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Brazilian iron ore miner Vale picks Fabio Schvartsman as new CEO

BRASILIA, March 27 The board of Brazilian miner Vale elected as chief executive Fabio Schvartsman, who currently heads wood pulp and paper producer Klabin SA , the company said in a securities filing on Monday.

Schvartsman will replace Vale's current CEO Murilo Ferreira. (Reporting by Anthony Boadle; editing by Diane Craft)

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