Director Since: 2018
Nominated for term expiring in: 2024
• Audit (Chair)
• Nominating and Governance
Summary: Mr. Newport brings broad experience and leadership in finance and operations
of a manufacturing company to our Board. He served as Chief Executive Officer and a
Director of AK Steel Holding Corporation from January 2016 until March 2020, when he
retired in connection with the acquisition of AK Steel by Cleveland-Cliffs Inc. Prior to that,
Mr. Newport served as Executive Vice President, Finance and Chief Financial Officer
since May 2015, as Senior Vice President, Finance and Chief Financial Officer since May
2014, and as Vice President, Finance and Chief Financial Officer since May 2012. Prior to
that, Mr. Newport served in a variety of other leadership positions since joining AK Steel in
1985, including Vice President-Business Planning and Development, Controller and Chief
Accounting Officer, Assistant Treasurer, Investor Relations, Manager-Financial Planning
and Analysis and Product Manager. Mr. Newport serves as Chair of the Audit Committee.
Mr. Newport has been a Director of IPL and WPL since 2018.
Skills/Qualifications: strategic leadership; financial acumen/literacy; operations; customer
perspective; legal and regulatory; human resources/executive compensation; risk
management; technology systems/cybersecurity; environmental and safety; diversity.
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