The resignations came after documents emerged in recent weeks showing that Vale knew it had an elevated risk of rupture and that inspectors felt they were under pressure to certify the structure as safe.
Brazilian iron ore miner Vale SA Chief Executive Fabio Schvartsman and several other senior executives resigned on Saturday in what the company described as a temporary move, after one of its mining dams burst in January, killing hundreds.Vale said Schvartsman offered his resignation, which the board “immediately accepted” after state and federal prosecutors recommended their removal late on Friday.
The company said it had appointed Eduardo Bartolomeo, executive director of base metals, as the new head of the firm.Also resigning were Vale’s head of ferrous minerals and coal, Peter Poppinga, planning director Lucio Flavio Gallon Cavalli and Silmar Magalhaes Silva, the head of a geographic division at Vale.
In a letter sent to the board by Schvartsman and published by newspaper Folha de S.Paulo, in which he asked to be removed from the position of CEO on a “temporary” basis, the executive vigorously defended his conduct.
According to his LinkedIn profile, he worked as executive director at Vale for eight years until 2012, after which he worked as CEO of Brazil Hospitality Group then as CEO of Nova Transportadora do Sudeste, a gas pipeline company. He rejoined Vale in January of 2018.
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