PT Vale Indonesia Tbk has appointed Jennifer Maki as the new president commissioner, replacing Ricardo Carvalho. The company has also announced the appointment of Mr. Stuart Harshaw as Commissioner of the company to fill in the vacant Commissioner position left by Ms Jennifer Maki. The Shareholders also approved the appointment of Mr. Nobuhiro Matsumoto as Commissioner of the company, replacing Mr. Akira Nozaki.

JENNIFER MAKI was elected to the Board of Commissioners in 2007. She is the Chief Financial and Administrative Officer of Vale Base Metals. As of January 2013, Ms Maki also assumed the Human Resources and Corporate Affairs portfolios, in addition to the Chief Finance role, which she has held since 2007.

Ms Maki joined Vale Canada in 2003 as Assistant Comptroller, Financial Planning and Analysis and has also held the roles of Assistant Comptroller, Financial Accounting and Reporting, and vice president and Treasurer. Prior to joining Vale Canada, Ms Maki spent 10 years at PricewaterhouseCoopers LLP in positions of increasing responsibility. STUART HARSHAW is currently the Vice-President of Marketing and Sales for Asia Pacific of Vale Base Metal.

In this role, he oversees all sales of Base Metals into the Asia Pacific region, including China, Japan, Taiwan and Indonesia. In addition, he is responsible for the Asian refinery operations in Matsusaka, Japan; Kaohsiung, Taiwan and Dalian, China. Since joining Inco (now Vale) in 1990, Mr. Harshaw has held roles in Engineering, Operations and Marketing.

NOBUHIRO MATSUMOTO is currently the General Manager of Administration Department, Non-Ferrous Metals Division of Sumitomo Metal Mining Co. Ltd. In this role, he is responsible for strategy and performance management and business development of Non-Ferrous Metals business. He has held various R&D, operation and project management positions in the field of Non-Ferrous Metals, particularly nickel, in his career Sumitomo, and served as a Plant Manager of Coral Bay Nickel Corporation (Philippines) succeeded by a Plant Manager of Niihama Nickel Refinery prior to assuming his current position.