Fabio Schvartsman

CEO, Vale S.A. Business Circle

 Fabio Schvartsman was appointed by Vale’s Board of Directors to the post of CEO in April 2017.

With over 40 years of experience successfully running operations at major groups, Fabio stood out due to his excellent performance at the helm of Klabin S.A., one of Brazil’s largest producers and exporters of paper and pulp. As Klabin’s managing director from February 2011 to April 2017, he established a new management cycle focused on results and high performance. During this period, the company doubled its production capacity, entered new markets, tripled its market capitalization, and posted improving financial results for 23 consecutive quarters. As well as being responsible for finalizing the company’s professionalization process, he led the execution of the Puma Project, the largest project in Klabin’s history, involving total investment of R$8.5 billion, which started up in March 2016.

From February 1976 to April 1985, Fabio worked at Duratex, as head of its Economic Studies Sector, head of its Development Division, and head of its Planning Department. For 22 years, between May 1985 and April 2007, he held various positions at Ultra Group companies and took part in some major negotiations. From April 2007 to February 2008, he led Telemar Participações S.A. and from April 2008 to April 2010, he was the CEO of SanAntonio Internacional. Furthermore, he was responsible for Ultrapar’s stock exchange flotation, and he worked as the company’s planning superintendent, planning director, planning and control director, investor relations director and CFO. While a partner and director of Ultra S.A., he was in charge of the process of acquiring the Ipiranga gas station chain. He also led Ultraprev.

Fabio has an undergraduate degree in production engineering from the University of São Paulo Polytechnic School and an MBA from Fundação Getulio Vargas’ São Paulo School of Business Administration.