Vale Base Metals Announces Changes to Board of Directors

Cutifani steps down as chair of Vale’s base metals business after two years

Parent company boss Gustavo Pimenta set to replace the former Anglo American chief executive

Vale Base Metals Announces Changes to Board of Directors

Cutifani to step down as Vale Base Metals chair

Vale Base Metals (VBM) said on Wednesday that Mark Cutifani would step down as chairperson of the board in July, with Vale CEO Gustavo Pimenta appointed as his successor. Cutifani, the inaugural chairperson of VBM following its carve-out from Vale, is stepping down to focus on new professional projects, the company said.

Cutifani steps down as Vale Base Metals chair

MARK Cutifani is stepping down as chair of Vale Base Metals after two years amid a possible listing of the copper and nickel business which parent company Vale is considering, said the Financial Times on Wednesday. Vale spun out the base metals business as a separate unit in 2023, appointing Cutifani, the former CEO of Anglo American, as chair the same year. Vale Base Metals is poised to be among the world’s fastest-growing copper producers, aim…

Mark Cutifani stepping down as board chair of Vale Base Metals

Vale said the transition to new chair Gustavo Pimenta would take place in July