Brazil wants Vale’s next CEO to have closer ties with government

Brazil expects the next CEO for Vale, the world’s second-largest iron ore producer, to have closer relations with officials and regulators even after public scrutiny over government influence on the company’s succession plan roiled a leadership search earlier this year. The government wants the next CEO to have ties with states, municipalities and regulators, Alexandre Silveira, the country’s Mines and Energy Minister, said in an interview at Bloomberg’s office in Rome. “This will be a step forward and we’ll demand it very vigorously,” Silveira said.