Cliffs Natural Resources Inc. has disclosed a slew of executive management changes, including a new financial head.<br /><br />"As we transition Cliffs' strategic focus from M&A activities to executing organic growth projects, these executive changes will drive excellence in project execution, ensure operational stability and provide for a more disciplined approach to capital allocation and cost management," Chief Executive Joseph Carrabba said.<br /><br />Cliffs has appointed Terrance Paradie as senior vice president and chief financial officer. Mr. Paradie was previously senior vice president and assistant general manager of the company's Michigan operations, and before that was corporate controller and chief accounting officer for Cliffs globally.<br /><br />The mining company named Laurie Brlas as its new executive vice president and president of global operations. Ms. Brlas, formerly Cliffs' executive vice president, finance and administration, and chief financial officer, replaces Duncan P. Price, who will be retiring Oct. 1.<br /><br />The company also said it has named P. Kelly Tompkins as chief legal officer and president of Cliffs China.<br /><br />Steven Raguz, formerly senior vice president of corporate strategy and treasurer, has been named chief strategy officer. James Michaud, formerly senior vice president of human resources, is the company's new chief human resource officer.<br /><br />In July, Cliffs said its second-quarter earnings slumped 37% as it saw lower sales margins and higher expenses.<br /><br />Shares were up to 1.53% to $41.24 in recent trading. The stock is off 47% in the past 12 months.<br />