Monday, June 28, 2010

Vale (NYSE:VALE) CFO Leaves for Other Opportunities

Vale (NYSE:VALE) CFO Fabio de Oliveira Barbosa has reportedly left the company on Monday, according to a filing from the giant mining company.

In a statement Vale said Barbosa is leaving because he's looking for "new professional challenges."

The board of Vale has proposed that Barbosa be replaced by global corporate finance director Guilherme Perboyre Coavalcanti, who has been in that position since 2005.

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