Cliffs Natural Resources Inc. Board Elects New Director
Stephen M. Johnson to Join Company's Board
CLEVELAND, Sept. 30, 2013
CLEVELAND, Sept. 30, 2013 /PRNewswire/ --Cliffs Natural Resources Inc. (NYSE:
CLF) (Paris: CLF) announced today that its Board of Directors has elected
Stephen M. Johnson, 62, chairman, president and chief executive officer of
McDermott International, Inc. to Cliffs Board. The appointment is effective
Oct. 1, 2013. He will be a member of the Board's Audit Committee and the
Governance and Nominating Committee. With the addition of Mr. Johnson, Cliffs'
Board will be comprised of a total of 11 directors.
(Logo: http://photos.prnewswire.com/prnh/20101104/CLIFFSLOGO )
James Kirsch, Cliffs' chairman of the Board, said, "I am pleased that Steve is
joining Cliffs' Board. He is a proven leader and brings forth exceptional
experience with large international construction projects. Steve's strategic
counsel will be important to our board as we execute future expansion and
Mr. Johnson began his engineering career in the construction industry when he
joined Fluor Corporation, an international engineering, procurement,
construction, maintenance (EPCM), and project management firm in 1973. He
spent nearly a decade working on major oil and gas projects in various project
management leadership roles. By 1989, Mr. Johnson was appointed director of
project operations whereby he was responsible for overseeing several major
international projects in the energy, chemicals, and commercial construction
sectors. Over the next decade, he held several senior executive positions
which involved leading a business operation in Alaska, a new business role for
its infrastructure business, and corporate senior vice president responsible
for global development, marketing and strategic planning.
In 2001, Mr. Johnson joined Washington Group International as senior executive
vice president and had oversight for six business units. He worked closely
with the company's board of directors on business development and strategic
issues. He was instrumental in turning around the business that was
In early 2009, Mr. Johnson joined McDermott International, Inc. as its
president and chief operating officer. In 2010, he was promoted to his current
role as president and executive officer, and assumed the chairman of the Board
role in May 2011. In 2010, the company spun off Babcock & Wilcox to its
shareholders. Today, Mr. Johnson leads the $3.6 billion engineering,
procurement, construction and marine installation business that is focused on
executing complex offshore oil and gas projects worldwide. McDermott
International, Inc. operates in 20 countries with 14,000 employees.
Mr. Johnson received a Bachelor of Science in Engineering from Texas A&M
University. He previously served as Chairman of the Engineering &
Construction Industry Risk Institute (ECRI). ECRI is an international
industry group focused on the management of risk on capital projects.
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
Follow Cliffs on Twitter at: http://twitter.com/CliffsNR
SOURCE Cliffs Natural Resources Inc.
Contact: INVESTOR RELATIONS AND GLOBAL COMMUNICATIONS CONTACTS: Jessica Moran,
Director, Investor Relations, (216) 694-6532; Patricia Persico, Director,
Global Communications, (216) 694-5316
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