Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today
announced that its Board of Directors has elected James F. Kirsch as a
director. Mr. Kirsch also currently serves as chairman, president and
chief executive officer of Ferro Corporation (NYSE: FOE).
Joseph A. Carrabba, chairman, president and chief executive officer of
Cliffs, said: "Jim brings to our board over 25 years’ experience in
technology-based materials, with broad-based knowledge acquired from
such well-known industrial names as Ferro Corporation and The Dow
Chemical Company. He is a proven strategic leader, highly accomplished
executive and known change-agent. His insight will be extremely valuable
to our board as we continue the execution of our strategic plans.”
Mr. Kirsch, age 52, joined Ferro in 2004 as president and chief
operating officer. He became president and chief executive officer in
2005 and added responsibilities as chairman in 2006.
Prior to joining Ferro, Mr. Kirsch served as president of Premix Inc.
and Quantum Composites, manufacturers of thermoset molding compounds,
parts and sub-assemblies for the automotive, aerospace, electrical and
HVAC industries. Earlier, he served as president and a director for
Ballard Generation Systems and vice president for Ballard Power Systems
in Burnaby, British Columbia, Canada. Mr. Kirsch began his career with
The Dow Chemical Company, where he spent 19 years in positions of
increasing responsibility, including global business director of
propylene oxide and derivatives and global vice president of
electrochemicals.
"I am enthusiastic about joining Cliffs’ board and being part of the
Company’s exciting growth story,” said Mr. Kirsch. "I believe my
experience in the materials space and with industrial companies will
complement what I consider to be a very insightful and determined group
of directors.”
Mr. Kirsch received a bachelor’s degree in marketing from Ohio State
University. In addition to Cliffs, he currently serves as a member of
the board of directors of the Greater Cleveland Partnership and John
Carroll University in University Heights, Ohio.
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ABOUT CLIFFS NATURAL RESOURCES INC.
Cliffs Natural Resources Inc. is an international mining and natural
resources company. A member of the S&P 500 Index, we are the largest
producer of iron ore pellets in North America, a major supplier of
direct-shipping lump and fines iron ore out of Australia and a
significant producer of metallurgical coal. With core values of
environmental and capital stewardship, our colleagues across the globe
endeavor to provide all stakeholders operating and financial
transparency as embodied in the Global Reporting Initiative (GRI)
framework. Our Company is organized through three geographic business
units:
The North American business unit is comprised of six iron ore mines
owned or managed in Michigan, Minnesota and Canada and two coking coal
mining complexes located in West Virginia and Alabama. The Asia Pacific
business unit is comprised of two iron ore mining complexes in Western
Australia and a 45% economic interest in a coking and thermal coal mine
in Queensland, Australia. The Latin American business unit includes a
30% interest in the Amapá Project, an iron ore project in the state of
Amapá in Brazil.
Other projects under development include a biomass fuel production plant
in Michigan and Ring of Fire chromite properties in Ontario, Canada.
Over recent years, Cliffs has been executing a strategy designed to
achieve scale in the mining industry and focused on serving the world's
largest and fastest growing steel markets.
News releases and other information on the Company are available on the
Internet at: http://www.cliffsnaturalresources.com
or www.cliffsnaturalresources.com/Investors/Pages/default.aspx?b=1041&1=1.
Follow Cliffs on Twitter at: http://twitter.com/CliffsIR.
