Cleveland-Cliffs Inc. Announces Lead Director Resignation and New Appointments

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announced that Douglas C. Taylor, the Lead Director of the Board, has resigned, effective immediately. Taylor's resignation was not due to any disagreement with the company. In response, the Board appointed Ralph S. Michael, III as the new Lead Director and Edilson T. Camara as the Chairman of the Compensation and Organization Committee. The company thanks Taylor for his service and contributions.

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About Cleveland-Cliffs Inc.

Cleveland-Cliffs Inc. is a leading integrated producer of flat-rolled steel products in North America. The company operates through a robust supply chain that spans a wide range of steel manufacturing processes, including mining, pelletizing, and direct reduced iron production. As a major supplier of steel to various industries, Cleveland-Cliffs serves critical sectors such as automotive, construction, and manufacturing, providing essential materials used in the production of vehicles, appliances, and infrastructure projects. Founded in 1847, Cleveland-Cliffs has evolved from a small iron mining operation into a comprehensive steel powerhouse, reflecting its importance to the U.S. economy and robust industrial base. The firm's strategic acquisitions and production capabilities enhance its position in the market, allowing it to reduce reliance on third-party suppliers and maintain greater control over the quality of its steel products. Cleveland-Cliffs stands out in the financial market due to its significant impact on raw material supply chains and its role in supporting industrial growth and development across North America.