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Business North - The Daily Briefing - Business Newspaper Online
Cliffs names Halverson president/COO
The Cliffs Natural Resources board appointed Gary B. Halverson, 55, formerly interim chief operating officer of Barrick Gold Corporation Inc., to the newly created position of president and chief operating officer. His appointment becomes effective Nov. 18. Halverson also will be serving as a board director.
James Kirsch, non-executive chairman of the board, was elected executive chairman of the board, effective Nov. 18.
As part of Cliffs’ CEO succession plan, the company formed the office of the chairman, led by Kirsch, to manage the leadership transition. Over the coming months, his focus will be to refine the long-term strategy and continue to provide continuity during the leadership transition.
Halverson will report to Kirsch and, in turn, all members of the current Cliffs' executive leadership team will report directly to Halverson.
Joseph Carrabba will retire as president and CEO and will step down as a director of Cliffs' board effective at the close of business on Nov. 15.
"I am very pleased that Gary is joining Cliffs as he brings over 30 years of mining experience and a breadth of leadership skills well suited to lead our business. Gary's leadership experience in operating mines across Canada, the U.S. and Asia Pacific, coupled with his large-scale project execution track record and cultural fit, made him a compelling choice based on the Board's expectations for Cliffs' performance," Kirsch said in a formal announcement.
Most recently at Barrick Gold, Halverson provided leadership for the largest gold region in the world. He has experience managing large annual operating budgets and capital projects. He has led complex tailings and water management issues at a wide range of underground and open-pit mines from the construction and development phases through the end-of-life stage.
With Barrick since 2005, he joined the company as the general manager of the Cortez JV in North America. From 2006 to 2011, he took an assignment at the company's Australia Pacific division. He began as director of operations where he was responsible for four gold mines in Australia, Papua New Guinea and Tasmania. He managed a successful integration of two operations and the start-up of a new mine. He was promoted to president — Australia Pacific in 2008, leading a region of 6,500 employees across nine mine sites. He had full responsibility for the business' P&L including an annual $1.8 billion operating budget and $600 million for capital expenditures.
Previously, he was with Kinross Gold Corp. from 2000 to 2004, where he held general manager roles at the Hoyle Pond Mine and Placer Dome Mine, both located in the city of Timmins in Northeastern Ontario. In addition, he was responsible for the approval and development of an open-pit mine. His experience also includes project and general management of the New Britannia mine in Manitoba and progressive experience at other mines across Canada.
Halverson received his Master of Business Administration from Athabasca University and a Bachelor of Science in Metallurgical Engineering from Michigan Technological University. He is an active member of mining industry and engineering associations, including the Association of Professional Engineers of Ontario, Canadian Institute of Mining/Metallurgy (CIM), National Mining Association and the Nevada Mining Association.
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