Vale's Largest Shareholder Demands Shareholder Vote to Dismiss Chairman

According to regulatory filings, Vale said Thursday that its largest shareholder, Previ pension fund, has requested a shareholder meeting to vote on dismissing Chairman Daniel Andre Stieler. Previ, which manages pensions for employees of Brazil's state-owned Banco do Brasil, proposed appointing Jose Mauricio Coelho to Vale's board and supporting board member Manuel Oliveira as the new chairman.
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