“I will remain committed to advancing the company’s strategic priorities until the end of my mandate, ensuring a successful transition to the new leadership. Over the last five years, we implemented a deep transformation in the company, involving internal culture, business reorganization, and focus on capital allocation and value creation for our shareholders and society. I remain extremely optimistic about Vale’s future”, affirms Eduardo Bartolomeo.

The definition of Vale's new CEO must consider the necessary skills and profile for the position given Vale's strategy and future challenges. The Board of Directors will be supported by an international firm and the Company will introduce its new CEO once the succession process is completed.

The Board of Directors reaffirms its commitment to building the Vale of the Future through its strategy of promoting sustainable mining, fostering low-carbon solutions, and staying disciplined in cost and capital allocation, with a safety-driven culture and a close relationship with our stakeholders. With an open and transparent dialogue, the Board will continue to act diligently and in a collaborative way with the Company's Executive Committee to turn Vale into a reference in creating and sharing value with our shareholders and society.