Cleveland-Cliffs Names Steven Baisden Director, Investor Relations and Corporate Communications
CLEVELAND, June 20 /PRNewswire-FirstCall/ -- Cleveland-Cliffs Inc (NYSE: CLF) today announced the appointment of Steven Baisden as director, investor relations and corporate communications, effective June 18, 2007. Baisden is responsible for creating and leading Cliffs' strategic investor relations and corporate communications program. This program will be designed to support overall business objectives, as well as create awareness and understanding of Cliffs' progress toward becoming a global entity in the mining industry.
Baisden has 11 years' cumulative investor relations, corporate communications and marketing management experience at Fortune 1000 and other companies.
From 2004 to 2007, Baisden, 33, was responsible for the development and execution of investor, corporate and strategic transaction communications, including acquisitions and divestitures, for Agilysys, Inc., a Nasdaq-listed company and provider of information technology solutions. Previously, he was manager, investor and public relations, for OfficeMax, Inc., with accountability for all investor, media and trade communications from 2000 through its 2004 acquisition by Boise Cascade Corporation.
Laurie Brlas, Cleveland-Cliffs' senior vice president, chief financial officer and treasurer, said, "Steve brings to Cliffs solid experience in developing strategic communications to effectively convey information important to our Company's stakeholders. Specifically, his expertise in developing proactive programs to reach investors appropriate for Cliffs' shares complements the talents of Cliffs' existing management team. His contributions will be significant as we expand awareness and garner increasing interest from the investment community."
Baisden earned his B.S. in Public Relations from Kent State University and is an active member of the National Investor Relations Institute.
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Cleveland-Cliffs Inc, headquartered in Cleveland, Ohio, is the largest producer of iron ore pellets in North America and sells the majority of its pellets to integrated steel companies in the United States and Canada. Cleveland-Cliffs Inc operates a total of six iron ore mines located in Michigan, Minnesota and Eastern Canada. The Company owns 80 percent of Portman Limited, a large iron ore mining company in Australia, serving the Asian iron ore markets with direct-shipping fines and lump ore. It also has a 30 percent interest in the Amapa Project, a Brazilian iron ore project, and a 45 percent economic interest in the Sonoma Project, an Australian coking and thermal coal project.
News releases and other information on the Company are available on the Internet at: http://www.cleveland-cliffs.com
This news release contains predictive statements that are intended to be made as "forward-looking" within the safe harbor protections of the Private Securities Litigation Reform Act of 1995. Although the Company believes that its forward-looking statements are based on reasonable assumptions, such statements are subject to risk and uncertainties.
Reference is also made to the detailed explanation of the many factors and risks that may cause such predictive statements to turn out differently, set forth in the Company's Annual Report and Reports on Form 10-K and previous news releases filed with the Securities and Exchange Commission, which are publicly available on Cleveland-Cliffs' website. The information contained in this document speaks as of the date of this news release and may be superseded by subsequent events.
SOURCE Cleveland-Cliffs Inc
Released June 20, 2007