Succession at Vale could reach a conclusion this Friday.

247 - The succession at Vale could come to a conclusion this Friday (8), when the mining company's board of directors will meet to discuss the topic, as reported by newspaper Valor EconômicoIn February, a board meeting ended in a tie, with six votes in favor of reappointing the current CEO, Eduardo Bartolomeo, and six votes in favor of opening a competitive process to select the new president. Faced with this impasse, discussions about the succession were stalled. Now, there is a possibility of an intermediate solution, where Bartolomeo would be temporarily reappointed while a succession process respecting the company's governance would be initiated.

President Luiz Inácio Lula da Silva attempted to appoint former minister Guido Mantega as CEO of the company, but backed down. Recently, the name of Paulo Caffarelli, former president of Cielo and Banco do Brasil, has circulated as a potential candidate with government support. Other names, such as the president of Suzano, Walter Schalka, have also been mentioned.