CLEVELAND, April 2, 2015 /PRNewswire/ -- Cliffs Natural
Resources Inc. (NYSE: CLF) announced today that it has named
its current Executive Vice President of Business Development,
P. Kelly Tompkins as the Company's
new Executive Vice President & Chief Financial Officer
effective April 1, 2015. Mr.
Tompkins will replace Terrance
Paradie, who announced his resignation to pursue an
opportunity with another company. Simultaneously with Mr.
Tompkins's appointment as CFO, the Company's current Executive Vice
President, Seaborne Iron Ore, Clifford
Smith has been named Executive Vice President, Business
Development. The position previously occupied by Mr. Smith has been
eliminated.
Lourenco Goncalves, Cliffs'
Chairman, President and Chief Executive Officer, stated, "Kelly has
been working closely with me since last August to shape the
Company's strategy, and I have come to value the breadth and depth
of his professional experience, as well as his dedication to Cliffs
and to our employees. I am extremely pleased that Kelly has
accepted the role of Chief Financial Officer, and believe that this
senior executive change is happening at the right time." Mr.
Goncalves added: "I wish the best to Terry
Paradie in his future endeavors, and look forward to working
with a smaller executive team, sharply focused on our core US Iron
Ore business, with Kelly Tompkins
leading our financial team, and with Cliff
Smith leading our business development efforts and our
remaining seaborne business."
Since joining Cliffs Natural Resources Inc. in May 2010, Mr. Tompkins has held many executive
officer and senior leadership positions. He brings several years of
public company financial experience to his new role and has been
involved with numerous debt and equity financings; M&A
activity; participated in a management led leveraged buy-out; and
initial public offerings and a hostile tender offer. At Cliffs, he
served in executive vice president roles in business development,
commercial, legal and government affairs. He also was Chief
Administrative Officer and President of Cliffs China for the
Company. Prior to joining the organization, Mr. Tompkins served as
Executive Vice President and Chief Financial Officer of RPM
International Inc., a NYSE-listed, global specialty chemical
company from June 2008 to
May 2010. He also served as RPM's
Chief Administrative Officer and Senior Vice President and General
Counsel. Earlier in his career, Mr. Tompkins held various legal,
management and investor relations positions with Reliance Electric
Company and Exxon Corporation.
Prior to Mr. Smith's new appointment, he held the role of
Executive Vice President, Seaborne Iron Ore, where he had oversight
for the Company's international operations in Australia and Canada. Mr. Smith joined Cliffs in 2003,
holding several senior level positions, including global
responsibility for operations and business development. He also led
the exploration and development activities of the Company's global
exploration group. In addition, Mr. Smith previously served as Vice
President, Latin American operations and technical, and General
Manager of business development for Cliffs. Prior to joining
Cliffs, Mr. Smith held mine management positions with Asarco and
South Peru Copper Corporation.
First-Quarter 2015 Earnings Release and Conference Call
Information
Separately, Cliffs Natural Resources announced
today that it will host its first-quarter earnings' conference call
to be held on Wednesday, April 29,
2015 at 10 a.m. EDT, to review
its quarterly financial results. The Company's financial results
will be released after the U.S. market close on Tuesday, April 28, 2015. The press release, and
its accompanying financial exhibits, will also be available on the
Company website prior to the conference call. The call will be
hosted by Lourenco Goncalves,
Chairman, President and Chief Executive Officer and Kelly Tompkins, Executive Vice President, Chief
Financial Officer. Interested parties can listen to the live
broadcast of a conference call with securities analysts and
institutional investors via the Company's website:
www.cliffsnaturalresources.com
About Cliffs Natural Resources Inc.
Cliffs Natural
Resources Inc. is a leading mining and natural resources company in
the United States. The Company is
a major supplier of iron ore pellets to the North American steel
industry from its mines and pellet plants located in Michigan and Minnesota. Cliffs also operates an iron ore
mining complex in Western
Australia. Additionally, Cliffs produces low-volatile
metallurgical coal in the U.S. from its mines located in
Alabama and West Virginia. Driven by the core values of
safety, social, environmental and capital stewardship, Cliffs'
employees endeavor to provide all stakeholders operating and
financial transparency. News releases and other information on the
Company are available at:
http://www.cliffsnaturalresources.com.
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SOURCE Cliffs Natural Resources Inc.