Vale has announced that Tito Martins, who has been with the company since 1985, is leaving the company and Luciano Siani is being nominated to replace him as Chief Financial Officer with responsibilities for Investment Relations, Shared Services, Procurement and Capital Projects PMO.
Previously at Vale, he was global director of Strategic Planning in 2008-2009, global director of Human Resources in 2009-2011 and returned to Strategic Planning in 2011. His previous experience includes a position as a consultant for McKinsey & Co. in 2003-2005 and 12 years as an executive of BNDES in the Finance and Capital Markets team. In these positions he was board member of Telemar, Suzano and Valepar.