Previ pushes Vale (NYSE: VALE) to replace director and board chair
Rhea-AI Filing Summary
Vale S.A. reports that its shareholder Caixa de Previdência dos Funcionários do Banco do Brasil – Previ has requested an Extraordinary General Meeting of shareholders. Previ asks shareholders to vote on removing board member Daniel André Stieler and appointing José Mauricio Pereira Coelho to complete the current board term.
If the removal is approved, shareholders would also elect the Chairman of the Board of Directors. Previ states it supports Manuel Lino Silva de Sousa Oliveira (Ollie) as Chairman, arguing his leadership could strengthen governance and strategic management. Vale’s board is assessing the steps to call the meeting in line with Brazilian corporate law, the company’s bylaws and internal policies, and says it will update the market on material developments.
Positive
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Insights
Shareholder Previ is pressing for changes on Vale’s board, including the chair role.
The filing describes a governance initiative by major shareholder Previ, which has formally requested an Extraordinary General Meeting. The agenda targets the removal of director Daniel André Stieler, the appointment of José Mauricio Pereira Coelho, and, conditionally, the election of the Board’s Chairman.
Previ expressly supports Manuel Lino Silva de Sousa Oliveira (Ollie) as Chairman, citing potential benefits for governance and strategic management. However, no decisions have been made; the current board is still evaluating how to convene the meeting under Brazilian Law No. 6,404/76, Vale’s bylaws and its Directors Policy.
The practical impact depends on how other shareholders vote at the requested meeting and whether the proposed board and chair changes gain broad support. For now, this is a signal of active shareholder engagement rather than a completed governance shift.
Key Figures
Key Terms
Extraordinary General Meeting financial
Board of Directors financial
Directors Policy financial
Forward-Looking Statements regulatory
United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
For the month of
June 2026
Vale S.A.
Praia de Botafogo nº 186, 18º andar,
Botafogo
22250-145 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
(Check One) Form 20-F x Form 40-F ¨
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Press Release |
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Vale informs on correspondence received from its shareholder Previ
Rio de Janeiro, June 11, 2026 –Vale S.A. (“Vale” or the “Company”) informs that, on this date, it received correspondence from its shareholder Caixa de Previdência dos Funcionários do Banco do Brasil – Previ, requesting the call of an Extraordinary General Meeting of the Company’s shareholders to resolve on: (i) the removal of Mr. Daniel André Stieler from the position of member of the Board of Directors; (ii) the nomination of Mr. José Mauricio Pereira Coelho as a full member of the Board of Directors, to complete the current term of office; and, if the matter set forth in item (i) is approved, (iii) the election of the Chairman of the Company’s Board of Directors. In its correspondence, Previ also declares its support for the nomination of Mr. Manuel Lino Silva de Sousa Oliveira (Ollie) for the position of Chairman of the Company’s Board of Directors, for understanding that his eventual leadership would positively contribute to the strengthening of governance practices, the improvement of strategic management and the alignment with the interests of shareholders and stakeholders.
The Company informs that its Board of Directors is assessing the necessary measures for calling the Extraordinary General Meeting, observing the provisions of Law No. 6,404/76, the Company’s Bylaws and its internal regulations, including its Directors Policy.
The Company will keep the market informed of any material developments, in accordance with the applicable regulation.
Marcelo Feriozzi Bacci
Executive Vice President, Finance and Investor Relations
For further information, please contact:
Vale.RI@vale.com
Thiago Lofiego: thiago.lofiego@vale.com
Luciana Oliveti: luciana.oliveti@vale.com
Pedro Terra: pedro.terra@vale.com
Patricia Tinoco: patricia.tinoco@vale.com
This press release may include statements that present Vale’s expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Vale S.A. (Registrant) | ||
| By: | /s/ Thiago Lofiego | |
| Date: June 11, 2026 | Director of Investor Relations | |