Vale names Oliveira as new board chair

Vale (VALE) shareholders elected Manuel Lino Silva de Sousa Oliveira as president (chair) of the company’s board at an Extraordinary General Meeting held on July 22, 2026. Oliveira, widely known as Ollie, secured the leadership role through a shareholder vote that took place during the session.

The election concluded a contest between Oliveira and fellow director Marcelo Gasparino for the top board position. With the vote, shareholders confirmed their choice of Oliveira to preside over the board and guide its agenda.

The meeting was convened as an Extraordinary General Meeting, underscoring the focus on board composition and governance decisions. The results of the vote were determined and announced at this gathering on July 22, 2026.

The decision to elect Oliveira followed a competitive process in which more than one sitting director sought the chair. Shareholders weighed the alternatives and ultimately chose Oliveira over Gasparino to lead the board.

By selecting Oliveira in a direct contest, investors clarified the immediate direction of Vale’s (VALE) board leadership. The outcome ended uncertainty around who would occupy the presidency of the board after the vote.

The July 22 meeting thus served both to resolve the leadership race and to confirm the formal structure of the board for the next phase of corporate governance at Vale.

In addition to choosing a new chair, shareholders also voted on the broader composition of Vale’s board at the same Extraordinary General Meeting. As part of these decisions, Ieda Gomes Yell was elected as a member of the board.

Yell’s election occurred during the same session in which Oliveira was chosen as president of the board, linking both appointments to a single round of corporate decisions. Her addition contributes to the refreshed configuration emerging from the July 22 meeting.

Together, the election of Oliveira as chair and Yell as director marked the key outcomes of the Extraordinary General Meeting. These results defined the updated leadership and membership of Vale’s board as reported following the vote.