Who is the top shareholder pushing for Vale's chairman removal, and what specific action did they request?

Vale's top shareholder, pension fund Previ, requested a shareholders' meeting to vote on the removal of Chairman Daniel Andre Stieler. Previ also proposed appointing Jose Mauricio Coelho to Vale's board and supporting current board member Manuel Oliveira as chairman.

What rationale did Previ provide for proposing Manuel Oliveira as the new chairman?

According to Vale's filing, Previ argued that Manuel Oliveira would contribute to 'the strengthening of governance practices, the improvement of strategic management and the alignment with the interests of shareholders and stakeholders.'

Vale's Top Shareholder Pushes for Meeting on Chairman's Removal

Jun 11, 2026

Brazil's Vale received a request from top shareholder Previ to convene a meeting to vote on removing Chairman Daniel Andre Stieler. Previ proposes appointing Jose Mauricio Coelho to the board and supporting Manuel Oliveira as chairman to strengthen governance.

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Vale's Top Shareholder Pushes for Meeting on Chairman's Removal

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