Lourenco Goncalves Now Chairman, President and CEO of Cliffs

Cliffs Natural Resources Inc. (NYSE:CLF) announced that its board of directors has elected Lourenco Goncalves to the positions of chairman, president and CEO.

He will be replacing former chairman Jim Kirsch and former CEO Gary Halverson.

Goncalves said:

I am honored by the opportunity to lead Cliffs into its next chapter, with a keen focus on improving performance and restoring shareholder value. Cliffs has a unique position of strength in iron ore in the Great Lakes region, many valuable assets in other sectors elsewhere in the US and around the world, and talented employees at all levels of the company.  I look forward to working closely with all of my fellow Directors to refocus Cliffs on a new strategic path that builds on those strengths, and I am grateful to my fellow shareholders for the vote of confidence they have placed in us.  While there is much to be done and many challenges ahead of us, there is also much promise. I can assure all of our stakeholders we are hitting the ground running.

Click here to read the full Cliffs Natural Resources Inc. (NYSE:CLF) press release.