Vale CEO steps down: Move comes one month following Jan. 25 tailings dam failure in Brazil.
| Date | 01 April 2019 |
Vale Ltd. CEO Fabio Schvartsman and three of the company's senior executives stepped down one month following the collapse of a tailings dam in Brazil that killed 186 people.
In a March 2 statement, the Brazilian mining company said Schvartsman, along with Gerd Peter Poppinga, executive director of ferrous and coal; Lucio Flavio Gallon Cavalli, head of planning and development of ferrous and coal; and Silmar Magalhaes Silva, head of operations of the southeast corridor, requested "temporary removal from office," which the company accepted.
Vale said the move came at the joint recommendation of Brazil's Federal Public...
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