Cleveland-Cliffs appointed Celso L. Goncalves Jr. as President and Chief Financial Officer, and added him to the Board, while Lourenco Goncalves will continue as Chairman and Chief Executive Officer but will no longer hold the title of President.
| IndividualCelso L. Goncalves Jr. | RolePresident and Chief Financial Officer; Board member | Type of ChangeAppointed | Effective DateJuly 21, 2026 | ReasonBoard appointment; company reorganization of titles | Replacement InfoLourenco Goncalves will no longer hold the title of President; will continue as Chairman and Chief Executive Officer | Background DetailsAge 38; EVP and Chief Financial Officer since 2021; with company since 2016; prior investment banking roles at Deutsche Bank and Jefferies | Board/Committee Role ChangesAppointed as Board member; no additional committee changes disclosed | Compensation ChangesBase salary increased from $884,000 to $1,000,000; change in control severance continuation multiple increased from two years to three years (effective July 21, 2026) |
Original SEC Filing:
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