Business
Cliffs Natural Resources Inc. Announces Global Reorganization
Jan. 19, 2011 (Canada NewsWire Group) -- << Worldwide Realignment of Commercial, Operating an...
About this update from Enduro Metals Corporation
[{"type":"text","content":"\n\n\n\n Jan. 19, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n >\n\nCLEVELAND, Jan. 19, 2011 /CNW/ -- Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) today announced a comprehensive global reorganization that will realign global management responsibilities for its commercial sales and marketing, operating and corporate support.\n\n >\n\nJoseph A. Carrabba, Cliffs' chairman, president and chief executive officer, said, "As illustrated by our recently announced agreement to acquire Consolidated Thompson Iron Mines (TSX: CLM), Cliffs is on an accelerated growth trajectory. The Company has reached a level of global scale that requires us to manage the business in a more progressive and pragmatic manner, as well as in a way that prepares our next generation of leaders. As our customers and suppliers continue to grow, there is a need for greater collaboration between our North American and Asia Pacific business units in terms of customer and supplier negotiations, marketing analysis and product transportation and logistics. There is also the opportunity to enhance the speed of best practices adoption across Cliffs' global portfolio of operating assets. Today's announcement marks a deliberate move away from regional management to truly integrated global management. This will enhance our ability to maximize shareholder value and to compete as a single, global Cliffs Natural Resources."\n\nMr. Carrabba continued to say that, in a transition as large and complex as t...