Cleveland-Cliffs and Lourenco Goncalves Awarded Top Honors at S&P Global Platts 2021 Global Metals Ceremony
October 15 2021 - 6:00AM
Business Wire
- Lourenco Goncalves Named CEO/Chairperson of the Year
- Company also awarded Metals Company of the Year and the Deal of
the Year
Cleveland-Cliffs Inc. (NYSE: CLF) announced today it took
top honors in three categories at the Annual S&P Global Platts
Global Metals Award ceremony in London, England on October 14.
Lourenco Goncalves was awarded CEO/Chairperson of the Year.
Cleveland-Cliffs was named Metals Company of the Year and the
company received the Deal of the Year award.
Lourenco Goncalves, Chairman, President and CEO, said, “It is a
tremendous honor to be selected and recognized by S&P Global
Platts in the worldwide metals industry within three significant
award categories. 2020 was a transformative and extraordinary year
for Cleveland-Cliffs with the acquisitions of two major steel
companies and the start up of our state-of-the-art direct reduction
plant. I am pleased that the judges recognized our outstanding
results and milestones achieved by our organization during an
unprecedented year across the entire world.”
Mr. Goncalves added: “It is especially a great honor and
recognition to be named CEO/Chairperson of the Year among my
industry peers. It is my distinct privilege to lead
Cleveland-Cliffs and to provide the strategic vision and
decision-making necessary to evolve the company into the powerhouse
that it is today. This is a new era for Cleveland-Cliffs as we have
increased our annual revenues from $2 billion in 2019, to $5
billion in 2020, to an expected $21 billion dollars in 2021. This
remarkable transformation was made possible by the support,
enthusiasm and hard work of our executive team and our 25,000
employees across the company.”
S&P Global Platts’ CEO/Chairperson of the Year Award honors
a leader who is highly respected by both peers and competitors,
admired and followed by employees, trusted by investors and
welcomed by the community. This award recognizes an individual who
has taken decisive action when required, and who has best adapted
to market shifts by balancing long-term growth with short-term
challenges.
In selecting the Metals Company of the Year, the S&P Global
Platts’ Global Metals Award judges do not take nominations as they
select a company for all-around excellence in executing a total
metals strategy. The range and extent of a company's activities—its
diversity, scope, technological innovation, and environmental
concern—are pivotal factors, as are the traditional values of
concern for the end user and efficiency. Particular attention is
paid to each company's commitment to sustainability. The winner of
the Metals Company of the Year stands above all others.
The Deal of the Year Award recognizes the significance and
success of asset buyouts, joint ventures, strategic company
alliances or full company mergers or acquisitions, as well as
strategic spin-offs that strengthened organizations.
About Cleveland-Cliffs Inc.
Cleveland-Cliffs is the largest flat-rolled steel producer in
North America. Founded in 1847 as a mine operator, Cliffs also is
the largest manufacturer of iron ore pellets in North America. The
Company is vertically integrated from mined raw materials and
direct reduced iron to primary steelmaking and downstream
finishing, stamping, tooling, and tubing. The Company serves a
diverse range of markets due to its comprehensive offering of
flat-rolled steel products and is the largest supplier of steel to
the automotive industry in North America. Headquartered in
Cleveland, Ohio, Cleveland-Cliffs employs approximately 25,000
people across its mining, steel and downstream manufacturing
operations in the United States and Canada. For more information,
visit www.clevelandcliffs.com.
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