Cliffs scoops up Barrick executive Halverson and names him CEO

Cliffs Natural Resources (NYSE: CLF), the U.S. No. 1 iron ore producer, said Friday it has hired Gary Halverson from Barrick Gold. (TSX: ABX) as its next president and chief executive officer effective Nov. 18.

Halverson, who was Barrick’s former interim chief operating officer, is replacing CEO Joseph Carrabba, who announced his retirement in July.

He has been with Barrick since 2005. Prior to that he held several managerial positions at Kinross Gold Corporation from 2000 to 2004.