Cleveland-Cliffs Inc

Cliffs Natural Resources Inc.

Cliffs’ executive leadership sets the Company’s strategic direction, and ensures the efficient and return-driven capital allocation mindset essential for generating true value from our mines.

Lourenco Goncalves , , , Chairman, President, and CEO

Lourenco Goncalves was appointed Chairman, President and Chief Executive Officer of Cliffs in August 2014. Since joining the company, he has implemented and has been executing a strategic initiative designed to strengthen Cliffs’ position as a major supplier of iron ore pellets to the U.S. steel industry.

Mr. Goncalves brings more than 30 years of experience in the metals and mining industries, as well as extensive Board experience, in the United States and abroad. He served as Chairman of the Board, President and Chief Executive Officer of Metals USA Holdings Corp., a leading American manufacturer and processor of steel and other metals, for over 10 years. He currently sits on the Board of the American Iron and Steel Institute, and served as a board member of Ascometal SAS, a manufacturer of special steel headquartered in Paris, France, from October 2011 to April 2014. He is also a Distinguished Member and Fellow of the Association for Iron and Steel Technology.

Prior to Metals USA, Mr. Goncalves served as President and Chief Executive Officer of California Steel Industries, Inc. from March 1998 to February 2003. From 1981 to 1998 he was employed by Companhia Siderúrgica Nacional, a leading steel and mining company in Brazil, where he held several positions in operations and sales.

Mr. Goncalves earned a Masters of Science degree in Metallurgical Engineering from the Federal University of Minas Gerais in Belo Horizonte, Brazil and a Bachelor’s degree in Metallurgical Engineering from the Military Institute of Engineering in Rio de Janeiro, Brazil.

Clifford T. Smith , , , Executive Vice President, Chief Operating Officer

Mr. Smith has oversight for the Company’s operations, commercial sales and business development. Previously, Mr. Smith was Executive Vice President, Business Development and had leadership for developing emerging business opportunities to grow Cliffs’ U.S. domestic market. As the company expands into serving the electric arc furnace (EAF) steel market, Mr. Smith will continue to have oversight for the development of the Company’s first hot briquetted iron (HBI) production plant and structuring a new business unit to support the $830 million investment, which is projected to be operational in late 2020.

Mr. Smith joined Cliffs in 2003 and has held several senior level positions with his most recent as Executive Vice President, Seaborne Iron Ore, where he had oversight for the Company’s international operations in Australia and Canada. He led exploration and development activities for the Company’s global exploration group. In addition, he served as Vice President – Latin American Operations and Technical, and General Manager – Business Development. He also had oversight for the Cliffs’ corporate functions, Government, Environmental Affairs, Energy and Public Affairs.

During his career, Mr. Smith held mine management positions with Asarco and South Peru Copper Corporation. He received a BSc in mining engineering from the South Dakota School of Mines and Technology.

Keith A. Koci , , , Executive Vice President, Chief Financial Officer

Mr. Koci has executive responsibility for Finance, Accounting, Tax, Treasury and Investor Relations.

Mr. Koci joined Cleveland Cliffs in February 2019 from Metals USA Inc., where he served most recently as its Senior Vice President and Chief Financial Officer. Prior to that role, he served as Metals USA’s Senior Vice President, Business Development from 2006 to 2013, where he was responsible for mergers and acquisitions in addition to capital investments, forecasting, and budgeting. He also held the roles of Vice President, Corporate Controller from 2004 to 2005; Director of Budgeting from 2003 to 2004; and Regional Controller of the Flat Rolled Group from 1998 to 2003. Mr. Koci played a key role in the implementation of Sarbanes Oxley requirements at Metals USA.

Mr. Koci graduated from the University of Illinois – Chicago with a Bachelor of Science in Business Administration. He has been a Certified Public Accountant since 1986.

Terry Fedor , , , Executive Vice President, Operations

Terry Fedor was appointed to the position of Executive Vice President – Operations in January 2014, and maintains leadership oversight for Mining and Pelletizing operations, as well as transportation and logistics functions, supply chain and asset management. Prior to his current position, Mr. Fedor was Vice President – Metallics for Cliffs.

He has over 25 years of experience in industrial operations, having served as Vice President and General Manager – Cleveland at ArcelorMittal with responsibility for Warren, Weirton and Monessen steel operations.

Mr. Fedor earned a bachelor’s degree in mechanical engineering from the University of Akron in Akron, Ohio and a master’s degree in business administration from John Carroll University in Cleveland, Ohio. He is a Registered Professional Engineer with the state of Ohio, and currently serves as President of the Board of Directors of the Association for Iron & Steel Technology.

Traci Forrester , , , Executive Vice President, Business Development

Traci Forrester is Executive Vice President, Business Development. She is responsible for developing new and existing opportunities in support of Cliffs’ business.

Previously, Ms. Forrester was Vice President, Deputy General Counsel & Assistant Secretary, in charge of the execution of strategic transactions and corporate governance matters, compliance with securities laws and financial reporting. She also coordinated legal services and counsel for the company. Since joining Cliffs in 2004 as Corporate Attorney, Ms. Forrester has served in various senior management positions within the Company’s legal department. She became Group Counsel, Asia Pacific Operations in 2011, and oversaw and directed legal services for that business unit in Australia. She also held the role of Assistant General Counsel, Corporate Affairs & International Operations. Before her tenure with Cliffs, Ms. Forrester held an in-house legal counsel position at ABB Inc., a multinational industrial process automation company, as a senior attorney.

Ms. Forrester earned her J.D. degree from Case Western Reserve University, and her B.A. in Philosophy from Miami University. She is a board member of the Cleveland Play House.

James Graham , , , Executive Vice President, Chief Legal Officer & Secretary

James Graham is Executive Vice President, Chief Legal Officer & Secretary of Cleveland-Cliffs Inc. He is responsible for ensuring coordinated legal services and counsel for the Company, and overseeing public reporting requirements and administration of Cliffs’ code of business conduct and ethics compliance program. He also provides direct corporate secretarial support and legal advice to the Board of Directors and its Committees. Currently, Mr. Graham is the President of the Cleveland-Cliffs Foundation.

Since joining Cliffs in 2007 as Assistant General Counsel, Mr. Graham has served in various senior management positions within the Company’s legal department. He was promoted to Vice President, General Counsel – Global Operations in 2012 and oversaw and directed legal services for the Company’s existing operations and its development projects. He has held the role of Chief Legal Officer of the Company since 2013 and was promoted to Executive Vice President in 2014. Before his tenure with Cliffs, Mr. Graham worked as an associate with the law firm of Calfee Halter & Griswold LLP where he practiced corporate finance and international commercial law. Prior to joining Calfee, he was corporate counsel at Elsag Bailey Process Automation.

Mr. Graham earned his J.D. degree from Case Western Reserve University, his M.A. in French Literature from the University of Michigan, and his B.A. degree in English and French from Hiram College. He is a member of the Hiram College Board of Trustees, and was the recipient of the college’s Alumni Lifetime Achievement Award in 2018. In 2015, Mr. Graham was admitted to the Society of Benchers at CWRU School of Law in recognition of his outstanding contribution to the profession of law and to the welfare of the Law School. Mr. Graham serves as Chair of the Advisory Board of the Foreign Graduate LL.M. Program, and on the Executive Committee for the Canada-United States Law Institute at CWRU School of Law. He is also the Vice President of the Greater Cleveland International Lawyers Group since 2008 and a Cabinet Member for the Legal Aid Society of Cleveland’s capital campaign. He serves on several non-profit boards including the Playhouse Square Foundation, the American Red Cross – Greater Cleveland Chapter, and Verb Ballets. Mr. Graham is active in fundraising for numerous arts and cultural institutions in the Cleveland area.

Maurice Harapiak , , , Executive Vice President, Human Resources and Chief Administration Officer

Maurice Harapiak is Executive Vice President, Human Resources & Chief Administration Officer. Mr. Harapiak has executive responsibility for Human Resources, IT, Communications, Environment, Safety, Government and Public Affairs functions. In 2014, Mr. Harapiak joined the Company and assumed the position of Executive Vice President, Human Resources at that time. He is responsible for overseeing Cliffs’ human resources function, including talent acquisition and development, organizational development, labor relations, compensation and benefits functions, ensuring their alignment with the Company’s business strategy. He has over 25 years of human resources experience in the project and operating environments of large, multi-national mining companies.

Prior to joining Cliffs, Mr. Harapiak worked at Barrick Gold Corporation, most recently overseeing 7,000 international employees in the Company’s largest region as Regional Director, HR – North America. During his tenure with Barrick, he provided HR leadership for capital and exploration projects, as well as work as a member of acquisition and integration teams.

Mr. Harapiak was also President of Del Mar HR Consulting Ltd, specializing in the support of mining and construction sector clients operating in N. America and internationally, and served in operational and human resources management roles for Anglo American and Echo Bay Mines Ltd. He received his bachelor’s degree in public administration/business from the University of Saskatchewan.

Terrence Mee , , , Executive Vice President – Global Commercial

Terry Mee has executive oversight for commercial sales for Cliffs’ products, including strategic customer alignment for sales of iron ore in the North American and seaborne markets. He was promoted to his current position in October 2014, after having held positions of progressively increasing responsibility since joining Cliffs in 1997 as a finance associate.

Mr. Mee earned his bachelor’s degree in economics from Ohio Wesleyan University and an MBA (Finance) from Case Western Reserve University. He also completed the Advanced Management Program at Harvard Business School.

Mr. Mee is a member of American Iron and Steel Institute, Steel Manufacturers Association and Eastern States Blast Furnace and Cokemaking Association.

200 Public Square, Suite 3300, Cleveland. OH 44114-2544 - Phone: 216-694-5700