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Lula is considering appointing Mantega to Vale's leadership or board of directors

Lula is considering appointing Mantega to Vale's leadership or board of directors

The President believes that the former Minister of Finance can play an important role in the process of rebuilding the national economy

Guido Mantega and Lola

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247 – Palacio do Planalto is evaluating the possibility of appointing former minister Guido Mantega to the leadership or board of directors of mining company Vale, one of the country's largest exporters, amid talks about succession at the company. According to government sources, President Luiz Inacio Lula da Silva himself thought of the name Mantega during his conversations with his advisors. However, interviewers stated that it is still unclear how the government will conduct this move, as it will be necessary to reach a consensus between Vale shareholders and the federal government. Speculation has recently been made about Guido Mantega as a potential replacement for current CEO, Eduardo Bartolomeo, as a report valuable.

Vale's CEO's current term is three years, and another alternative under discussion is the possibility of reappointing Eduardo Bartolomeo for a shorter term. However, the final decision has not been made yet. Although the Board of Directors meeting is scheduled for the 31st, succession is not initially included on the agenda, but may be included before the date.

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