Vale (VALE3) reported this Wednesday, July 22, 2026, that the company’s Board of Directors has decided to propose the removal of board member Marcelo Gasparino da Silva from his position, due to the leak of confidential information related to the Board meeting held on June 19, 2026. Under Vale’s Misconduct Management Policy, the removal of a Board member depends on a resolution by shareholders at a General Meeting.
According to the company, the decision was based on the facts and findings of an investigation conducted by an independent external law firm, hired by resolution of the Board of Directors, which confirmed the information leak and classified it as misconduct under the internal policy. The Board followed recommendations from the Audit and Risk Committee (CARE) and the Audit and Compliance Department.
The Board of Directors also approved the removal of Marcelo Gasparino da Silva from the two Advisory Committees of which he was a member, the Nomination and Governance Committee and the People and Compensation Committee.
Vale stated that as soon as the necessary procedures are completed, the Board of Directors will call a General Meeting of shareholders to deliberate on the removal of Marcelo Gasparino da Silva and other related matters. The company says it will keep the market informed of any new relevant developments.
