Usiminas board votes to remove ceo Souza; Leite takes over

The board of directors of Brazilian steelmaker Usiminas has voted to remove ceo Rômel Erwin de Souza from his position, the company said late on Thursday March 23.

Seven members of the board voted to remove Souza, alleging that he violated Usiminas’ own rules on compliance when signing a memorandum with Japanese steelmaker Sumitomo regarding their iron ore joint venture, Mineração Usiminas.

Only four members voted against Souza’s dismissal....

Published

Ana Paula Camargo

March 23, 2017

23:06 GMT

São Paulo