Summary by Moomoo AI
Vale SA issued a clarification on July 9, 2024, regarding recent media reports about the ongoing process to select the company's new CEO. The clarification follows a press release from May 23, 2024, and addresses specific details published by the newspaper O Globo. Vale confirmed that Russell Reynolds continues to provide advisory services for the CEO selection, as previously disclosed on May 1, 2024. The company emphasized that the process is being conducted in accordance with Vale's bylaws, corporate policies, and applicable laws. Vale's Board of Directors has not yet reached a decision on the list of CEO candidates and committed to keeping the market updated on any significant developments. The press release also included a cautionary note about forward-looking statements, highlighting the risks and uncertainties that could affect future results.