Cliffs announces retirement of CEO and other executive changes

Wednesday, 10 July 2013 01:20:54 (GMT+3)   |   San Diego
       

Cleveland, Ohio-based Cliffs Natural Resources Inc. announced Tuesday that Joseph Carrabba has informed the Board of Directors of his plans to retire as the company's president and chief executive officer by Dec. 31, 2013. James Kirsch, who currently serves on Cliffs' Board as lead director, has been elected non-executive chairman of the Board, effectively immediately, replacing Carrabba as chairman.

Carrabba will continue to serve as president and CEO and a director of the company until a successor has been elected, after which point he will also step down from the Board. Cliffs' Board has retained an executive search firm, Heidrick & Struggles, to help identify candidates to lead the company. To facilitate the transition, Cliffs has formed an Office of the Chairman, led by Kirsch. The company also announced today that Laurie Brlas has retired as executive vice president and president, global operations, and is leaving the company, effective immediately.

Cliffs also said that its Board of Directors has elected Mark E. Gaumond, 62, former Senior Vice Chair - Americas of Ernst & Young, as a new director. The appointment is effective July 8, 2013. With the addition of Gaumond, Cliffs' Board will be comprised of a total of 10 directors.


Similar articles

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Ukraine’s ArcelorMittal Kryvyi Rih posts lower pig iron output due to Russia’s attacks on energy infrastructure

21 Mar | Steel News

CISA: Coking coal purchase cost in China down 11.21 percent in January

29 Feb | Steel News

CISA: Coking coal purchase cost in China down 18.75 percent in 2023

31 Jan | Steel News

CISA: Coking coal purchase cost in China up 2.03 percent in November

29 Dec | Steel News

CISA: Coking coal purchase cost in China up 8.35% in Oct from Sept

29 Nov | Steel News

CISA: Coking coal purchase cost in China down 20.31% in January-August

28 Sep | Steel News

CISA: Coking coal purchase cost in China up 24.91 percent in 2022

03 Feb | Steel News

CISA: Coking coal purchase cost in China up 38.08 percent in Jan-Oct

29 Nov | Steel News

CISA: Coking coal and and met coke purchase costs decline in August

29 Sep | Steel News