PEOPLE
A key shareholder in Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA said on Friday that industry veteran Tulio Chipoletti was named as senior industrial VP on a temporary basis.
Ternium SA, one of the two controlling shareholders in the company known as Usiminas, said Chipoletti's appointment does not preclude it from plans to get Julián Eguren reinstated as CEO. Eguren was ousted in the wake of a dispute between Nippon Steel and Sumitomo Metal Corp, the other top shareholder, and Ternium a few weeks ago.
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