Updated: 08/11/2014 10:14 PM
Created: 08/11/2014 2:27 PM WDIO.com
After a shakeup of the Board of Directors of Cliffs Natural Resources, the new CEO has come out with a message about the company.
Lourenco Goncalves' introduction was posted on the Cliffs website on Friday. It says, "Cliffs has tremendous inherent value, and I am truly excited that the shareholders have emphatically demonstrated that they agree with me."
"Our strategy going forward is crystal clear. Our domestic operations in iron ore are the bedrock of this Company. We will continue to enhance them and, together with the men and women working hard at the mine sites, we will make the business stronger, resilient, and more profitable."
Steelworker leadership out at the international convention in Las Vegas this week told Eyewitness News over the phone that it's nice to hear Goncalves supports the domestic industry, and that they have a meeting with him next month.
Cliffs owns or manages three of the six mines in the Northland: United Taconite, Hibbing Taconite, and Northshore Mining.
Hibtac union president Frank Jenko said that some of the workers had been feeling a sense of uncertainty. But from his perspective, this is a management change, and that management will be looking to be more efficient. "I don't see a lot of changes on our end," Jenko said over the phone.
According to his bio, Goncalves has leadership experience as a CEO from other companies, like Metal USA Holdings Corp and California Steel Industries.
He was the choice of Casablanca Capital, one of Cliffs' larger shareholders and an investment group, to lead Cliffs. Once Casablanca was able to gain control of the board of directors through a shareholder vote late in July, the choice of Goncalves seemed inevitable. The Board voted to name him CEO late last week. Immediate past CEO Gary Halvorsen has retained his seat on the board.
Prettner Solon Won't Run for Duluth Mayor, Endorses Larson
Former Lt. Gov. Yvonne Prettner Solon announced Tuesday that she will not run for Duluth mayor this November, and is instead endorsing City Council President Emily Larson for the office.
Dayton Orders End to Moose Collaring
Weeks before researchers were poised to put tracking collars on newborn moose calves, Gov. Mark Dayton has ordered the DNR to stop the practice immediately. This was to have been the third year of a study into why the moose population is declining.
Rioting Follows Baltimore Funeral, Governor Declares Emergency
The governor of Maryland has declared a state of emergency and activated the National Guard to help with the violence and rioting in Baltimore. An attorney for the family of Freddie Gray says they are in shock watching the violence.
Consulting Firms Present New Ideas for Lake Superior Zoo
Two consulting firms presented concrete ideas for the financially struggling Lake Superior Zoo for the first time Monday.
University System President Addresses UMD Budget Concerns
There are still many questions at UMD as looming budget cuts hang heavy over faculty, staff and students. University of Minnesota System President John Kaler was at UMD on Monday hoping to ease some of those concerns