Vale Top Job Said Subject of Debate in Brazil Political Shakeout
- Temer himself isn’t among those calling for change: sources
- Former Vale executives touted as possible CEO replacements
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Vale SA Chief Executive Murilo Ferreira is grappling with the biggest commodity collapse in a generation and Brazil’s worst ever environmental disaster. But his biggest threat may be political.
Appointed in 2011 as part of a management shakeup driven by President Dilma Rousseff, Ferreira is now in the cross-hairs of some members of acting President Michel Temer’s Democratic Movement Party, said two people with knowledge of the matter. Former Vale executives Tito Martins and Jose Carlos Martins are being touted as replacements, two other people said.