Samarco Names Ricardo Vescovi De Aragao as New CEO From Jan. 1

Samarco Mineracao SA, a joint venture between Vale SA (VALE3) and BHP Billiton Ltd. (BHP), said it named Ricardo Vescovi de Aragao as Chief Executive Officer starting on Jan. 1. Vescovi de Aragao, currently Samarco’s operations director, will replace Jose Tadeu de Moraes, the Belo Horizonte, Brazil-based company said today in an e-mailed statement sent by an external public relations company.

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