By Brazil Stock Guide – Vale SA (VALE3 BZ; VALE US) has named Marcio Antonio Chiumento to its board of directors, filling a vacant seat as the Brazilian mining giant moves to strengthen its governance structure.
The company said the decision complies with its bylaws, directors policy and applicable legislation.
Chiumento brings more than two decades of experience in the financial industry, with expertise spanning investments, finance, corporate governance and strategic management. He currently serves as chief executive officer of Previ, the largest private pension fund entity in Brazil, where he oversees institutional and strategic leadership with a focus on long-term financial sustainability.
Over the course of his career at Banco do Brasil (BBAS3 BZ), Chiumento held senior executive roles including Head of Strategic Business Unit, General Ombudsman, Executive Manager and State Superintendent. He also served as Director of Equity Investments at Previ, managing investment portfolios, capital allocation and board participation.
Vale’s board will submit the nomination for shareholder ratification at a general meeting expected to be convened on March 12, 2026, and held on April 30, 2026.
The appointment follows the procedures outlined in the company’s corporate governance framework and applicable regulations.
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