Vale Base Metals Announces Leadership Transition in Board of Directors

On June 25, 2025, Vale Base Metals (VBM) revealed significant changes to its Board of Directors. Mark Cutifani, the founding Chairman, will resign from his position to focus on new professional ventures. This change comes as part of a strategic effort to enhance leadership within the organization, ensuring its continued alignment with broader goals within the energy transition metals market.

Mark Cutifani served as the inaugural Chairman since VBM's formation as a distinct entity under Vale S.A. His leadership played a crucial role in successfully carving out VBM, establishing a robust foundation for future growth and value creation. Under his stewardship, VBM not only optimized its portfolio but also built a strong executive leadership team that has been central to its strategic initiatives, including a notable partnership with Manara Minerals completed in July 2023.

Gustavo Pimenta, the CEO of Vale S.A., will take over as Chairman. His appointment promises to maintain strong leadership continuity, aligning VBM’s strategic goals with those of Vale S.A. in the rapidly evolving energy transition sector. In his farewell address, Cutifani expressed gratitude for the support from his team and acknowledged the significant progress made during his tenure. He also emphasized the importance of maintaining a collaborative relationship as the company continues to navigate its technical projects.

VBM CEO Shaun Usmar reflected on Cutifani's impactful leadership and mentorship. He articulated how Cutifani's insights and industry knowledge influenced his decision to join VBM and contributed profoundly to the company's strategic direction. As the incoming Chairman, Pimenta is expected to build on the legacy left by Cutifani and further develop VBM into a global leader in critical minerals.

The transition of leadership is set to occur in July, marking a new chapter for VBM as it strives to solidify its position in the market while following through on its strategic objectives that focus on responsible sourcing and innovative practices in the mining sector.

In conclusion, Vale Base Metals is poised for a promising future with its leadership changes. The board’s new direction under Gustavo Pimenta promises to bring fresh perspectives and renewed energy to VBM. The appointment marks not only a change in leadership but also a continuous commitment to the values and mission laid down by Mark Cutifani, ensuring that VBM remains a frontrunner in the energy transition metals landscape.