PR Newswire/Les Echos/
Cliffs Natural Resources Board Elects New Director
Timothy W. Sullivan to Join Company's Board
CLEVELAND, Dec. 3, 2012 -- Cliffs Natural Resources Inc. (NYSE: CLF)
(Paris: CLF) announced today that its Board of Directors has elected Timothy
W. Sullivan, 59, executive advisor of CCMP Capital Advisors LLC and former
president and chief executive officer of Bucyrus International Inc. to Cliffs
Board. The appointment is effective Jan. 1, 2013. With the addition of Mr.
Sullivan, Cliffs' Board will be comprised of a total of 11 directors.
(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )
Joseph Carrabba, Cliffs' chairman, president and chief executive officer, said:
"I am pleased with the appointment of Tim to Cliffs' Board. His background and
in-depth understanding of the global mining industry will be extremely
beneficial to our board as we continue to execute our strategic growth plans in
a challenging economic environment. Tim's understanding of the importance of
capital allocation will only add to his contributions to our business."
Mr. Sullivan began his business career in the mining industry when he joined
Bucyrus, a global designer and manufacturer of mining equipment, in 1976 where
he spent 19 years in positions of increasing managerial responsibility for the
company. He was named vice president of sales and marketing in 1995. Mr.
Sullivan was later promoted to executive vice president before pursuing an
opportunity outside of Bucyrus when in 1999 he joined United Container as
president and chief executive officer. Within a year he was recruited back to
Bucyrus as president, a position he held f rom 2000 to 2004, where he
successfully transformed the company's financial position. In 2004,
Mr. Sullivan was named president, chief executive officer and a director of the
company, a role he held until 2011 when Bucyrus was acquired. Mr. Sullivan
recently joined CCMP Capital Advisors LLC in 2012, a private equity firm after
a 34 year career with Bucyrus International Inc.
Mr. Sullivan received a Master of Business Administration from American
University and a Bachelor of Science from Carroll University. Currently, he
serves as director for Generac Holdings Inc., Aurora Health Care Inc., and The
Northwestern Mutual Life Insurance Company. Currently, he is a special
consultant to the Wisconsin Governor and also the chairman of the Wisconsin
Governor's Council for Workforce Investment, Council for College and Workforce
Readiness. He is a past director for the National Mining Association.
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, the Company is a major global iron ore
producer and a significant producer of high- and low-volatile metallurgical
coal. Cliffs' strategy is to continually achieve greater scale and
diversification in the mining industry through a focus on serving the world's
largest and fastest growing steel markets. Driven by the core values of social,
environmental and capital stewardship, Cliffs associates across the globe
endeavor to provide all stakeholders operating and financial transparency.
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.
News releases and other information on the Company are available on the
SOURCE Cliffs Natural Resources Inc.
CONTACT: Jessica Moran, Director, Investor Relations, +1-216-694-6532 or
Patricia Persico, Director, Global Communications, +1-216-694-5316
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-0- Dec/04/2012 07:29 GMT
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