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Cleveland-Cliffs Announces Promotion of Chief Financial Officer Celso Goncalves from Executive Vice President to President and Appointment to Board of Directors

  • Cleveland-Cliffs Inc. Board of Directors promoted Celso Goncalves from Executive Vice President & CFO to President & CFO, effective immediately.
  • Celso Goncalves was appointed to the Company's Board of Directors as part of the leadership evolution.
  • Lourenco Goncalves retains his role as Chairman & CEO while relinquishing the title of President.
  • Celso Goncalves has served as EVP & CFO since 2021 & was with the Company since 2016, previously working at Deutsche Bank & Jefferies.
  • Lead Director Mike Michael cited Celso's instrumental role in transforming Cleveland-Cliffs into North America's largest flat-rolled steel producer.
  • Lourenco Goncalves described the appointment as a natural progression recognizing Celso's decade of strategic & financial contributions.
  • Lourenco Goncalves stated the change marks the start of a deliberate leadership transition while he remains committed to leading the company.
  • Cleveland-Cliffs is a vertically integrated steel producer headquartered in Cleveland, Ohio, employing approximately 25,000 people.
  • The release includes standard forward-looking statements warning of risks related to market volatility, industry competition, economic conditions, & trade policies.