chairman, president and chief executive officer
Cleveland-Cliffs Inc., Cleveland, Ohio, USA
Lourenco Goncalves was appointed chairman, president and chief executive officer (CEO) of Cleveland-Cliffs Inc. 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 player in the U.S. steel industry. In 2020, the company will enter a new era as it begins production of customized hot briquetted iron (HBI) units for the electric arc furnace steel industry when its new US$1 billion HBI Toledo plant starts up and completes the acquisition of AK Steel. Prior to Cliffs, he served as chairman of the board, president and CEO of Metals USA Holdings Corp. for over 10 years. Prior to Metals USA, Goncalves served as president and CEO of California Steel Industries Inc. from 1998 to 2003. Prior to that, he was employed by Companhia Siderúrgica Nacional, where he held several positions in operations and sales. Goncalves served as a board member of Ascometal SAS from 2011 to 2014. He currently serves on the board of the American Iron and Steel Institute. Goncalves is a Distinguished Member and Fellow of AIST. In 2019, he was the recipient of the Crain’s C-Suite CEO award for his contributions, community commitments and outstanding professional performances in northeast Ohio. Goncalves earned a M.S. degree in metallurgical engineering from the Federal University of Minas Gerais and a bachelor’s degree in metallurgical engineering from the Military Institute of Engineering in Rio de Janeiro, Brazil.