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Cliffs Natural Resources Inc Announces the Appointment of New President

Friday, 25 Oct 2013 08:00am EDT 

Cliffs Natural Resources Inc announced that its Board of Directors has appointed Gary B. Halverson, to the newly created position of President and Chief Operating Officer, effective November 18, 2013. In addition, he will be serving as a director on Cliffs' Board. With the addition of Mr. Halverson and the previously announced retirement of Joseph Carrabba, Cliffs' Board will be comprised of a total of 11 directors. In addition, Joseph Carrabba will retire as President and Chief Executive Officer CEO, and will also step down as a director of Cliffs' Board effective at the close of business on November 15, 2013. Cliffs' Board also announced that James Kirsch, Non-Executive Chairman of the Board, has been elected Executive Chairman of the Board, effective November 18, 2013.