Brazilian iron-ore miner Vale names CFO Pimenta as next CEO

 Brazilian miner Vale on Monday said that current CFO Gustavo Pimenta will become its next CEO, wrapping up a noisy succession process that had seen board members depart amid accusations of political intrigue.

Pimenta, 46,who will replace current CEO Eduardo Bartolomeo, was elected by the board unanimously, Vale said in a securities filing, adding the transition will follow a schedule the firm had already released.