Brazil · Business

Key Facts

—New chairman. Manuel Lino Silva de Sousa Oliveira, known as “Ollie,” a 74-year-old independent Vale board member since 2021.

—Term length. Oliveira will serve as chairman through April 2027, completing the current board cycle.

—Vote margin. Oliveira defeated vice-chairman Marcelo Gasparino by roughly 1.97 billion votes to 1.06 billion.