Vale’s CEO, Murilo Ferreira, was appointed as a potential candidate to assume Brazil’s finance ministry, local media said this week.
According to a media report, newly-re-elected President Dilma Rousseff plans to use business leaders as “ambassadors” who could help ease market concerns about her second term.
The inclusion of well-known figures in the market, such Ferreira, is considered by market analysts key for the success of Rousseff’s second term.
The media report said the new minister should be announced before the G-20 summit to be held on November 15 and 16 in Brisbane, Australia.