Brazil’s government is pushing for management change at Vale in an effort to align the world’s biggest miner of iron ore more closely with national interests, according to people close to the company.
The main objective was to ensure that Roger Agnelli, the chief executive, did not stay on at the company when his mandate comes to an end in May this year, these people said.
They said that the majority of the company’s seven executive directors would quit if the government got its way.
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