Key Facts
—The caretaker. Vale’s board elected independent director Wilfred Theodoor Bruijn as interim chairman on July 14. He serves until the July 22 shareholder meeting.
—The exit. Daniel André Stieler resigned as chairman and director by letter on July 6, with immediate effect. His term ran to April 2027.
—The challenger. Previ, the Banco do Brasil employees’ pension fund, holds 7.01% and forced the meeting that was to vote on removing him.
—The board’s answer. A majority had recommended shareholders reject the removal, with one director against and three abstentions.
