Usiminas elected Marcelo Gasparino chairman of its board, one of the main shareholders said, in a win for minority stakeholders at the Brazilian steelmaker. Gasparino, an attorney with experience on the boards of a number of Brazilian companies, was the only candidate for the position after a tussle between the majority shareholders, Luxembourg-based Ternium SA and Japan's Nippon Steel & Sumitomo Metal Corp, meant the controlling stakeholders did not put forward a candidate.
