Vale Receives Shareholder Request for Board Changes and Chairman Election
Vale S.A. received correspondence from its shareholder Previ (Caixa de Previdência dos Funcionários do Banco do Brasil) requesting the call of an Extraordinary General Meeting to address board changes. The shareholder seeks to remove Mr. Daniel André Stieler from the Board of Directors and nominate Mr. José Mauricio Pereira Coelho as a full member to complete the current term. Additionally, if the removal is approved, Previ requests the election of a new Chairman of the Board and declares support for Mr. Manuel Lino Silva de Sousa Oliveira (Ollie) for this position, believing his leadership would strengthen governance practices, improve strategic management, and align with shareholder interests. Vale's Board of Directors is currently assessing the necessary measures to call the meeting in compliance with Brazilian corporate law, the company's bylaws, and internal regulations. The company commits to keeping the market informed of material developments.