Cliffs Natural Resources Announces Board of Director Retirement
Francis McAllister to Retire from the Company's Board
CLEVELAND, June 12, 2013
CLEVELAND, June 12, 2013 /PRNewswire/ --Cliffs Natural Resources Inc. (NYSE:
CLF) (Paris: CLF) announced today that Francis McAllister, lead director, has
elected to retire from the Company's board of directors effective immediately.
Mr. McAllister has served on Cliffs' board since 1996.
"Frank's leadership and his many years of service on the board have been
invaluable," Joseph Carrabba, Cliffs' chairman, president and chief executive
officer said. "Frank's industry knowledge and commitment to sustainable mining
have been a tremendous asset to Cliffs. His experience, sage advice and
diplomatic skills enhanced the quality of our Board deliberations; his
presence in the Board room will be missed."
Mr. McAllister announced his retirement from Stillwater Mining as the
company's chief executive officer, earlier this month. Stillwater Mining,
based in Billings, MT, is the only U.S. producer of palladium and platinum.
The company is the largest primary producer of platinum group metals outside
of South Africa and the Russian Federation.
The Board of Directors further announced that it had elected James F. Kirsch,
former chairman, president and chief executive officer of Ferro Corporation,
to be its lead director coinciding with its July 2013 Board meeting. Mr.
Kirsch was elected to the Cliffs board of directors in 2010 and currently,
serves on two board committees, Compensation and Organization, and Governance
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
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 an iron ore mining
complex 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
Internet at: http://www.cliffsnaturalresources.com
SOURCE Cliffs Natural Resources Inc.
Contact: Jessica Moran, Director, Investor Relations, (216) 694-6532; Patricia
Persico, Director, Global Communications, (216) 694-5316
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