Vale (NYSE: VALE) said on Wednesday that Mark Cutifani will step down as chairman of its copper and nickel spin-off Vale Base Metals to “pursue new professional projects,” according to a securities filing.
Vale CEO Gustavo Pimenta has been elected to replace him, the company said, adding that the changes would take place in July and “ensure strong leadership continuity and alignment with Vale’s broader strategic objectives” in the business.
(Reporting by Gabriel Araujo; Editing by Tomasz Janowski)
