Share This Profile
Share this profile on Facebook.
Link to this profile on LinkedIn.
Tweet this profile on Twitter.
Email a link to this profile.
See other services through which you can share this profile.
This profile was last updated on 8/25/14  and contains information from public web pages and contributions from the ZoomInfo community.

Mr. Gary B. Halverson

Wrong Gary B. Halverson?
 
Background

Employment History

Board Memberships and Affiliations

  • Board Member
    Minerals Council of Australia
  • Active Member
    Association of Professional Engineers of Ontario
  • Active Member
    Canadian Institute of Mining/Metallurgy

Education

  • bachelor's degree , metallurgical engineering
    Michigan Technological University
  • MBA
    Athabasca University
101 Total References
Web References
Such steps include but are not ...
ir.cliffsnaturalresources.com, 25 Aug 2014 [cached]
Such steps include but are not limited to negotiating consents and amendments to the applicable debt instruments.

Separately, the Company also announces that, simultaneously with the signature of his severance agreement as an officer, Gary Halverson has resigned from his position as a Board member of Cliffs Natural Resources Inc.

About Cliffs Natural Resources Inc.

Cliffs Natural Resources Inc. is a leading mining and natural resources company.

...
CLEVELAND â€" Aug. 15, 2014 â€" Cliffs Natural Resources Inc. (NYSE: CLF) today announced that as a result of the Company’s incentive equity plan for officers and key employees and the change in control provisions in that plan, including certain change in control arrangements adopted by the previous Board of Directors in September 2013, Cliffs is obligated to make significant payments to recipients of awards previously granted under the plan.

Pursuant to these obligations, Cliffs anticipates making a payment of approximately $11 million to Gary Halverson in the current quarter in connection with the termination of his employment. Mr. Halverson joined the Company as COO on November 18, 2013, was appointed President and CEO on February 13, 2014 and served in that capacity until August 7, 2014.
...
Goncalves replaces Jim Kirsch who served as Chairman since July 2013, and Gary Halverson who served as CEO since February 2014.

 

Richard K. Riederer, who has been a Director of the Company since 2002 and was re-elected at this year’s Annual Meeting, added, “I look forward to working with the new Board and management team.  The Company wishes to thank Gary Halverson for his contributions to Cliffs as CEO.

...
Goncalves replaces Jim Kirsch who served as Chairman since July 2013, and Gary Halverson who served as CEO since February 2014.

 

Richard K. Riederer, who has been a Director of the Company since 2002 and was re-elected at this year’s Annual Meeting, added, “I look forward to working with the new Board and management team.  The Company wishes to thank Gary Halverson for his contributions to Cliffs as CEO.

...
The consolidated sales margin also included $18 million in lower-cost-or-market adjustments in the North American Coal and Eastern Canadian Iron Ore business segments.

Gary Halverson, Cliffs' President and Chief Executive Officer, said, "We continue to take prudent and decisive actions to optimize the business in the face of continued commodity pricing pressures, which have created a challenging business climate for Cliffs and our industry.  During the quarter, our team cut costs across the board and significantly reduced our capital expenditures, while enhancing our liquidity by successfully amending our revolving credit facility.

The Board has nominated Gary B. ...
www.sec.gov, 10 June 2014 [cached]
The Board has nominated Gary B. Halverson, Barry J. Eldridge, Mark E. Gaumond, Susan M. Green, Janice K. Henry, James F. Kirsch, Stephen M. Johnson, Richard K. Riederer and Timothy W. Sullivan to serve until the next Annual Meeting of Shareholders or until their successors shall be elected.
...
All of the nominees are independent under the NYSE corporate governance rules except for Mr. Halverson. All of the nominees were elected by the shareholders at the Annual Meeting of Shareholders held on May 7, 2013, except for Messrs. Gaumond, Johnson and Halverson, who were nominated by the Governance and Nominating Committee and were elected as directors by unanimous action of the Cliffs Board effective July 8, 2013, October 1, 2013 and November 18, 2013, respectively.
...
If you return a WHITE proxy card without giving specific voting instructions, then your shares will be voted "FOR" the election of Gary B. Halverson, Barry J. Eldridge, Mark E. Gaumond, Susan M. Green, Janice K. Henry, Stephen M. Johnson, James F. Kirsch, Richard K. Riederer and Timothy W. Sullivan (collectively, the "Cliffs Nominees").
...
Also at this meeting, Cliffs' Board appointed Gary Halverson to the role of CEO of Cliffs, effective immediately.
...
Gary B. Halverson
First Became Director: 2013; Management
...
Mr. Halverson was elected as president & chief operating officer of Cliffs effective November 18, 2013 and as chief executive officer of Cliffs effective February 13, 2014. Prior to joining Cliffs, Mr. Halverson served as interim chief operating officer from September 2013 to November 2013, as president-North America from December 2011 to November 2013 and as president-Australia Pacific from December 2008 to December 2011 for Barrick Gold Corporation Inc., an international gold mining company.
Mr. Halverson was nominated by the Governance and Nominating Committee and was elected as a director by unanimous action of the Cliffs Board effective November 18, 2013. Mr. Halverson brings a global mining perspective with experience in a variety of minerals, including gold, copper and nickel, to the Board. Recently, he provided leadership for the largest gold region in the world at Barrick Gold Corporation Inc. Through his experience in various capacities in mining operations internationally, he has managed large annual operating budgets and capital projects.
Minerals Council of Australia | Corporate | About the MCA | MCA Board of Directors
www.minerals.org.au, 8 Mar 2012 [cached]
Mr Gary Halverson
Regional President
Barrick (Australia Pacific) Ltd
Cliffs Natural Resources - Executive Leadership
ir.cliffsnaturalresources.com, 29 Dec 2013 [cached]
Gary B. Halverson President and Chief Operating Officer
...
Gary Halverson
Gary Halverson joined Cliffs in November 2013 as president and chief operating officer and was elected as a director of the Company. His initial focus will be building a deep understanding of the business at an operating level before assuming the CEO leadership position. Mr. Halverson's leadership experience in operating mines across Canada, the U.S. and Asia Pacific, coupled with his proven large-scale project execution track record and deep technical and operational expertise will be significant as he leads the organization. In his new role, he will bring forth his financial discipline and focus on cost management to lead major investment decisions for the Company.
Mr. Halverson has over 30 years of experience in mining that spans across the gold, copper, and nickel industries. Most recently, he was interim chief operating officer at Barrick Gold Corporation Inc. during 2013. Mr. Halverson also provided leadership for the largest gold region in the world at Barrick Gold Corporation Inc. as regional president - North America since 2011. During his tenure as a regional president, he has led a complete functional leadership team and was accountable for the regional business' P&L. With Barrick since 2005, he began within the company's operations where he held various management positions. He was promoted to president - Australia Pacific in 2008 where he led a region of 6,500 employees across nine mine sites till 2011.
Prior to Barrick, he was with Placer Dome in general manager roles at the Placer Dome Mine in Timmins, Ontario and the Cortez Mine in Nevada. He was also with Kinross Gold Corporation, where he held general manager role at the Hoyle Pond Mine in Timmins. Mr. Halverson's experience also includes project and general management of the New Britannia mine in Manitoba and progressive experience at other mines across Canada.
Mr. Halverson has experience managing large annual operating budgets and capital projects. At an operational level, he has been successful in optimizing well run mines, objectively assessing troubled operations and executing projects on-time and on budget. Many of the projects he has led included complex tailings and water management issues. These experiences include a wide range of underground and open-pit mines from the construction and development phases through the end-of-life stage.
Born in Canada, Mr. Halverson received his MBA from Athabasca University and a bachelor's degree 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.
The Cliffs Board recommends shareholders use ...
www.stockhouse.com, 16 June 2014 [cached]
The Cliffs Board recommends shareholders use the WHITE proxy card to vote "FOR ALL" of the Company's nine highly qualified and experienced director nominees with expertise in leading mining, steel, basic materials, engineering and natural resources businesses: Gary B. Halverson, Barry J. Eldridge, Mark E. Gaumond, Susan M. Green, Janice K. Henry, Stephen M. Johnson, James F. Kirsch, Richard K. Riederer and Timothy W. Sullivan.
...
Cliffs' Board laid the foundation of the turnaround that Gary Halverson, President and Chief Executive Officer, and his team have continued to execute by updating the two most senior positions in the management team, beginning to sharpen the Company's capital allocation priorities (including placing every strategic asset under review), and initiating steps to significantly reduce SG&A and exploration costs.
...
The Company's Board and new management team, led by Gary Halverson, have taken decisive steps to steadily improve Cliffs' financial and operating performance, including through the ongoing, comprehensive review of our portfolio of assets and strategic options.
...
WE BELIEVE GARY HALVERSON IS THE RIGHT LEADER FOR CLIFFS AT THIS CRITICAL TIME
As part of its thorough search for a new CEO, which began in July of 2013, the Board engaged a leading independent executive search firm. The entire Board was engaged in the process and interviewed all finalist candidates. After an extensive review, the Board selected Gary Halverson as the best choice to lead Cliffs.
Gary has the insights and experience to lead the Company in this critical and volatile period and to create shareholder value, given his 30 years of experience in managing international large-scale, long-lived mining operations and understanding of the global commodities industry.
He has led business divisions similar in size and scale to Cliffs, most recently as the Interim COO of Barrick Gold Corp., the world's largest gold miner. He has extensive experience managing large annual operating budgets and capital projects, and has been successful in optimizing mines, objectively assessing troubled operations and executing projects on time and on budget.
Gary's experience includes a wide range of underground and open-pit mines from the construction and development phases through the end-of-life stage. He has successfully tackled many projects with complex operational and compliance challenges. Your Board strongly supports Gary Halverson and does not believe that Casablanca's goal of replacing him is in the interests of Cliffs shareholders.
WE Have ASSEMBLED a Strong Board THAT IS WELL MATCHED TO THE opportunities and CHALLENGES FACED BY CLIFFS
We have instituted a critical remake of our Board and senior management team, including therecent addition of four highly qualified directors: Timothy W. Sullivan, Mark E. Gaumond, Stephen M. Johnson and Gary B. Halverson.
Other People with the name "Halverson":
Accelerate your business with the industry's most comprehensive profiles on business people and companies.
Find business contacts by city, industry and title. Our B2B directory has just-verified and in-depth profiles, plus the market's top tools for searching, targeting and tracking.
Atlanta | Boston | Chicago | Houston | Los Angeles | New York
Browse ZoomInfo's business people directory. Our professional profiles include verified contact information, biography, work history, affiliations and more.
Browse ZoomInfo's company directory. Our company profiles include corporate background information, detailed descriptions, and links to comprehensive employee profiles with verified contact information.
zirhbt201304