Cleveland-Cliffs Management
Management criteria checks 3/4
Cleveland-Cliffs' CEO is C. Goncalves, appointed in Aug 2014, has a tenure of 10.67 years. total yearly compensation is $15.25M, comprised of 14.4% salary and 85.6% bonuses, including company stock and options. directly owns 1.06% of the company’s shares, worth $36.58M. The average tenure of the management team and the board of directors is 3.8 years and 7.8 years respectively.
Key information
C. Goncalves
Chief executive officer
US$15.2m
Total compensation
| CEO salary percentage | 14.4% |
| CEO tenure | 10.7yrs |
| CEO ownership | 1.1% |
| Management average tenure | 3.8yrs |
| Board average tenure | 7.8yrs |
Recent management updates
Recent updates
Cleveland-Cliffs: Even Tariffs Don't Seem To Help
Apr 16Investors Continue Waiting On Sidelines For Cleveland-Cliffs Inc. (NYSE:CLF)
Mar 27
Cleveland-Cliffs: No Panic, A Rebound May Be Near
Mar 14Analyst Estimates: Here's What Brokers Think Of Cleveland-Cliffs Inc. (NYSE:CLF) After Its Full-Year Report
Feb 27Cleveland-Cliffs Could Be At The Beginning Of A Major Pricing Upcycle
Feb 26Cleveland-Cliffs: Trump Tariffs Likely To Boost Results
Feb 11Cleveland-Cliffs: Don't Bite Off More Than You Can Chew
Feb 01These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Jan 06Trump, Tariffs, And Turnarounds: Why Cleveland-Cliffs Is A Top Pick For 2025
Dec 10There's No Escaping Cleveland-Cliffs Inc.'s (NYSE:CLF) Muted Revenues
Nov 27Cleveland-Cliffs Falls On Q3 Earnings - A Gift For Long-Term Buyers
Nov 06Cleveland-Cliffs: The American Steel Industry Is In An Economic Depression
Oct 26Cleveland-Cliffs: There's No Sign Of A Turnaround
Oct 08Cleveland-Cliffs (NYSE:CLF) Takes On Some Risk With Its Use Of Debt
Oct 05Cleveland-Cliffs: Things Are Getting From Bad To Worse
Sep 23Cleveland-Cliffs: Cyclical And Pointing Down - Where Would It Be Bullish?
Sep 03
Effective Cost Management And Tactical Expansion Set To Fuel Growth Amid Market Challenges
Aug 28 Effective cost management and operational efficiency are bolstering cash flow and net margins, indicating resilience against down cycle pricing.The Steel Industry's Best-Kept Secret: Cleveland-Cliffs
Aug 18Cleveland-Cliffs' Acquisition Of Stelco: Surprise M&A Enhances The Story
Jul 16Earnings Tell The Story For Cleveland-Cliffs Inc. (NYSE:CLF)
Jul 14Cleveland-Cliffs Q2 2024 Earnings: Short-Term Tailwinds, But Not A Buy Yet
Jul 09Cleveland-Cliffs: Buy The Dip, Challenges Are Likely Temporary
Jul 01These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Jun 26Are Investors Undervaluing Cleveland-Cliffs Inc. (NYSE:CLF) By 45%?
Jun 07Cleveland-Cliffs Looks Solid On The Dip
May 28Cleveland-Cliffs Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 26Cleveland-Cliffs Is A Long-Term Growth Strategy
Apr 25Cleveland-Cliffs Q1 2024 Earnings: Capital Allocation And Costs Are In The Spotlight
Apr 18Cleveland-Cliffs Will Prevail, Whatever Happens
Apr 02Cleveland-Cliffs Inc.'s (NYSE:CLF) P/E Still Appears To Be Reasonable
Apr 01These 4 Measures Indicate That Cleveland-Cliffs (NYSE:CLF) Is Using Debt Extensively
Mar 17Why Cleveland-Cliffs Stock Is Poised To Go Higher
Mar 16An Intrinsic Calculation For Cleveland-Cliffs Inc. (NYSE:CLF) Suggests It's 48% Undervalued
Mar 01Cleveland-Cliffs: A 'Trump Trade' With Significant Upside Potential
Feb 27Cleveland-Cliffs' (NYSE:CLF) Soft Earnings Are Actually Better Than They Appear
Feb 15CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | US$15m | US$2m | -US$754m |
| Sep 30 2024 | n/a | n/a | -US$461m |
| Jun 30 2024 | n/a | n/a | US$44m |
| 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$1b |
Compensation vs Market: C.'s total compensation ($USD15.25M) is above average for companies of similar size in the US market ($USD7.54M).
Compensation vs Earnings: C.'s compensation has been consistent with company performance over the past year.
CEO
C. Goncalves (66 yo)
10.7yrs
Tenure
US$15,248,897
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 | 10.7yrs | US$15.25m | 1.06% $ 36.6m | |
| Executive VP & CFO | 3.6yrs | US$4.49m | 0.035% $ 1.2m | |
| Executive VP & COO | 1yr | US$4.77m | 0.12% $ 4.3m | |
| Executive VP | 10.4yrs | US$3.50m | 0.086% $ 3.0m | |
| Executive VP & President of Cleveland-Cliffs Services | 3.6yrs | US$3.95m | 0.066% $ 2.3m | |
| Senior VP | 5yrs | no data | 0.0069% $ 239.2k | |
| Senior Director of Corporate Communications | 12.9yrs | no data | no data | |
| Executive VP of Human Resources & Labor Relations | 1.3yrs | no data | no data | |
| Executive Vice President of Operations | no data | US$4.03m | 0.097% $ 3.3m | |
| Executive Vice President of Strategic Development | no data | no data | no data | |
| Executive Vice President of Environmental & Sustainability | 3.9yrs | no data | 0.030% $ 1.0m | |
| Executive Vice President of Government Relations | less than a year | no data | no data |
3.8yrs
Average Tenure
58.5yo
Average Age
Experienced Management: CLF's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 10.8yrs | US$15.25m | 1.06% $ 36.6m | |
| Independent Director | 5.1yrs | US$316.49k | 0.040% $ 1.4m | |
| Independent Director | 10.6yrs | US$329.99k | 0.027% $ 931.2k | |
| Independent Director | 10.8yrs | US$299.99k | 0.053% $ 1.8m | |
| Independent Director | 5.1yrs | US$299.99k | 0.021% $ 716.9k | |
| Independent Director | 18.3yrs | US$299.99k | 0.020% $ 684.7k | |
| Lead Independent Director | 10.8yrs | US$419.99k | 0.020% $ 702.7k | |
| Independent Director | less than a year | no data | 0.0050% $ 171.4k | |
| Independent Director | 1.3yrs | US$343.60k | 0.015% $ 511.9k | |
| Independent Director | less than a year | US$231.95k | 0.0029% $ 98.9k |
7.8yrs
Average Tenure
66yo
Average Age
Experienced Board: CLF's board of directors are considered experienced (7.8 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/22 17:44 |
| End of Day Share Price | 2025/04/22 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Cleveland-Cliffs Inc. is covered by 41 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ishan Majumdar | Baptista Research |
| Tony Robson | BMO Capital Markets Equity Research |
| Tristan Gresser | BNP Paribas Exane |