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Cleveland-Cliffs Appoints Jane Cronin to the Board of Directors

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Cleveland-Cliffs (NYSE: CLF) has appointed Jane M. Cronin to its Board of Directors, effective immediately. Cronin, currently Senior Vice President – Finance at The Sherwin-Williams Company, brings extensive experience in finance and accounting from her 35-year tenure at Sherwin-Williams, where she held various leadership positions including Senior VP of Enterprise Finance and Corporate Controller.

Cronin also serves on the board of Transdigm Group Inc., participating in their Audit and Nominating and Corporate Governance Committees. She will join CLF's Audit Committee and fills the vacancy left by the passing of former Board member Janet Miller. With her appointment, Cleveland-Cliffs' Board now consists of ten members, with nine being independent directors.

Cleveland-Cliffs (NYSE: CLF) ha nominato Jane M. Cronin nel suo Consiglio di Amministrazione, con effetto immediato. Cronin, attualmente Vice Presidente Senior - Finanza presso The Sherwin-Williams Company, porta con sé una vasta esperienza in finanza e contabilità accumulata nei suoi 35 anni di carriera in Sherwin-Williams, dove ha ricoperto diversi ruoli dirigenziali inclusi quelli di Vice Presidente Senior della Finanza Aziendale e Controller Aziendale.

Cronin è anche membro del consiglio di Transdigm Group Inc., partecipando alle loro Commissioni di Revisione e Nomina e Corporate Governance. Si unirà al Comitato di Revisione di CLF e occupa il posto lasciato libero dalla scomparsa dell'ex membro del Consiglio Janet Miller. Con la sua nomina, il Consiglio di Amministrazione di Cleveland-Cliffs ora conta dieci membri, di cui nove sono direttori indipendenti.

Cleveland-Cliffs (NYSE: CLF) ha nombrado a Jane M. Cronin en su Junta Directiva, con efecto inmediato. Cronin, actualmente Vicepresidenta Senior de Finanzas en The Sherwin-Williams Company, aporta una amplia experiencia en finanzas y contabilidad de sus 35 años en Sherwin-Williams, donde ocupó varios puestos de liderazgo, incluyendo Vicepresidenta Senior de Finanzas Empresariales y Controladora Corporativa.

Cronin también forma parte de la junta de Transdigm Group Inc., participando en sus Comités de Auditoría y de Nominación y Gobernanza Corporativa. Se unirá al Comité de Auditoría de CLF y ocupará la vacante dejada por el fallecimiento de la exmiembro de la Junta Janet Miller. Con su nombramiento, la Junta de Cleveland-Cliffs ahora consta de diez miembros, de los cuales nueve son directores independientes.

Cleveland-Cliffs (NYSE: CLF)제인 M. 크로닌을 이사회에 즉시 임명했습니다. 현재 Sherwin-Williams Company의 재무 수석 부사장인 크로닌은 Sherwin-Williams에서의 35년 경력 동안 다양한 재무 및 회계 책임 직책을 수행하며 뛰어난 경험을 쌓아왔습니다. 그녀는 기업 재무의 수석 부사장 및 기업 회계 담당자 역할을 포함한 여러 주요 직위를 역임했습니다.

크로닌은 또한 Transdigm Group Inc.의 이사로 재직하며 감사위원회 및 인사 및 기업 거버넌스 위원회에 참여하고 있습니다. CLF의 감사위원회에 합류하며, 전 이사인 자넷 밀러의 사망으로 인해 발생한 공석을 채웁니다. 그녀의 임명으로 인해 Cleveland-Cliffs의 이사회는 이제 10명의 이사로 구성되며, 그 중 9명은 독립 이사입니다.

Cleveland-Cliffs (NYSE: CLF) a nommé Jane M. Cronin à son Conseil d'Administration, avec effet immédiat. Cronin, actuellement Vice-Présidente Senior – Finances chez The Sherwin-Williams Company, apporte une vaste expérience en finance et comptabilité acquise durant ses 35 années chez Sherwin-Williams, où elle a occupé divers postes de direction, y compris celui de Vice-Présidente Senior des Finances d'Entreprise et Contrôleuse de la Société.

Cronin siège également au conseil d'administration de Transdigm Group Inc., participant à leurs Comités d'Audit ainsi qu'à ceux de Nomination et de Gouvernance d'Entreprise. Elle rejoindra le Comité d'Audit de CLF et remplira le poste laissé vacant suite au décès de l'ancienne membre du Conseil, Janet Miller. Avec sa nomination, le Conseil d'Administration de Cleveland-Cliffs compte désormais dix membres, dont neuf sont des administrateurs indépendants.

Cleveland-Cliffs (NYSE: CLF) hat Jane M. Cronin mit sofortiger Wirkung in seinen Vorstand berufen. Cronin, die derzeit Senior Vice President – Finanzen bei The Sherwin-Williams Company ist, bringt umfangreiche Erfahrungen in Finanzen und Rechnungswesen aus ihrer 35-jährigen Tätigkeit bei Sherwin-Williams mit, wo sie verschiedene Führungspositionen innehatte, darunter Senior VP für Unternehmensfinanzen und Corporate Controller.

Darüber hinaus ist Cronin Mitglied im Aufsichtsrat von Transdigm Group Inc., wo sie in den Ausschüssen für Prüfung sowie Nominierung und Unternehmensführung tätig ist. Sie wird dem Prüfungs- ausschuss von CLF beitreten und die durch den Tod der ehemaligen Vorstandsmitglieder Janet Miller entstandene Vakanz besetzen. Mit ihrer Berufung zählt der Vorstand von Cleveland-Cliffs nun zehn Mitglieder, von denen neun unabhängige Direktoren sind.

Positive
  • Addition of experienced financial executive with 35 years at major manufacturing company
  • Strengthening of Board's financial oversight with new Audit Committee member
  • Increased board independence with 9 out of 10 directors being independent
Negative
  • None.

CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) announced today that it has appointed Jane M. Cronin to its Board of Directors, effective immediately.

Ms. Cronin is Senior Vice President – Finance of The Sherwin-Williams Company, a global manufacturer, developer, distributor and seller of paint, coatings and related products. Since joining Sherwin-Williams in 1989, Ms. Cronin held roles of increasing responsibility with her most recent position as Senior Vice President – Enterprise Finance. She also held the positions of Senior Vice President – Corporate Controller, Vice President-Internal Audit and Loss Prevention and the Vice President-Controller Diversified Brands division. Presently, Ms. Cronin also serves on the board of Transdigm Group Inc. and is a member of their Audit Committee and Nominating and Corporate Governance Committee.

Lourenco Goncalves, Chairman of the Board, President and CEO of Cliffs, stated: “I am pleased to announce the addition of Jane Cronin, a very accomplished and talented professional, to the Cleveland-Cliffs Board. Jane’s longstanding experience with accounting and financial matters at a prominent public manufacturing company in Cleveland, Ohio will enable her to provide valuable insight in her role on the Cliffs’ Board and as a member of the Audit Committee. Jane will be filling the Board seat left vacant by the untimely death of our former Board member, Janet Miller. We look forward to the expertise and local Cleveland connection Jane will bring to the Board as we move into 2025.”

Ms. Cronin will join the Audit Committee of Cleveland-Cliffs’ Board. She holds a Bachelor of Science in Accountancy from Miami University in Oxford, Ohio. With the addition of Ms. Cronin, the Cleveland-Cliffs’ Board of Directors is now comprised of ten members, of which nine are independent directors.

About Cleveland-Cliffs Inc.

Cleveland-Cliffs is a leading North America-based steel producer with focus on value-added sheet products, particularly for the automotive industry. The Company is vertically integrated from the mining of iron ore, production of pellets and direct reduced iron, and processing of ferrous scrap through primary steelmaking and downstream finishing, stamping, tooling, and tubing. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 30,000 people across its operations in the United States and Canada. For more information, visit http://www.clevelandcliffs.com.

MEDIA CONTACT:

Patricia Persico

Senior Director, Corporate Communications

(216) 694-5316

INVESTOR CONTACT:

James Kerr

Director, Investor Relations

(216) 694-7719

Source: Cleveland-Cliffs Inc.

FAQ

Who is Jane Cronin and what position did CLF appoint her to?

Jane Cronin, Senior Vice President – Finance at Sherwin-Williams, was appointed to Cleveland-Cliffs' Board of Directors and will serve on the Audit Committee.

What experience does Jane Cronin bring to CLF's Board?

Cronin brings extensive financial and accounting experience from her 35-year career at Sherwin-Williams, where she held various leadership positions including Senior VP of Enterprise Finance and Corporate Controller.

How many independent directors does CLF now have on its Board?

With Cronin's appointment, CLF's Board now has 10 members total, with 9 being independent directors.

Which CLF Board position is Jane Cronin filling?

Cronin is filling the Board seat left vacant by the passing of former Board member Janet Miller.

What committee will Jane Cronin serve on at CLF?

Jane Cronin will serve on Cleveland-Cliffs' Audit Committee.

Cleveland-Cliffs Inc.

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