Goncalves leads Cliffs after proxy fight

Aug 07, 2014 | 03:32 PM | Thorsten Schier

Tags  Cliffs Natural Resources, Lourenco Goncalves, executive appointment, Casablanca Capital, James F. Kirsch, Gary B. Halverson, Metals USA Holdings, Reliance Steel and Aluminum California Steel Industries

NEW YORK — Lourenco Goncalves has been appointed chairman, president and chief executive officer of Cliffs Natural Resources Inc. following a lengthy proxy battle between the iron ore mining company and hedge fund Casablanca Capital LP.

"I am honored by the opportunity to lead Cliffs into its next chapter, with a keen focus on improving performance and restoring shareholder value," Goncalves said in a statement Aug. 7. "Cliffs has a unique position of strength in iron ore in the Great....

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