Board of Governors of the Renova Foundation holds its first meeting

Meeting marks the official presentation of the main entity executives

The first meeting of the Board of Governors of the Renova Foundation was held on August 11 in Belo Horizonte, for the official presentation of the chairman, Wilson Nelio Brumer, the CEO of the institution, Roberto S. Waack, and Program Director, Galib Chaim. The Board of Governors carries out the annual and multi-year planning, approves budgets and contracts, as well as plans and programs.

The President of the Board, Wilson Nelio Brumer, has extensive and qualified experience, having been Chairman of the Board of Directors of several companies, including Vale, Acesita, BHP Billiton, Cemig and Codemig, and CEO of Usiminas and Secretary of State for Economic Development of Minas Gerais (2003-2007).

Also participating in the first meeting were the members of the Board: Celso Castilho de Souza (economist – representative of Samarco), Wilson Márcio Depes (lawyer – VALE representative), Luiz Soresini (economist – VALE representative), Ian Burton Wood (environmental scientist – BHP representative) and Flávio de Medeiros Bocayuva Bulcão (lawyer – BHP representative).

In addition, the Foundation has an Advisory Board composed of representatives of the affected communities, educational and research institutions, as well as members appointed by the Committee of Doce River Basin (CBH-Doce). The Advisory Board acts as an advisory body, advising on plans, programs and proposed solutions of the damage caused by dam collapse.

The participation of different sectors of civil society is also ensured by the Inter-federative Committee, which functions as an external and independent body of the Foundation, responsible for follow-ups, monitoring and supervision of the executed projects. The Committee’s members represent the Ministry of Environment, the Federal Government, the states of Minas Gerais and Espírito Santo, the affected municipalities, the Doce River Basin Committee and the Public Union Defender. Furthermore, it includes technical experts and independent auditors to give transparency to its operations.

Body of Directors of the Renova Foundation

The Renova Foundation was established after the signing of the Transaction Term of Conduct Adjustment (TTAC) between Samarco, Vale and BHP Billiton and federal governments of Minas Gerais and Espirito Santo. The entity is responsible for the continuing conduct of repair programs and socio-economic and environmental recovery in areas affected by the collapse of the Fundão dam.

The biologist and manager Roberto S. Waack is the CEO of Renova. With an extensive background in the field of sustainability, Waack has developed long term relationships with national and international civil society organizations, including WWF Brazil, Global Reporting Initiative (GRI), Forest Stewardship Council (FSC), Ethos and the Brazilian Biodiversity Fund.

Galib Chaim is the Program Director of the Renova Foundation. Engineer graduated from the Federal University of Minas Gerais and an MBA in Business Management from the Getulio Vargas Foundation (FGV), he worked at Vale between 1979 and July this year, when he ended his duties in the company in the position of executive director of capital projects.