CEO of Brazil's Vale SA Steps Down After Mine Dam Disaster
The mine owned by Vale burst Jan. 25 in the town of Brumadinho.
Vale said in a Saturday night statement that its board of directors had immediately accepted the resignation requests tendered by the four executives after prosecutors recommended their removal.
Besides Schvartsman, Gerd Peter Poppinga , Lucio Flavio Gallon Cavalli and Silmar Magalhaes Silva also stepped down.
Vale appointed its executive director of base metals, Eduardo de Salles Bartolomeo as interim CEO.