✓ verbatim from the press
Caixa de Previdência dos Funcionários do Banco do Brasil (Previ) — one of Brazil's largest pension funds — sent a letter to Vale on Thursday (11) requesting an extraordinary assembly to remove Daniel André Stieler from his position as member and chairman of the mining company's board of directors. ✓
Press quotes (1)
"A Vale recebeu nesta quinta-feira (11) uma correspondência da sua acionista Caixa de Previdência dos Funcionários do Banco do Brasil (Previ), requerendo a convocação de assembleia geral extraordinária (AGE) de acionistas para deliberar sobre a destituição de Daniel André Stieler do cargo de membro e presidente do conselho de administração da companhia"
Previ also requested the nomination of José Mauricio Pereira Coelho as a full board member to complete the current mandate. If Stieler's removal is approved, the assembly should also elect a new board chairman. ✓
Press quotes (1)
"A Previ ainda pede a indicação de José Mauricio Pereira Coelho como membro titular do conselho, para completar o mandato em curso. Caso aprovada a destituição de Stieler, a acionista ainda requer a eleição de um novo presidente do conselho de administração"
In the correspondence sent to the company, Previ declared support for the nomination of Manuel Lino Silva de Sousa Oliveira (known as Ollie) for the board chairmanship, arguing that his eventual appointment "will contribute positively to strengthening governance practices, improving strategic management and alignment with shareholders' and stakeholders' interests". ✓
Press quotes (1)
"Em sua correspondência, a Previ também declara apoio à indicação de Manuel Lino Silva de Sousa Oliveira para o cargo de presidente do conselho de administração da Vale, por entender que sua eventual condução "contribuirá positivamente para o fortalecimento das práticas de governança, a melhoria da gestão estratégica e o alinhamento com os interesses dos acionistas e stakeholders"
Vale informed the market in a statement that its board of directors is evaluating the necessary measures for convening the extraordinary general assembly, observing the provisions of the Corporate Law and the company's bylaws. ✓
Press quotes (1)
"Em comunicado ao mercado, a Vale afirmou que o seu colegiado está avaliando as medidas necessárias para a convocação da AGE"
Previ sent correspondence to Vale on June 11, 2026, requesting extraordinary assembly to remove Daniel André Stieler
Previ proposed Manuel Lino Silva de Sousa Oliveira (Ollie) as new board chairman
Covered by only some sources, or where the accounts diverge.
No gaps or divergences found — sources converge.
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What specific criteria motivated Previ to request Daniel André Stieler's removal?
Why it's still unknown: Previ's correspondence cited only generic corporate governance justifications — attempt to obtain Previ's original letter with specific details failed: document not located in public sources
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What is Previ's current shareholding in Vale and whether it has the power alone to convene an assembly?
Why it's still unknown: No source reported Previ's percentage participation in Vale's voting capital or the statutory requirements for assembly convocation
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When do the current Vale board members' mandates expire?
Why it's still unknown: The timeline of mandates was not reported by consulted sources