Rio de Janeiro, May 22nd 2017 - Vale S.A. (Vale) informs that Fabio Schvartsman took office as Vale's chief executive officer this Monday.

Fabio Schvartsman, 63, has a graduate and post-graduate degree in production engineering from the University of São Paulo and a post-graduate degree in Business Administration from Fundação Getúlio Vargas. He worked for 10 years at Duratex and for 22 years at the Ultra Group, leaving the company in 2007 as the Ultrapar holding CFO and managing partner of Ultra S.A. Fabio was CEO of Telemar Participações and of San Antonio International and, since 2011, served as Klabin's CEO.

​​Fabio was appointed by Vale's Board of Directors from a list prepared by Spencer Stuart, an international recruiting company, in accordance with Vale´s governance. He replaces Murilo Ferreira, who was Vale's CEO for six years. Under his management, Murilo steered Vale through a very turbulent period in the world mining industry and managed Vale through some of the most difficult times in its history. It was also under Murilo's leadership that Vale became a much leaner and responsive company with significant improvements in its competitive position while preserving the company´s balance sheet. Vale delivered S11D, the largest project in its history, and turned its focus to core assets, making divestments that totaled more than US$ 16 billion.


​​

For further information, please contact:
+55-21-3485-3900

André Figueiredo: andre.figueiredo@vale.com
Carla Albano Miller: carla.albano@vale.com
Fernando Mascarenhas: fernando.mascarenhas@vale.com
Andrea Gutman: andrea.gutman@vale.com
Bruno Siqueira: bruno.siqueira@vale.com
Claudia Rodrigues: claudia.rodrigues@vale.com
Denise Caruncho: denise.caruncho@vale.com
Mariano Szachtman: mariano.szachtman@vale.com
Renata Capanema: renata.capanema@vale.com

This press release may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), and the French Autorité des Marchés Financiers (AMF), and in particular the factors discussed under 'Forward-Looking Statements' and 'Risk Factors' in Vale's annual report on Form 20-F.

Vale SA published this content on 22 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 May 2017 15:17:23 UTC.

Original documenthttp://www.vale.com/EN/investors/information-market/Press-Releases/Pages/fabio-schvartsman-takes-office-as-Vales-chief-executive-officer.aspx

Public permalinkhttp://www.publicnow.com/view/5FFCD3174B69EEE6A303DF0EFBB6DC2132259AD3