William Calfee, Executive Vice President, Commercial

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CLEVELAND, Feb. 8, 2011 /PRNewswire/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced that William Calfee, executive vice president, commercial, North American Iron Ore, will retire effective July 1, 2011. The Company said Mr. Calfee will assume a one year consultancy role with Cliffs after his retirement.





"We are grateful to Bill for his leadership in the organization over the past 39 years," said Joseph Carrabba, Cliffs' chairman, president and chief executive officer. "Bill's selfless dedication and commitment to Cliffs over the course of the years is unique in today's business environment. Bill has accomplished a great deal during his tenure, including being instrumental in our transition from primarily a North American mine management company to an international diversified mining and natural resources company."


Mr. Calfee was named to his current position in July 2006, where he oversees the North American business unit's sales and marketing activities. He joined Cliffs in 1972 as an iron ore sales representative. During his career at Cliffs, he assumed key management positions in the commercial area, including various roles of increasing responsibility.


Prior to joining Cliffs, Mr. Calfee was an officer in the U.S. Navy. He received his Bachelor of Arts from Williams College and completed the Advanced Management Program at the Graduate School of Business at Harvard University.


Donald J. Gallagher, executive vice president, president ? global commercial stated, "It has been professionally rewarding and an honor to work with Bill and witness his personal drive, integrity and passion for this organization. He is an astute business leader who guided the Company through some of the most difficult junctures in the U.S. steel industry's history. This included acting as a stabilizing force throughout customer negotiations and customer bankruptcies. We look forward to continuing to work with him during this transition and during his future advisory role with Cliffs."


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SOURCE Cliffs Natural Resources Inc.



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