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Gunning Elected to Cliffs Board.

CLEVELAND, July 10 /PRNewswire/ --

Cleveland-Cliffs Inc (NYSE: CLF) announced today that David H. Gunning has been elected a Director of the Company. He recently joined Cleveland-Cliffs as Vice Chairman with principal responsibilities of executing the Company's strategic initiatives. The addition of David Gunning increases the size of the Board to ten directors.

Prior to his election as Vice Chairman of Cleveland-Cliffs, Mr. Gunning was a consultant and private investor. Before that he was President and Chief Executive Officer of Capitol American Financial Corporation, which was sold to Conseco in 1997. For more than 25 years before that he was with the law firm of Jones, Day, Reavis & Pogue, where he was the partner in charge of the firm's world-wide corporate practice.

He is a director of Lincoln Electric Holdings, Roulston & Co., Development Alternatives, Inc., and Southwest Gas Corporation. He is a trustee of The Music Arts Association, Chicago Theological Seminary, the Playhouse Square Foundation, and the College of Wooster. Mr. Gunning and John S. Brinzo, Chairman and CEO of the Company are the only management directors.

Cleveland-Cliffs is the largest supplier of iron ore products to the North American steel industry and is developing a significant ferrous metallics business. Subsidiaries of the Company manage and hold equity interests in iron ore mines in Michigan, Minnesota and Eastern Canada. Cliffs has a major iron ore reserve position in the United States and is a substantial iron ore merchant. References in this news release to "Cliffs" and the "Company" include subsidiaries and affiliates as appropriate to the context.

Media: Ralph S. Berge, (216) 694-4870

Financial Community: Fred B. Rice, (800) 214-0739 or (216) 694-5459

News releases and other information on the Company are available on the Internet at http://www.cleveland-cliffs.com .

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Publication:PR Newswire
Geographic Code:1USA
Date:Jul 10, 2001
Words:302
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