Cleveland-Cliffs promotes three executives; Goncalves named CFO effective Sept 1

CLEVELAND-CLIFFS INC.

Clifford Smith promoted to EVP & President, Cleveland-Cliffs Steel; Keith Koci to EVP & President, Cleveland-Cliffs Services; Celso Goncalves to EVP, CFO.
Koci will lead scrap recycling expansion under new Cleveland-Cliffs Services division.
Goncalves (son of CEO) receives $550k base salary, 100% target cash incentive, 200% LTI target.
Board grants conflict-of-interest waiver for Goncalves due to familial relationship with CEO.
All promotions effective September 1, 2021.

item 5.02 item 5.05 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Celso L. Goncalves Jr.

Executive Vice President, Chief Financial Officer

CLF · CLEVELAND-CLIFFS INC.

Effective: 2021-09-01
Filed: August 30, 2021, 7:59 PM ET

On August 27, 2021, the Board of Directors of Cleveland-Cliffs Inc. (the “Company”) elected Celso L. Goncalves Jr., age 33, as Executive Vice President, Chief Financial Officer of the Company, effective September 1, 2021.

Role change

Keith A. Koci

Executive Vice President & President, Cleveland-Cliffs Services

CLF · CLEVELAND-CLIFFS INC.

Effective: 2021-09-01
Filed: August 30, 2021, 7:59 PM ET

On August 27, 2021, the Board of the Directors of the Company elected Keith A. Koci, age 56, as Executive Vice President & President, Cleveland-Cliffs Services, effective September 1, 2021.

Role change

Clifford T. Smith

Executive Vice President & President, Cleveland-Cliffs Steel

CLF · CLEVELAND-CLIFFS INC.

Effective: 2021-09-01
Filed: August 30, 2021, 7:59 PM ET

On August 27, 2021, the Board of the Directors of the Company elected Clifford T. Smith, age 61, as Executive Vice President & President, Cleveland-Cliffs Steel, effective September 1, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Celso L. Goncalves Jr. was elected as Executive Vice President, Chief Financial Officer at CLEVELAND-CLIFFS INC..

Action: elected
Role: Executive Vice President, Chief Financial Officer

Exact text from the filing

On August 27, 2021, the Board of Directors of Cleveland-Cliffs Inc. (the “Company”) elected Celso L. Goncalves Jr., age 33, as Executive Vice President, Chief Financial Officer of the Company, effective September 1, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Keith A. Koci was elected as Executive Vice President & President, Cleveland-Cliffs Services at CLEVELAND-CLIFFS INC..

Action: elected
Role: Executive Vice President & President, Cleveland-Cliffs Services

Exact text from the filing

On August 27, 2021, the Board of the Directors of the Company elected Keith A. Koci, age 56, as Executive Vice President & President, Cleveland-Cliffs Services, effective September 1, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Clifford T. Smith was elected as Executive Vice President & President, Cleveland-Cliffs Steel at CLEVELAND-CLIFFS INC..

Action: elected
Role: Executive Vice President & President, Cleveland-Cliffs Steel

Exact text from the filing

On August 27, 2021, the Board of the Directors of the Company elected Clifford T. Smith, age 61, as Executive Vice President & President, Cleveland-Cliffs Steel, effective September 1, 2021.

View on SEC.gov

CLEVELAND-CLIFFS INC. filing history →

Source: SEC EDGAR

accession 0000764065-21-000191

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