New CFO Appointment at Vale

SAO PAULO (Reuters) – The board of Brazilian miner Vale has approved Marcelo Bacci as the company's new chief financial officer. This decision was announced in a securities filing released on Friday.

Bacci, previously the finance chief for pulp maker Suzano, is set to start in his new role on December 2. He will be taking over from Murilo Muller, who is currently serving in an interim capacity.

Following Bacci's resignation, Marcos Moreno Chagas has been named as Suzano's new chief financial officer, as announced in a separate filing also on Friday.