Lourenco Goncalves

Lourenco Goncalves

Chairman, President, and Chief Executive Officer

Lourenco Goncalves has been Chairman, President and Chief Executive Officer of Cleveland-Cliffs since August 2014. He designed and led the company through a major strategic initiative transforming Cleveland-Cliffs into a leading player in the U.S. steel industry, starting with a complete financial turnaround, followed by growth initiatives in the metallics market and the entry into the steel business. In 2017, Cliffs started the construction in Toledo, Ohio of the world’s most modern Direct Reduction Plant, which started operations in November 2020. Mr. Goncalves led the acquisition of AK Steel in March 2020, followed by the acquisition of ArcelorMittal USA in December 2020. With these two major acquisitions, Cleveland-Cliffs is now the largest flat-rolled steel company and the largest iron ore pellet producer in the United States and in North America, holding an industry-leading market position in automotive steel. With the Toledo plant, Cleveland-Cliffs became the sole producer in the Great Lakes region of hot briquetted iron (HBI), an environmentally friendly metallic feedstock designed to reduce GHG emissions.

Prior to Cleveland-Cliffs, Mr. Goncalves served as Chairman of the Board, President and Chief Executive Officer of Metals USA Holdings Corp. for over 10 years. Prior to Metals USA, Mr. Goncalves served as President and Chief Executive Officer of California Steel Industries, Inc. for 5 years. Prior to that, he was employed by Companhia Siderúrgica Nacional (CSN), a major steel and mining company in Brazil, where he held several positions in operations and sales. From October 2011 to April 2014, Mr. Goncalves was a board member of Ascometal SAS, a manufacturer of special steel headquartered in Paris, France.

Mr. Goncalves serves on the Board and is Chairman of the American Iron and Steel Institute. Mr. Goncalves is a Distinguished Member and Fellow of the Association for Iron & Steel Technology (AIST). He received AIST's “Steelmaker of the Year” Award for the year 2021. Also in 2021, S&P Global Platts presented Mr. Goncalves with the “CEO/Chairperson of the Year” Global Metals Award, which honors a leader who is highly respected by both peers and competitors, admired and followed by employees, trusted by investors and welcomed by the community. Under Mr. Goncalves’ leadership, Cleveland-Cliffs was awarded by S&P Global Platts the top Global Metals Award as the “2021 Metals Company of the Year” and the “2021 Deal of the Year” Global Metals Award. Mr. Goncalves was also presented with the 2021 “Steel Advocate of the Year” Award, from Fastmarkets. In 2022, Mr. Goncalves was presented with the Willy Korf/Ken Iverson Steel Vision Award, which honors individuals who have made significant contributions to the steel industry while promoting goodwill and integrity.

Mr. Goncalves earned a Master 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.

Douglas Taylor

Douglas Taylor

Lead Director

Mr. Taylor has served as Chief Executive Officer and Co-Chief Investment Officer of Casablanca Capital LP, a hedge fund, since he co-founded it in 2010. Prior to Casablanca, Mr. Taylor was a Managing Director at Lazard Freres & Co. LLC, a leading financial advisory and asset management firm, from 2002 until 2010. From 2000 until 2001, Mr. Taylor served as a Managing Director of Dresdner Kleinwort Benson, and from 1993 until 2000, he held various positions, including Managing Director at Wasserstein Perella, a global mergers and acquisitions advisory and investment firm, which was bought by Dresdner Bank. Mr. Taylor began his investment banking career at Toronto Dominion Bank, a Canadian multinational banking and financial services corporation, where he served as Associate from 1990 until 1993.

From 2008 to 2010, Mr. Taylor was the Chief Financial Officer and director at Sapphire Industrials Corp., a blank check company formed for the purpose of effecting business combinations with one or more operating businesses.

Mr. Taylor holds a Bachelor of Arts degree in Economics from McGill University and a Master of Arts degree in International Affairs from Columbia University School of International and Public Affairs.

Mr. Taylor’s qualifications as director include his vast financial and strategic advisory and investment experience, which included advising public companies.

John T. Baldwin

John T. Baldwin

Director

From 2006 to 2013, Mr. Baldwin served as a Director and Chairman of the Audit Committee of Metals USA (NYSE: MUSA), which provides a wide range of products and services in the heavy carbon steel, flat-rolled steel, specialty metals, and building products markets. Previously, he was Senior Vice President and Chief Financial Officer of Graphic Packaging Corporation, and Vice President and Chief Financial Officer of Worthington Industries, Inc.

Prior to Worthington, Mr. Baldwin served in various financial capacities at Tenneco Inc. in both the U.S. and the U.K.. Mr. Baldwin previously served on the Board of The Genlyte Group Incorporated, where he also was Chairman of the Audit Committee. He holds a B.S. degree from the University of Houston and a J.D. from the University of Texas School of Law.

Ron Bloom

Ron Bloom

Director

Ron Bloom’s 40+ year career includes senior leadership roles with leading financial services firms, labor unions and the Federal Government.

Mr. Bloom is currently Vice-Chairman and Managing Partner at Brookfield Asset Management’s Private Equity Group. He is also a Partner at Commonweal Ventures, a venture capital firm that invests in early-stage technology companies.

Mr. Bloom served on the Board of Governors of the United States Postal Service from August 2019 through December 2021 and served as the Board’s Chair during his final year of service.

Prior to joining Brookfield, Mr. Bloom served as a Vice Chair and Managing Director at Lazard.

Prior to joining Lazard, Mr. Bloom served as Assistant to the President for Manufacturing Policy where he provided leadership on policy development and strategic planning for the Administration’s agenda to revitalize the manufacturing sector. Prior to joining the White House, he served as Senior Advisor to the Secretary of the Treasury, where he helped lead the restructuring of General Motors and Chrysler LLC.

Prior to his work for the Administration, Mr. Bloom served as a Special Assistant to the President of the United Steelworkers, where he helped lead the union’s efforts to restructure the North American steel industry.

Prior to joining the Steelworkers, Mr. Bloom was one of the founding partners of the investment banking firm of Keilin and Bloom. He also worked at Lazard, the Service Employees International Union and the Jewish Labor Committee.

Mr. Bloom received his undergraduate degree from Wesleyan University and graduated with distinction from the Harvard Graduate School of Business Administration.

Susan Green

Susan Green

Director

Susan M. Green has over three decades of experience as a law and policy advocate in the public and private sectors. Currently, she teaches constitutional law and other courses at American University and the University of Maryland. Ms. Green began her career litigating cases on behalf of employees, labor unions, and employee benefit plans in federal and state courts across the country. Thereafter, she spent three years serving as Chief Labor Counsel to the late Senator Edward M. Kennedy. In that capacity, she managed Committee hearings and Senate floor debates; prepared Committee reports on legislation; and oversaw Senate confirmation of executive nominees.

After holding high-ranking political appointments in the U.S. Department of Labor, Ms. Green spent six years as Deputy General Counsel at the U.S. Congress Office of Compliance, which enforces labor and employment laws for over 30,000 Legislative Branch employees.

Ms. Green’s community service activities include co-chairing the Schools Committee for the Harvard Club of Washington; participating as an Affiliated Researcher at the Institute for Women’s Policy Research; and serving as senior review editor for an online book review. Ms. Green received her B.A. degree from Harvard College in 1980 and graduated from Yale Law School in 1985.

Ralph Michael, III

Ralph Michael, III

Director

Mr. Michael has held executive level positions with companies in the insurance and financial sectors, including in his current capacity as Chairman, Fifth Third Bank, Greater Cincinnati Region.

Previously, Mr. Michael held various executive and management positions with Fifth Third Bank, Ohio Casualty Insurance Company, U.S. Bank and PNC Financial Services Group. His experience and background also enable him to provide valuable insights on a variety of Board oversight matters, including complex banking and financial issues.

He has gained experience and knowledge by serving on several other public company boards. These include capital markets and finance matters as a former director for FBR & Co. and energy-related issues as a former member of the board and former Lead Director of Key Energy Services, Inc.

Mr. Michael earned his Bachelor of Arts degree from Stanford University and his Master of Business Administration degree from the University of California at Los Angeles (UCLA) Graduate School of Management.

Janet Miller

Janet Miller

Director

Ms. Miller was an executive officer with University Hospitals, a nationally ranked health care system headquartered in Cleveland, Ohio, prior to her retirement in May 2019. As Chief Legal Officer, Ms. Miller was a trusted advisor to the University Hospitals parent organization, as well as its many subsidiaries, on governance, internal audit, legal and enterprise risk matters. She provided strategic, tactical and legal advice in connection with acquisitions of 5 hospital systems and their related entities. University Hospitals includes teaching hospitals, 14-wholly owned hospital locations, multiple joint ventures, affiliations and investment relationships and more than 25,000 employees. Under Ms. Miller’s leadership, UH developed state-of-the-art innovations which resulted in improved patient care and management of claims, as well as new techniques to manage corporate and regulatory matters and advance internal controls.

Prior to joining University Hospitals in 2001, Ms. Miller was a partner in the Cleveland office of Jones Day and also served as the Cleveland Office Administrative Partner for Financial Matters. Ms. Miller received her undergraduate degree in accounting from the University of Michigan and a J.D. degree from the University of Notre Dame.

Ben Oren

Ben Oren

Director

Mr. Oren brings to the Board extensive experience in the investment banking and finance industries, as well as a broad and keen understanding of complex financial, accounting and treasury matters.

He currently serves as Executive Vice President and Treasurer of Liberty Media Corporation, the owner of a portfolio of interests in media and entertainment industries; Qurate Retail, Inc., a provider of video and e-commerce services; Liberty TripAdvisor Holdings, Inc., an online travel research and online commerce business; Atlanta Braves Holdings, Inc., the indirect owner and operator of a professional baseball club; and Liberty Broadband Corporation, a company that operates and owns interests in a range of communications businesses, each since August 2020.

Mr. Oren spent the previous twenty years in various investment banking roles.  From 2011 to 2020, he was a Managing Director with Credit Suisse, a global investment bank and financial services firm, where he advised companies across multiple sectors, including Metals and Mining Companies, on a broad set of capital markets transactions.  At Credit Suisse, he was a member of the Investment Banking Committee, Corporate Insights Advisory Counsel, Capital Markets Innovation Counsel, and Americas Head of Liability Management.  

Mr. Oren holds a B.S. in Economics from the Wharton School of Business at the University of Pennsylvania.

Gabriel Stoliar

Gabriel Stoliar

Director

Mr. Stoliar brings to the Board his vast experience in and relating to the metals and mining industries along with his extensive experience serving on various boards of directors. Mr. Stoliar previously served as the Chief Financial Officer and subsequently as Executive Director of Planning and Business Development at Vale S.A., a Brazilian multinational diversified metals and mining company, from 1997 until 2008.

Mr. Stoliar currently serves as managing partner of Studio Investimentos, an asset management firm focused on Brazilian equities, where he has served since 2009. Mr. Stoliar served as Chairman of the board of directors at Tupy S.A., a foundry and casting companies, from 2009 to 2023. Mr. Stoliar has also served on the boards of directors of Knijnik Engenharia Integrada, an engineering company, and LogZ Logistica Brasil S.A., a ports logistic company, since 2013 and 2011, respectively.

Mr. Stoliar holds a Bachelor’s of Science in Industrial Engineering from the Universdade Federal do Rio de Janeiro, a post graduate degree in Production Engineering with focus in Industrial Projects and Transportation from the Universdade Federal do Rio de Janeiro and an Executive MBA from PDG-SDE/ RJ.

Arlene Yocum

Arlene Yocum

Director

Ms. Yocum brings extensive business and management experience to the Board, drawing from her career in the financial services industry and from her prior service on several other public company boards.

As former Executive Vice President and Managing Executive of Client Service, PNC Asset Management, she contributes expertise in a variety of investment and finance areas. She held key leadership roles in PNC's investment management and wealth management businesses. During the course of her career at PNC, she led several business units, as well as held strategic planning roles. Her experience also includes regulatory, risk management and compliance matters. Ms. Yocum has also served on, and assumed leadership roles with, multiple other public and private company boards of directors, including the board of Glenmede Trust Company, the board of AK Steel and the board of Key Energy where she chaired the Audit Committee.

Her community service activites include serving on the board of the Community College of Philadelphia Foundation. She is a member of the National Association of Corporate Directors (NACD) and Vice Chair of NACD Philadelphia Chapter, and a member of Women Corporate Directors.

Ms. Yocum earned her Bachelor of Arts degree from Dickinson College and her Juris Doctor degree from Villanova School of Law.