Brazil's Vale proposes new board, vote set for April 30

Valecha Engineering

29/03/2019 15:10

SAO PAULO, March 29 (Reuters) - Brazilian miner Vale SA
 VALE3.SA  has proposed a new 12-member board, two months after
a mining dam operated by the company killed over 300. 
    According to a securities filing on Thursday night, three
board members will be independent and nine will be appointed by
controlling shareholders. The board members appointed by the
controlling group are Jose Mauricio Coelho, CEO of pension fund
Previ, Hamilton Ferreira, Marcel Barros, Marcelo Labuto,
Fernando Buso, Eduardo Rodrigues Filho, Oscar Camargo, Toshiya
Asahio and Jose Luciano Penido.
    Independent members are Isabella Saboya Alburquerque, Sandra
Azevedo and Clarissa Lins.

 (Reporting by Tatiana Bautzer; Editing by Jeffrey Benkoe)
 ((tatiana.bautzer@tr.com; Tel: +55-11-5644-7756; Mob:
+55-119-4210-4173; Reuters Messaging:
tatiana.bautzer.thomsonreuters.com@reuters.net))