Cleveland-Cliffs Appoints Ron Bloom to its Board of Directors
03 Janeiro 2024 - 3:17PM
Business Wire
Cleveland-Cliffs (NYSE: CLF) announced today that it has
appointed renowned private equity executive, labor and political
advisor Ron Bloom to its Board of Directors, effective immediately.
With the addition of Mr. Bloom, the Cleveland-Cliffs’ Board of
Directors is now comprised of eleven members, of which ten are
independent directors.
After graduating with Distinction from the Harvard Business
School, Ron Bloom started his career as an investment banker at
Lazard, a firm he later re-joined as Vice Chairman, U.S. Investment
Banking. After his first tenure at Lazard, Mr. Bloom represented
the interests of organized labor, including serving as Special
Assistant to the President of the United Steelworkers (USW) from
1996 to 2009. In 2002, Mr. Bloom played an active role in the sale
of the assets of LTV Steel and Bethlehem Steel to the International
Steel Group (ISG), whose assets are now part of Cleveland-Cliffs.
Mr. Bloom was also a key player when the USW successfully used the
Union’s successorship rights in their Basic Labor Agreement to
block the sale of Wheeling-Pittsburgh Steel to a foreign buyer in
2007.
Beginning in 2009, Mr. Bloom served in a number of roles within
the Obama, Trump and Biden administrations, including Senior
Advisor to the Secretary of the Treasury on President Obama's Task
Force on the Automotive Industry from 2009 to 2011, where he helped
lead the reorganizations of both General Motors and Chrysler.
During 2012, he served as Assistant to the President for
Manufacturing Policy, where he provided leadership on policy
development and strategic planning for the Administration’s agenda
to revitalize the manufacturing sector. He was later appointed to
the USPS Board of Governors, a position he held from 2019 to 2021,
which included the position of Chairman of the Board.
Mr. Bloom is currently a Managing Partner and Vice Chair in
Brookfield Asset Management’s Private Equity Group, responsible for
investment origination, execution and oversight across North
America and a Partner at Commonweal Ventures, a venture capital
firm that invests in early-stage technology companies.
Lourenco Goncalves, Cliffs' Chairman, President, and CEO said:
“We are honored to welcome Ron Bloom to our Board of Directors.
Ron’s distinguished career represents the Cleveland-Cliffs culture
perfectly, which includes fierce negotiating skills, fighting for
the resilience of American manufacturing, and a deep appreciation
for organized labor and a thriving middle class. We have recently
seen a case of stunning disrespect to the wishes of labor in our
industry, and Ron Bloom being on our Board will ensure that all
stakeholders have a voice. Ron’s track record at Lazard and
Brookfield has also displayed an amazing ability to generate
immense value creation, which he will bring to bear on behalf of
our shareholders as a member of our Board.”
Mr. Bloom will join the Governance & Nominating and Strategy
& Sustainability Committees of the Cleveland-Cliffs’ Board. Mr.
Bloom holds a Master of Business Administration degree from Harvard
Business School and a bachelor’s degree from Wesleyan
University.
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, direct
reduced iron, and ferrous scrap to primary steelmaking and
downstream finishing, stamping, tooling, and tubing.
Cleveland-Cliffs is the largest supplier of steel to the automotive
industry in North America and serves a diverse range of other
markets due to its comprehensive offering of flat-rolled steel
products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs
employs approximately 27,000 people across its operations in the
United States and Canada.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240103910717/en/
MEDIA CONTACT: Patricia Persico Senior Director,
Corporate Communications (216) 694-5316
INVESTOR CONTACT: James Kerr Manager, Investor Relations
(216) 694-7719
Cleveland Cliffs (NYSE:CLF)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Cleveland Cliffs (NYSE:CLF)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024