Janice K. Henry Joins Board at Cliffs Natural Resources
09/04/2009 - Cliffs Natural Resources Inc. announces that Janice K. Henry, former Senior Vice President and Chief Financial Officer of Martin Marietta Materials, Inc., was elected to Cliffs’ Board of Directors.
Cliffs Natural Resources Inc. announced that Janice K. Henry, former Senior Vice President and Chief Financial Officer of Martin Marietta Materials, Inc., was elected to Cliffs’ Board of Directors.
Henry, 58, retired from Martin Marietta in June 2006. She currently serves on the Board of Directors of North American Galvanizing & Coatings, Inc. and previously served on the board of Inco Ltd., now known as Vale Inco, a wholly owned subsidiary of the second largest mining company in the world, Vale of Brazil.
“Janice brings to our board over 20 years of experience in basic materials, most recently as CFO at Martin Marietta, where she played a key leadership role in the company’s IPO process and establishment of the firm’s financial disciplines as a public company,” said Joseph A. Carrabba, Chairman, President, and CEO of Cliffs. “While there, she gained crucial experience in capital structure management, acquisition negotiations, and financial integration, all of which will prove invaluable as Cliffs continues the execution of its strategic plans.”
“Cliffs has one of the most exciting and dynamic stories in the mining and natural resources industry today,” said Henry. “I am enthusiastic about joining the company’s board and look forward to working closely with Joe and the rest of the team in delivering long-term shareholder value.”
Cliffs Natural Resources is an international mining and natural resources company. It is the largest producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia and a significant producer of metallurgical coal. The company’s North American business unit comprises six iron ore mines owned or managed in Michigan, Minnesota, and Eastern Canada, and two coking coal mining complexes located in West Virginia and Alabama. The Asia Pacific business unit comprises two iron ore mining complexes in Western Australia and a 45% economic interest in a coking and thermal coal mine in Queensland, Australia. The South American business unit includes a 30% interest in the Amapá Project, an iron ore project in the state of Amapá in Brazil.
