25 March 2011

BRASIL: Prez. Rousseff Wants Vale's CEO Agnelli...Out.

M.PRESS/

    FM Guido Mantega is under attack for reports he asked big Vale shareholder Bradesco to find a replacement for  CEO Roger Agnelli, 51 (pictured), who has run the iron ore mining behemoth since 2001.
   Analyst Jose Luciano Dias says: “She (Rousseff) believes in a big, strong government and has issues with Agnelli. I have no doubt this pressure is coming directly from Dilma.”
   A source claims Rousseff wants Agnelli out of his post before she travels to China in mid-April.
    Agnelli has angered Dilma with his tough stance over  mining royalties.
    Agnelli also upset ex-president Lula da Silva for buying foreign-made vessels.