UPDATE: Nomura Securities Upgrades Cliffs Natural Resources (CLF) to Buy; Iron Ore Bottoms, Catalysts Rise

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Cliffs Natural (CLF) Appoints Terrance Paradie as CFO, Other Promotions Made

September 13, 2012 9:08 AM EDT

Cliffs Natural Resources Inc. (NYSE: CLF) announced executive management appointments effective Oct. 1, 2012.

Laurie Brlas is named Executive Vice President & President Global Operations. Ms. Brlas, formerly Cliffs' executive vice president, finance and administration & chief financial officer, has operating responsibility for all minerals and other products that Cliffs produces. Ms. Brlas replaces Duncan P. Price, who will be retiring from the Company effective Oct. 1, 2012.

Ms. Brlas will build on her strength of disciplined large-scale project management and allow for prudent capital allocation and cost management particularly... More