Vale CEO steps down, reluctantly

A MONTH after the collapse of a Vale tailings dam that killed hundreds of people, the company’s CEO has been “temporarily” removed from his position while reportedly protesting that he and Vale’s executive board did nothing wrong.

Vale CEO steps down, reluctantly Vale CEO steps down, reluctantly Vale CEO steps down, reluctantly Vale CEO steps down, reluctantly Vale CEO steps down, reluctantly

Vale CEO Fabio Schvartsman addressing the media last month.

The world's biggest iron ore miner announced on Saturday it had accepted requests from CEO, Fabio Schvartsman, and three senior executives to be temporarily removed from their positions.