Management

Cleveland-Cliffs Announces Government Administration Promotions

CLEVELAND, August 30, 2021–(Business enterprise WIRE)–Cleveland-Cliffs Inc. (NYSE: CLF) right now introduced the advertising of 3 essential leaders at the govt stage, helpful September 1, 2021. The announcement arrives as Cliffs seeks to broaden its now strong raw content portfolio by increasing its scrap recycling existence, an action that will drop beneath a freshly established division named Cleveland-Cliffs Companies. The ongoing steel business stays in Cleveland-Cliffs Steel, an currently present Cleveland-Cliffs Inc.’s division.

  • Clifford T. Smith, now EVP, Chief Functioning Officer, has been promoted to EVP & President, Cleveland-Cliffs Steel. He will continue to guide functions and professional for all business enterprise segments which includes Steelmaking, Tooling and Stamping, and Tubular Elements.

  • Keith A. Koci, at present EVP, Chief Financial Officer, has been promoted to EVP & President, Cleveland-Cliffs Services. He will suppose corporate accountability for procurement, logistics, IT, and scrap recycling. He will lead the advancement of Cliffs’ raw product portfolio, with a principal emphasis on growing Cliffs’ presence in the domestic scrap recycling current market.

  • Celso L. Goncalves, at the moment SVP, Finance & Treasurer, has been promoted to EVP, Main Monetary Officer. He will guide the economic corporation for Cleveland-Cliffs Inc., assuming govt accountability for Finance, Accounting, Tax, Treasury and Investor Relations. He will also proceed to guide essential strategic corporate and company development initiatives.

All a few men and women will report directly to Lourenco Goncalves, Cleveland-Cliffs Inc. Chairman, President and CEO, who explained, “Today’s announcement signifies the development of the suitable management structure for our lately remodeled business going forward, with promotions to the a few users of my main workforce. Cliff Smith, Keith Koci and Celso Goncalves have been critical contributors to our remarkable transformation about the past two yrs, and I will depend on them to carry on to execute on our strategic objectives. I approach to be in this seat for the lengthy time period, and the collaboration of these three executives and their operate with me are paramount to the ongoing success of our organization.”

Mr. Goncalves included, “Very first, Cliff has been and will continue to be my 2nd in command at Cleveland-Cliffs, and the success of the integration of our two major acquisitions speaks to his successful leadership. Next, in this new period of steel decarbonization, scrap will become valuable metallic, and Keith’s deep history in M&A would make him the fantastic person to guide this enterprise. And lastly, by means of his thriving job both in expense banking and right here at Cliffs top our cash composition transformation initiatives, Celso has perfected the capabilities I will need in a CFO at this time.”

Govt Biographies

Clifford T. Smith joined Cleveland-Cliffs in 2003, and has served as Govt Vice President, Chief Working Officer (January 2019 – current) and Government Vice President, Enterprise Improvement (April 2015 – January 2019). Prior to these roles, he has also held different senior management positions which includes oversight of Seaborne Iron Ore, Latin American Functions and Cliffs Michigan Functions. Prior to signing up for Cliffs, Mr. Smith held mine administration positions with Asarco, Southern Peru Copper Company, and Amax Coal. He acquired a B.S. in mining engineering from the South Dakota School of Mines and Technology.

Keith A. Koci joined Cleveland-Cliffs in 2019, and has served as Government Vice President, Chief Fiscal Officer for his total tenure. Prior to joining Cliffs, Mr. Koci served most lately as Senior Vice President and Chief Fiscal Officer for Metals United states. He also earlier held the roles of Senior Vice President, Small business Progress Vice President, Company Controller Director of Budgeting and Regional Controller for Metals United states. Mr. Koci graduated from the College of Illinois – Chicago with a B.S. in Company Administration.

Celso L. Goncalves joined Cleveland-Cliffs in 2016, and has served as Senior Vice President, Finance & Treasurer (March 2020 – Current) Vice President, Treasurer (December 2017 – March 2020) and Assistant Treasurer (September 2016 – December 2017). Prior to joining Cliffs, Mr. Goncalves worked in Expenditure Banking at Deutsche Financial institution in New York and at Jefferies in New York and São Paulo, Brazil. Mr. Goncalves attained his M.B.A. from the Tepper University of Company at Carnegie Mellon College and his B.S. from the Marshall School of Enterprise at the University of Southern California.

About Cleveland-Cliffs Inc.

Cleveland-Cliffs is the major flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest producer of iron ore pellets in North The usa. The Corporation is vertically built-in from mined raw elements and immediate minimized iron to main steelmaking and downstream finishing, stamping, tooling, and tubing. The Organization serves a varied selection of marketplaces owing to its thorough offering of flat-rolled metal solutions and is the major supplier of metal to the automotive industry in North The us. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs roughly 25,000 folks across its mining, metal and downstream manufacturing operations in the United States and Canada. For a lot more information, visit www.clevelandcliffs.com.

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