Cleveland-Cliffs Management
Management criteria checks 2/4
Cleveland-Cliffs' CEO is C. Goncalves, appointed in Aug 2014, has a tenure of 9.67 years. total yearly compensation is $26.18M, comprised of 8.1% salary and 91.9% bonuses, including company stock and options. directly owns 1.06% of the company’s shares, worth €84.35M. The average tenure of the management team and the board of directors is 3.3 years and 9.6 years respectively.
Key information
C. Goncalves
Chief executive officer
US$26.2m
Total compensation
CEO salary percentage | 8.1% |
CEO tenure | 9.7yrs |
CEO ownership | 1.1% |
Management average tenure | 3.3yrs |
Board average tenure | 9.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Mar 31 2024 | n/a | n/a | US$389m |
Dec 31 2023 | US$26m | US$2m | US$398m |
Sep 30 2023 | n/a | n/a | US$337m |
Jun 30 2023 | n/a | n/a | US$226m |
Mar 31 2023 | n/a | n/a | US$474m |
Dec 31 2022 | US$18m | US$2m | US$1b |
Sep 30 2022 | n/a | n/a | US$2b |
Jun 30 2022 | n/a | n/a | US$4b |
Mar 31 2022 | n/a | n/a | US$4b |
Dec 31 2021 | US$24m | US$2m | US$3b |
Sep 30 2021 | n/a | n/a | US$2b |
Jun 30 2021 | n/a | n/a | US$743m |
Mar 31 2021 | n/a | n/a | -US$33m |
Dec 31 2020 | US$19m | US$2m | -US$123m |
Sep 30 2020 | n/a | n/a | -US$122m |
Jun 30 2020 | n/a | n/a | -US$20m |
Mar 31 2020 | n/a | n/a | US$264m |
Dec 31 2019 | US$16m | US$1m | US$295m |
Sep 30 2019 | n/a | n/a | US$855m |
Jun 30 2019 | n/a | n/a | US$963m |
Mar 31 2019 | n/a | n/a | US$1b |
Dec 31 2018 | US$15m | US$1m | US$1b |
Sep 30 2018 | n/a | n/a | US$749m |
Jun 30 2018 | n/a | n/a | US$572m |
Mar 31 2018 | n/a | n/a | US$428m |
Dec 31 2017 | US$24m | US$1m | US$365m |
Compensation vs Market: C.'s total compensation ($USD26.18M) is above average for companies of similar size in the German market ($USD3.42M).
Compensation vs Earnings: C.'s compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
C. Goncalves (65 yo)
9.7yrs
Tenure
US$26,183,928
Compensation
Mr. C. Lourenco Goncalves has been the Chairman, Chief Executive Officer and President at Cleveland-Cliffs Inc. since August 07, 2014. Mr. Goncalves has experience in the metals and mining industries, as w...
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Chairman | 9.7yrs | US$26.18m | 1.06% $ 84.4m | |
Executive VP & CFO | 2.6yrs | US$5.74m | 0.028% $ 2.2m | |
Executive VP | 11.1yrs | US$5.38m | 0.084% $ 6.7m | |
Executive VP & President of Cleveland-Cliffs Steel | 2.6yrs | US$7.81m | 0.12% $ 9.7m | |
Executive VP & President of Cleveland-Cliffs Services | 2.6yrs | US$5.90m | 0.060% $ 4.8m | |
Executive Vice President of Operations | 1.5yrs | US$4.03m | 0.098% $ 7.8m | |
Senior VP | 4yrs | no data | 0.0061% $ 488.0k | |
Executive Vice President of Technology | 1.7yrs | no data | no data | |
Vice President of Investor Relations | no data | no data | no data | |
Director of Corporate Communications | 11.9yrs | no data | no data | |
Executive Vice President of Environmental & Sustainability | 4.9yrs | no data | 0.029% $ 2.3m |
3.3yrs
Average Tenure
57.5yo
Average Age
Experienced Management: CVA's management team is considered experienced (3.3 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Chairman | 9.8yrs | US$26.18m | 1.06% $ 84.4m | |
Independent Director | 4.1yrs | US$301.49k | 0.029% $ 2.3m | |
Independent Director | 4.1yrs | US$316.49k | 0.038% $ 3.0m | |
Independent Director | 9.6yrs | US$329.99k | 0.024% $ 1.9m | |
Independent Director | 9.8yrs | US$299.99k | 0.054% $ 4.3m | |
Independent Director | 4.1yrs | US$299.99k | 0.022% $ 1.7m | |
Independent Director | 17.3yrs | US$299.99k | 0.021% $ 1.6m | |
Lead Independent Director | 9.8yrs | US$407.50k | 0.029% $ 2.3m | |
Independent Director | 9.8yrs | US$295.00k | 0.040% $ 3.2m | |
Independent Director | 5.3yrs | US$299.99k | 0.021% $ 1.7m | |
Director | less than a year | no data | 0.0073% $ 583.3k |
9.6yrs
Average Tenure
67yo
Average Age
Experienced Board: CVA's board of directors are considered experienced (9.6 years average tenure).