Cleveland-Cliffs Announces Govt Administration Promotions

CLEVELAND, August 30, 2021–(Business enterprise WIRE)–Cleveland-Cliffs Inc. (NYSE: CLF) these days introduced the advertising of three crucial leaders at the govt amount, successful September 1, 2021. The announcement arrives as Cliffs seeks to broaden its by now robust uncooked substance portfolio by increasing its scrap recycling presence, an activity that will tumble underneath a recently made division named Cleveland-Cliffs Products and services. The ongoing steel business stays inside of Cleveland-Cliffs Metal, an by now existing Cleveland-Cliffs Inc.’s division.

  • Clifford T. Smith, currently EVP, Chief Operating Officer, has been promoted to EVP & President, Cleveland-Cliffs Metal. He will keep on to direct operations and commercial for all business segments including Steelmaking, Tooling and Stamping, and Tubular Elements.

  • Keith A. Koci, at this time EVP, Chief Monetary Officer, has been promoted to EVP & President, Cleveland-Cliffs Providers. He will presume company accountability for procurement, logistics, IT, and scrap recycling. He will guide the growth of Cliffs’ uncooked product portfolio, with a major emphasis on increasing Cliffs’ presence in the domestic scrap recycling current market.

  • Celso L. Goncalves, at the moment SVP, Finance & Treasurer, has been promoted to EVP, Chief Fiscal Officer. He will direct the financial organization for Cleveland-Cliffs Inc., assuming govt obligation for Finance, Accounting, Tax, Treasury and Trader Relations. He will also continue to lead essential strategic corporate and enterprise development initiatives.

All 3 folks will report directly to Lourenco Goncalves, Cleveland-Cliffs Inc. Chairman, President and CEO, who said, “Today’s announcement represents the development of the perfect management composition for our lately remodeled corporation going ahead, with promotions to the 3 members of my core crew. Cliff Smith, Keith Koci and Celso Goncalves have been crucial contributors to our extraordinary transformation around the past two a long time, and I will rely on them to continue to execute on our strategic aims. I program to be in this seat for the lengthy term, and the collaboration of these three executives and their work with me are paramount to the ongoing success of our corporation.”

Mr. Goncalves included, “First, Cliff has been and will continue on to be my second in command at Cleveland-Cliffs, and the achievements of the integration of our two big acquisitions speaks to his efficient leadership. 2nd, in this new period of steel decarbonization, scrap will develop into important metallic, and Keith’s deep track record in M&A makes him the best human being to guide this enterprise. And at last, via his productive job both of those in investment banking and below at Cliffs major our capital composition transformation initiatives, Celso has perfected the competencies I want in a CFO at this time.”

Govt Biographies

Clifford T. Smith joined Cleveland-Cliffs in 2003, and has served as Govt Vice President, Main Functioning Officer (January 2019 – current) and Government Vice President, Business Progress (April 2015 – January 2019). Prior to these roles, he has also held many senior management positions which includes oversight of Seaborne Iron Ore, Latin American Operations and Cliffs Michigan Operations. Prior to joining Cliffs, Mr. Smith held mine management positions with Asarco, Southern Peru Copper Corporation, and Amax Coal. He obtained a B.S. in mining engineering from the South Dakota University of Mines and Technologies.

Keith A. Koci joined Cleveland-Cliffs in 2019, and has served as Government Vice President, Main Economical Officer for his overall tenure. Prior to joining Cliffs, Mr. Koci served most a short while ago as Senior Vice President and Main Economical Officer for Metals United states of america. He also previously held the roles of Senior Vice President, Company Improvement Vice President, Corporate Controller Director of Budgeting and Regional Controller for Metals United states of america. Mr. Koci graduated from the College of Illinois – Chicago with a B.S. in Enterprise Administration.

Celso L. Goncalves joined Cleveland-Cliffs in 2016, and has served as Senior Vice President, Finance & Treasurer (March 2020 – Existing) Vice President, Treasurer (December 2017 – March 2020) and Assistant Treasurer (September 2016 – December 2017). Prior to becoming a member of Cliffs, Mr. Goncalves labored in Investment Banking at Deutsche Bank in New York and at Jefferies in New York and São Paulo, Brazil. Mr. Goncalves acquired his M.B.A. from the Tepper University of Company at Carnegie Mellon University and his B.S. from the Marshall University of Business at the University of Southern California.

About Cleveland-Cliffs Inc.

Cleveland-Cliffs is the biggest flat-rolled steel producer in North The usa. Established in 1847 as a mine operator, Cliffs also is the greatest maker of iron ore pellets in North The usa. The Corporation is vertically built-in from mined raw products and immediate lessened iron to primary steelmaking and downstream ending, stamping, tooling, and tubing. The Corporation serves a various range of markets due to its in depth offering of flat-rolled steel merchandise and is the premier supplier of metal to the automotive market in North The us. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs somewhere around 25,000 individuals throughout its mining, metal and downstream producing operations in the United States and Canada. For more information and facts, take a look at www.clevelandcliffs.com.

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(216) 694-654