Vale's Board Betting Next CEO Will Help Improve Company's Image [Yahoo! Finance]
BANCO DO BRASIL SA S/ADR (BDORY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
relationships, while under the shadow of looming issues, including settlement of a 2015 deadly dam disaster. Most Read from Bloomberg Nazi Bunker's Leafy Makeover Turns Ugly Past Into Urban Eyecatcher Chicago Overcomes DNC Skeptics With Calm, Parties and Sun How the Cortiços of São Paulo Helped Shelter South America's Largest City These are the short-term goals for incoming Chief Executive Officer Gustavo Pimenta, said Daniel Stieler, who runs the board as a nominee of Previ — the pension fund of state-controlled Banco do Brasil SA, Vale's biggest individual shareholder with an 8.7% stake. Pimenta's ability to communicate with stakeholders was behind the board's unanimous decision to select him, Stieler said Tuesday at the company's headquarters in Rio de Janeiro. “Vale has a reputation issue that needs to be reestablished, to show society its value,” Stieler said. “The communication process is very important.” Good dialogue with local authorities is critical for Vale
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