Reported about 2 months ago
Shares of Brazilian mining company Vale increased by about 3% after the announcement of Gustavo Pimenta's appointment as the new CEO, replacing Eduardo Bartolomeo. Analysts believe that this leadership change, which aims to stabilize the company's strategy following a tumultuous succession process, will positively impact Vale's stock, which has been down 16% this year. Pimenta, who was previously the CFO, enjoys a strong reputation in the investment community and is expected to enhance investor confidence.
Source: YAHOO