abc
QUICK LINKS:

New CEO of Cliffs Posts Message About Company

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.

www.cliffsnaturalresources.com

Front Page

  • Duluth School District Legal Battle Comes Before Federal Judge

    The legal battle against the Duluth School District came before a federal magistrate Friday in St. Paul. The judge oversaw settlement talks in the lawsuit school board member Art Johnston brought against the district and fellow board members....

  • Better News for Keetac: 175 Staying on for Maintenance During Shutdown

    Keewatin Taconite is in the process of shutting down production. And all 412 employees were put on notice they could be laid off. But the plan is to keep about 175 on for maintenance projects.

  • Emergency Response Safety Expo at Proctor School

    Lake Superior College Fire Tech Faculty, Proctor Police and Fire Departments, and representatives from the US Army and the Air National Guard hosted a safety expo at Proctor High School Friday morning. Officials were on hand to give demonstrations and show off some of the equipment used to students. Some students ran through a firefighting obstacle course that included a high-rise hose pack carry and a dummy drag.

  • Darryl Franklin Bowser, 32, is suspected of firing shots at a car in Duluth's Central Hillside neighborhood Thursday afternoon.  Police are asking for tips from the public to arrest Bowser on a possible charge of second-degree assault. Suspect Sought in Duluth Shots Fired Incident

    The Duluth Police Department is asking for public tips to help find a man suspected of firing shots in the Central Hillside neighborhood on Thursday afternoon. Police say they have probable cause to believe Darryl Franklin Bowser, 32, is the person who shot at a car.

  • Smoke continued to rise from a home in South Range, Wis., hours after the fire began Friday. Fire Destroys South Range Home

    Fire destroyed a home in the South Range area near Superior on Friday morning.  Smoke continued to rise from the hours after the fire began.  No one was injured.

 
Advertisement