Cleveland-Cliffs names CFO Celso Goncalves president and CFO, adds him to board
Cleveland-Cliffs' Board appointed Executive Vice President and CFO Celso Goncalves as President and CFO, effective immediately, and added him to the Board. Chairman and CEO Lourenco Goncalves keeps his CEO role but gives up the title of President. Celso Goncalves is Lourenco Goncalves' son, and his base salary rises to $1,000,000 from $884,000.
Key points
- Celso Goncalves named President and Chief Financial Officer effective July 21, 2026, and appointed to the Board
- Lourenco Goncalves remains Chairman and CEO and no longer holds the title of President
- Base salary increased from $884,000 to $1,000,000; change-in-control severance continuation period raised from two to three years
- Celso Goncalves is the son of Chairman and CEO Lourenco Goncalves
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.