Vale informs that Mr. Manuel Lino Silva de Sousa Oliveira (Ollie Oliveira) was appointed today as Lead Independent Director (LID) of Vale's Board of Directors. Mr. Ollie Oliveira has been an independent Board member of the Company since 2021, with recognized performance on several international Boards in the industry and more than 35 years of experience in corporate finance and strategy, mainly in the mining sector.

About LID


Aligned with the best corporate governance practices in the market, Vale's Bylaws provide that, with the election of a non-independent Chairman of the Board of Directors, the independent Board members must appoint a representative as LID among themselves. In this role, the independent Board member will act as an alternative contact for shareholders to understand their expectations and perceptions of Vale and as a sounding board for the Chairman of the Board of Directors. That member will also capture, together with the other independent Board members, perceptions of the Board dynamics and priorities and will help in the continuous evolution of the collegiate’s performance, among other attributions as per the internal regulations of Vale’s Board of Directors (available here).

Composition of the Audit and Risk Committee


For a better dedication to the LID role, Mr. Ollie Oliveira leaves the coordination of Vale's Audit and Risks Committee, remaining as a member and technical specialist of the referred advisory body of the Board of Directors. Ms. Vera Marie Inkster, an independent Board member, assumes the coordinator position of Vale's Audit and Risk Committee. Therefore, Audit and Risks Committee continues to be composed of the same three members1 and is fully independent.