Lourenco Goncalves - Cleveland Cliffs Chairman

CLF Stock  MXN 251.11  1.11  0.44%   

Chairman

Mr. Lourenco Celso Goncalves is Chairman of the Board, President, Chief Executive Officer of the Company. Mr. Goncalves was Chairman, President and Chief Executive Officer of Metals USA Holdings Corporationration, an American manufacturer and processor of steel and other metals from May 2006 through April 2013 President, Chief Executive Officer and a director of Metals USA Inc. from February 2003 through April 2006. Prior to Metals USA, Mr. Goncalves served as President and Chief Executive Officer of California Steel Industries, Inc. from March 1998 to February 2003. Mr. Goncalves earned a Bachelor degree in Metallurgical Engineering from the Military Institute of Engineering in Rio de Janeiro, Brazil and a Masters of Science degree in Metallurgical Engineering from the Federal University of Minas Gerais in Belo Horizonte, Brazil. Mr. Goncalves was most recently recognized as a Distinguished Member and Fellow by the Association for Iron Steel Technology. since 2014.
Age 65
Tenure 10 years
Phone216 694 5700
Webhttps://www.clevelandcliffs.com
Goncalves earned a Masters of Science degree in Metallurgical Engineering from the Federal University of Minas Gerais in Belo Horizonte, Brazil and a Bachelor degree in Metallurgical Engineering from the Military Institute of Engineering in Rio de Janeiro, Brazil. Chairman of the Board, President and Chief Executive Officer of the Company since August 2014; chairman, president and chief executive officer of Metals USA Holdings Corporationrationration, an American manufacturer and processor of steel and other metals from May 2006 through April 2013; president, chief executive officer and a director of Metals USA Inc. from February 2003 through April 2006. Prior to Metals USA, Mr. Goncalves served as president and chief executive officer of California Steel Industries, Inc. from March 1998 to February 2003.

Lourenco Goncalves Latest Insider Activity

Tracking and analyzing the buying and selling activities of Lourenco Goncalves against Cleveland Cliffs stock is an integral part of due diligence when investing in Cleveland Cliffs. Lourenco Goncalves insider activity provides valuable insight into whether Cleveland Cliffs is net buyers or sellers over its current business cycle. Note, Cleveland Cliffs insiders must abide by specific rules, including filing SEC forms every time they buy or sell Cleveland Cliffs'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

Cleveland Cliffs Management Efficiency

The company has return on total asset (ROA) of 0.1171 % which means that it generated a profit of $0.1171 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.4285 %, meaning that it generated $0.4285 on every $100 dollars invested by stockholders. Cleveland Cliffs' management efficiency ratios could be used to measure how well Cleveland Cliffs manages its routine affairs as well as how well it operates its assets and liabilities.
Cleveland Cliffs has accumulated 4.25 B in total debt with debt to equity ratio (D/E) of 797.4, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Cleveland Cliffs has a current ratio of 2.8, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Cleveland Cliffs until it has trouble settling it off, either with new capital or with free cash flow. So, Cleveland Cliffs' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cleveland Cliffs sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cleveland to invest in growth at high rates of return. When we think about Cleveland Cliffs' use of debt, we should always consider it together with cash and equity.

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Cleveland-Cliffs Inc. operates as an iron ore mining company in the United States, Canada, and internationally. Cleveland-Cliffs Inc. was founded in 1847 and is headquartered in Cleveland, Ohio. Cleveland Cliffs operates under Industrial Metals Minerals classification in Mexico and is traded on Mexico Stock Exchange. It employs 2926 people. Cleveland Cliffs (CLF) is traded on Mexican Exchange in Mexico and employs 27,000 people.

Management Performance

Cleveland Cliffs Leadership Team

Elected by the shareholders, the Cleveland Cliffs' board of directors comprises two types of representatives: Cleveland Cliffs inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cleveland. The board's role is to monitor Cleveland Cliffs' management team and ensure that shareholders' interests are well served. Cleveland Cliffs' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cleveland Cliffs' outside directors are responsible for providing unbiased perspectives on the board's policies.
Paul Finan, IR Contact Officer
Kimberly Floriani, Corp VP
Lourenco Goncalves, Chairman of the Board and Presidentident, CEO, principal executive officer
Clifford Smith, Senior Vice President - Global Business Development
Keith Koci, CFO, Executive Vice President
Wendell Carter, Ex Technology
Terry Fedor, Executive Vice President - United States Iron Ore
Patricia Persico, Director Communications
James Graham, Executive Vice President Secretary, Chief Legal Officer
Celso Goncalves, Ex CFO

Cleveland Stock Performance Indicators

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