Vale names mining veteran Murilo Ferreira as CEO

Brazil's Vale, the world's largest iron ore producer, named late on Monday Murilo Ferreirdiagrama de flujo de proceso de produccion del carbona as chief executive amid mounting concerns of state meddling in the company. Ferreira, a 30-year mining industry veteran and a former employee of Vale, will succeed Roger Agnelli on May 22, according to a statement.

Here are views of some analysts on the new CEO's appointment: RODRIGO BARROS, MINING ANALYST, DEUTSCHE BANK: "In our view, the appointment of an executive with extensive track record in the mining industry and strong knowledge of Vale's operations should be positive for the company. "We believe that the current management of Vale, under the leadership of Agnelli, has transformed Vale into a leading world class mining company and that the roadmap for Vale's growth is already in place." ALEX HACKING, MINING ANALYST, CITIGROUP: "Ferreira, together with Vale's executive management and Board of Directors, will have to balance Vale's existing investment program with any additional domestic investments preferred by the Brazilian government, such as in steel or energy...