Cliffs Natural Resources Inc., a $6.7 billion producer of iron ore pellets used in steelmaking, promoted Terrance Paradie to CFO and senior vice president. He replaces Laurie Brlas, who was named executive vice president and president of global operations. Paradie, 43, at right, most recently served as senior vice president and assistant general manager of Michigan operations at Cleveland-based Cliffs. Earlier, he served as the company's controller and chief accounting officer, and was an audit partner at KPMG.

Omnicare, a $6.1 billion company that provides institutional pharmacy services, named Robert Kraft CFO. He succeeds John Workman, who was promoted to CEO. Kraft, 42, has served as the Covington, Ky.-based company's senior vice president of finance since 2010. Prior to joining Omnicare, he was a partner at PricewaterhouseCoopers, where he had worked since 1994.

UGI Corp., a $6 billion distributor and marketer of energy products and services in Valley Forge , Pa., named Kirk Oliver CFO. He replaces Robert Flexon, who resigned in 2011 to become president and CFO at Dynergy. Oliver, 54, joins UGI from InfraREIT Capital Partners, an asset management company, where he served as senior managing director and COO. Prior to that, he worked in the energy industry, including serving as CFO at Allegheny Energy and CFO and executive vice president at TXU Corp. Oliver also spent 11 years as an investment banker in the global power and energy group at Lehman Brothers and six years at Motorola.

Aspen Insurance Holdings, a $4.5 billion reinsurance and insurance coverage company, named John Worth CFO. He succeeds Julian Crusack, who will resume his role as the company's chief risk officer. Worth, 49, has served as group financial controller at Barclays and as a partner in banking and capital markets for Ernst & Young. Earlier, he worked at Prudential, UK in positions including chief information officer and head of risk compliance.

Modine Manufacturing Co., a $1.6 billion thermal management technology and solutions company, named Mark Hudson vice president, corporate controller and tax. He replaces Bob Kampstra, who will assume another role at the Racine, Wis.-based company. Hudson, 41, at left, previously served as vice president of corporate finance and vice president of corporate audit at Fiserv. Earlier, he worked at PricewaterhouseCoopers.

CBL & Associates Properties, a mall and shopping center development company with $1 billion in revenue, promoted Farzana Mitchell to CFO. She succeeds Jon Foy, who will remain as executive vice chairman of Chattanooga, Tenn.-based CBL. Mitchell, 60, at right, joined CBL as senior vice president of finance in 2000 and was promoted to executive vice president of finance in 2010. Earlier, she spent 18 years in finance positions at Equitable Real Estate.

Pinnacle Airlines, a $900 million airline holding company, appointed Curtis J. Berchtold CFO and senior vice president. Berchtold succeeds Ted Christie, who left in March to become CFO of Spirit Airlines. Berchtold, 48, most recently served as CFO at Silver Airways. Earlier, he was CFO at Corsair Aviation and interim vice president of planning at Mesa Air Group.

Daktronics, a $489 million supplier of large screen video displays and related control systems in Brookings, S.D., appointed Sheila Anderson CFO and treasurer. She succeeds Bill Retterrath, who resigned. Anderson, 39, at left, joined Daktronics as a senior accountant in 2002 and was named corporate controller in 2006. Earlier, she worked at Dakota Minnesota and Eastern Railroad as a senior accountant.

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Paradie Named CFO at Cliffs Natural

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