Cleveland-Cliffs (CLF) Soars 8% on New Board Member

We recently published Market Beaters: 10 Stocks Defying the Odds. Cleveland-Cliffs Inc. (NYSE:CLF) is one of the best-performing stocks on Wednesday.

Cleveland-Cliffs ended two straight days of losses on Wednesday, jumping 8.14 percent to close at $11.03 apiece as investors welcomed the addition of a key leader from a global advisory firm executive to its board of directors.

In a statement, Cleveland-Cliffs Inc. (NYSE:CLF) said it appointed Edilson Camara to its Board of Directors, effective immediately. He will serve on the Board’s Compensation and Organization Committee to support the company’s talent, governance, and global industrial strategy.

Camara is currently the CEO Emeritus of Egon Zehnder, a top global executive search and leadership advisory firm, and a senior partner in the firm’s industrial practice group.

“Ed’s global industrial perspective and deep experience in senior leadership and talent frameworks align exceptionally well with Cleveland-Cliffs’ strategic priorities,” said Cleveland-Cliffs Inc. (NYSE:CLF) Chairman, President, and CEO Lourenco Goncalves.

“His ability to navigate complex industrial environments and develop high-performing leadership teams will be a tremendous asset to our Board and our shareholders,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.