People: Great Northern Iron Ore Properties (GNI)

GNI on New York Consolidated

18.82USD
22 Oct 2014
Price Change (% chg)

$-0.29 (-1.52%)
Prev Close
$19.11
Open
$18.90
Day's High
$19.28
Day's Low
$18.82
Volume
20,758
Avg. Vol
38,512
52-wk High
$75.49
52-wk Low
$16.80

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Summary

Name Age Since Current Position

Joseph Micallef

80 Chairman of the Board of Trustees, President of the Trustees, Chief Executive Officer

Thomas Janochoski

55 Chief Financial Officer, Vice President, Secretary

Roger Staehle

80 1982 Independent Trustee

Robert Stein

75 1982 Independent Trustee

James Swearingen

70 2009 Independent Trustee

Biographies

Name Description

Joseph Micallef

Mr. Joseph S. Micallef is Chairman of the Board of Trustees, President of the Trustees, Chief Executive Officer of Great Northern Iron Ore Properties. Mr. Micallef has been a Trustee since 1976 and the President of the Trustees since 1999. Pursuant to the Trust Agreement, the President of the Trustees (aka Chairman of the Board) is also defined as the “active manager and executive officer in carrying on the business devolving on the trustees” (aka Chief Executive Officer). Mr. Micallef is a 1962 graduate of William Mitchell College of Law. His principal occupation for over 25 years was that of President and Chief Executive Officer of Fiduciary Counselling, Inc., whose principal business is to provide accounting, tax and investment services to individuals, trusts, partnerships, holding companies and foundations. He also serves on the William Mitchell College of Law Board of Directors as of 2009. Mr. Micallef is recognized for his considerable experience with trusts, estate planning and charitable foundations, and service on a number of foundation boards.

Thomas Janochoski

Mr. Thomas A. Janochoski is Chief Financial Officer, Vice President, Secretary of Great Northern Iron Ore Properties. He has also served as Director and President, Iron Ore Lessors Association Inc. He has been the Vice President & Secretary, Chief Financial Officer, Great Northern Iron Ore Properties; Director and President, Iron Ore Lessors Association Inc.

Roger Staehle

Dr. Roger W. Staehle is an Independent Trustee of Great Northern Iron Ore Properties. Dr. Staehle has been a Trustee since 1982. He was the Dean of the Institute of Technology at the University of Minnesota from 1979 to 1983 as well as Professor of Chemical Engineering and Materials Science from 1979 to 1987. He is now an Adjunct Professor in that department. Prior to the University of Minnesota, he was Professor of Metallurgical Engineering at Ohio State University from 1965 to 1979. His specialty is in the degradation and prediction of materials especially in nuclear energy applications. He was elected to the National Academy of Engineering in 1978 and is a Fellow of three technical societies. In addition, he was the International Nickel Professor of Corrosion Science and Engineering at Ohio State University. He is also an editor of over 20 books in his field.

Robert Stein

Mr. Robert A. Stein is an Independent Trustee of Great Northern Iron Ore Properties. Mr. Stein has been a Trustee since 1982. He was the Dean of the Law School of the University of Minnesota from 1979 to 1994, though he has been affiliated with the Law School since 1964. Beginning in 1994 and until October 2006, he also served as Executive Director and Chief Operating Officer of the American Bar Association. He now holds the Everett Fraser Professor of Law position with the Law School at the University of Minnesota. His legal career has concentrated on estates, trusts, property law, estate planning and fiduciary obligations. Mr. Stein is recognized as an authority on trusts and trust law and has authored numerous publications on these topics. He also serves as the Trust’s Audit Committee Chairman.

James Swearingen

Mr. James E. Swearingen is an Independent Trustee of Great Northern Iron Ore Properties. Mr. Swearingen was the Director, PolyMet Mining Corporation until July 2010; - Chief Financial Officer, PolyMet Mining Corporation until December 2007. Mr. Swearingen has been a Trustee since 2009. Mr. Swearingen formerly managed the mining operation in North America, which is U.S. Steel’s Minntac taconite facility in northeastern Minnesota on the Mesabi Iron Range, serving as General Manager of its Minnesota Ore Operations. He has also previously served as the co-chair on the Governor’s Committee on Minnesota’s Mining Future, as a director of the Iron Mining Association of Minnesota, as a director of the American Iron Ore Association, as a director of PolyMet Mining Corporation, and as a consultant in the mining industry. He is currently an advisor to the University of Minnesota’s Natural Resource Research Institute. Mr. Swearingen is recognized for his considerable experience in the taconite mining industry. His mining management background provides the Trust with useful insight regarding mining operations, mining leases and overall mining and steel industry perspectives.

Basic Compensation

Name Fiscal Year Total

Joseph Micallef

300,000

Thomas Janochoski

209,240

Roger Staehle

--

Robert Stein

--

James Swearingen

--
As Of 30 Dec 2013

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