---
schema_version: "secwatch.filing_event.v1"
accession: "0000764065-26-000102"
form_type: "8-K"
ticker: "CLF"
cik: "0000764065"
company_name: "CLEVELAND-CLIFFS INC."
filed_at: "2026-07-24T20:37:55+00:00"
generated_at: "2026-07-24T20:39:08.030382+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Cleveland-Cliffs appoints Celso Goncalves President and Board member; Lourenco Goncalves remains CEO/Chairman

## Summary
- Celso Goncalves, previously EVP & CFO, appointed President and CFO effective July 21, 2026; also joins Board.
- Lourenco Goncalves continues as Chairman and CEO but no longer holds President title.
- Base salary increased from $884,000 to $1,000,000; change-in-control severance multiple extended from 2 to 3 years.
- Celso Goncalves is son of Lourenco Goncalves; no other material arrangements.

## SEC filing metadata
- accession: 0000764065-26-000102
- form_type: 8-K
- ticker: CLF
- cik: 0000764065
- company_name: CLEVELAND-CLIFFS INC.
- filed_at: 2026-07-24T20:37:55+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764065/000076406526000102/0000764065-26-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764065/000076406526000102/clf-20260721.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000764065-26-000102
- JSON: https://secwatch.observer/filing/0000764065-26-000102.json
- Plain text: https://secwatch.observer/filing/0000764065-26-000102.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.