Cliffs Natural Resources reshuffles top management

Cliffs Natural Resources (NYSE: CLF) (Paris: CLF), a major producer of both iron ore and metallurgical coal, said Sept. 13 that it had some new executive management appointments that are effective Oct. 1.

Joseph Carrabba, Cliffs’ chairman, president and CEO, said, “I believe these changes reposition our senior team toward our most critical current and future business requirements. As we transition Cliffs’ strategic focus from M&A activities to executing organic growth projects, these executive changes will drive excellence in project execution, ensure operational stability and provide for a more disciplined approach to capital allocation and cost management.”

Reporting directly to Carrabba, Cliffs’ management appointments to its executive leadership team include these individuals:

  • Laurie Brlas will be the new Executive Vice President & President – Global Operations. Brlas, formerly Cliffs’ executive vice president, finance and administration and chief financial officer, has operating responsibility for all minerals and other products that Cliffs produces. Brlas replaces Duncan Price, who will be retiring from the company effective Oct. 1. Brlas will build on her strength of disciplined large-scale project management and allow for prudent capital allocation and cost management particularly essential in the global economy, Cliffs noted. Her new role will cover all mining operations in the company’s global portfolio of controlled iron ore and coal interests as well as leading emerging operating assets including projects in iron ore and ferrochrome. Those coal interests are mines in southern West Virginia and Alabama.
  • P. Kelly Tompkins is Executive Vice President, Legal, Government Affairs and Sustainability, Chief Legal Officer & President, Cliffs China.
  • Terrance Paradie is being promoted to Senior Vice President & Chief Financial Officer.
  • Steven Raguz is Senior Vice President, Corporate Strategy and Communications & Chief Strategy Officer. Raguz, formerly senior vice president – corporate strategy and treasurer, will lead the company’s strategy development and define long-term strategic priorities.
  • James Michaud is being promoted to Senior Vice President, Human Resources & Chief Human Resource Officer.

In addition to the above management appointments, the following senior leaders will remain key contributors on the company’s executive leadership team:

  • Don Gallagher, Executive Vice President & President, Global Commercial; and
  • Cliff Smith, Senior Vice President, Global Business Development.

With the transition of Raguz into his new role, Matthew Bittner will now be Vice President & Treasurer. Bittner, formerly assistant treasurer, will report to Terry Paradie and will maintain responsibility for developing corporate treasury and capital market strategies, international treasury and cash management, including corporate investments and debt origination.

A member of the S&P 500 Index, Cliffs is a major global iron ore producer and a significant producer of high- and low-vol metallurgical coal. The company is organized through a global commercial group responsible for sales and delivery of Cliffs products and a global operations group responsible for the production of the minerals the company markets. Cliffs operates iron ore and coal mines in North America and two iron ore mining complexes in Western Australia. In addition, Cliffs has a major chromite project, in the feasibility stage of development, located in Ontario, Canada.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.