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Brazilian iron ore miner Vale picks Fabio Schvartsman as new CEO

BRASILIA, March 27 (Reuters) - 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)