Under bylaw amendments approved on March 12, the executive board terms increased from two to three years, to provide greater stability to the Brazil-based miner's management.
Bartolomeo had been appointed to the top job in 2019 to replace Fabio Schvartsman, who stepped down in the wake of the deadly Brumadinho tailings dam disaster.
The board also re-elected executive officers Alexandre Gomes Pereira (business support), Carlos Henrique Senna Medeiros (safety and operational excellence), Luciano Siani Pires (finance and investor relations), Luiz Eduardo Fróes do Amaral Osorio (IR and communication) and Marcello Magistrini Spinelli (ferrous).
It moved two directors to new executive officer roles, namely Alexandre Silva D'Ambrosio (legal), Marina Barrenne de Artagao Quental (people) and elected Maria Luiza de Oliveira Pinto e Paiva to the newly-created position of executive officer of sustainability, as announced in February.
Deshnee Naidoo
A day earlier, Vale said it had appointed former Vedanta Resources' Zinc International CEO Deshnee Naidoo as the new director of finance and business development for its base metals business.
Vale separately said yesterday it had gradually started the operation of the tailings filtration plant located at its Vargem Grande complex in Minas Gerais, as part of plans to reduce dependence on tailings dams.
It said it was the first of four filtration plants to be operated at Vale sites in Minas Gerais, which would total US$2.3 billion in investments between 2020 and 2024.
Vale shares (BZ: VALE3) remain near a multi-year high at BLR96.51, valuing it about BRL495 billion (US$90 billion).
