Vale ‘Quiet’ Negotiator Ferreira Takes Over as Brazil Conflict Hurts Stock

Bloomberg reports since Murilo Ferreira helped Vale SA (ETR:CVLC,FRA:CVLC) win a takeover he has built a global nickel business.

The market news is quoted as saying,

Nickel output rose to a record by 2008, in part because Ferreira boosted relations with local unions and took a consensus-building approach that impressed fellow executives and labor representatives such as United Steelworkers Union leader Leo Gerard. Those attributes have now helped him win the top job at Rio de Janeiro-based Vale, after Brazil’s government ousted Agnelli in a dispute over its strategy and investments.

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