Cliffs Natural Resources announces executive leadership promotions

Cliffs Natural Resources Inc. announced the following executive leadership promotions, effective January 1, 2017.

P. Kelly Tompkins was named Executive Vice President & Chief Operating Officer. Tompkins, currently Executive Vice President & Chief Financial Officer, will oversee the U.S. Iron Ore and Asia Pacific Iron Ore Operations, as well as the Commercial and Business Development functions.

Timothy K. Flanagan was named Executive Vice President, Chief Financial Officer & Treasurer. Flanagan, currently Vice President, Corporate Controller, Treasurer and Chief Accounting Officer, will assume executive responsibility for Finance, Accounting, Tax, Treasury and Investor Relations.

Lourenco Goncalves, Chairman of the Board, President and Chief Executive Officer said: “Even with the considerable progress we have made in our turnaround, I still have plenty of work to do as CEO of Cliffs for the next several years. In order to ensure that our critical objectives are accomplished, I am very pleased to announce the promotions of Kelly Tompkins to COO and Tim Flanagan to CFO. Since the very beginning of my tenure as CEO of Cliffs, Kelly has been my number two executive and right-hand man. His promotion to COO is a formal recognition of the major role he has played, and will continue to play, within our organization.

Goncalves added, “Over the course of the two-and-a-half years I have been running Cliffs, Tim Flanagan has proven himself as a knowledgeable and reliable leader within our finance department. As we continue to improve our financial results and execute complex transactions, I feel fortunate that I will have Tim working directly with me for the next several years.”

Kelly Tompkins joined Cliffs in May 2010, having previously been Executive Vice President and Chief Financial Officer for RPM International Inc., a NYSE-listed, global specialty chemical company. Before joining RPM in 1996, he held various legal and management positions with Cleveland-based Reliance Electric Company and Exxon Corporation in Houston, Texas.Tompkins received his B.A. degree from Mercyhurst College and his J.D. degree from Cleveland-Marshall College of Law. Before serving as Executive Vice President and Chief Financial Officer at Cliffs, he served in executive vice president roles in business development, commercial, legal and government affairs.

Tim Flanagan has held a variety of financial leadership roles since joining Cliffs in 2008, most recently responsible for the accounting, reporting, treasury and financial planning and analysis functions. He also previously served as the Assistant Controller and Director of Internal Audit. Prior to his tenure at Cliffs, Flanagan spent eight years providing external audit and consulting services to large public multinational companies across a number of disciplines, including accounting, internal audit and risk management while employed at Arthur Andersen and Protiviti, respectively. He has a B.S. in accounting from the University of Dayton and is a Certified Public Accountant licensed in Ohio.

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