Freeport-McMoRan adds David Abney and Bob Dudley to its Board as Independent Directors

– USA, AZ –  Freeport-McMoRan Inc. (NYSE: FCX) today announced the appointments of David Abney and Bob Dudley to its Board as Independent Directors, bringing the Board eight members, including seven independent directors.

“David Abney and Bob Dudley are exceptional leaders with proven track records and experience in global business, corporate governance and a wide range of matters relevant to Freeport. These individuals will strengthen our Board by complementing the skills of our current directors, as we execute our clearly defined strategy of being foremost in the global copper industry. The additions to our Board are consistent with our corporate objective and my personal commitment to having a Board with broad and diverse experience, a deep understanding of the challenges and opportunities associated with our business and a focus on value and sustainability for the benefit of all stakeholders.” said Chairman and CEO, Richard Adkerson.

As previously announced, Gerald Ford, former non-executive Chairman of the Board, will retire as a director effective upon the expiration of his current term, which ends in June 2021.

About David Abney

Mr. Abney retired as Chairman and CEO of United Parcel Service, Inc., a multinational package delivery and supply chain management company in 2020. He served as CEO beginning in 2014 and previously served as the COO of UPS. Mr. Abney had an accomplished and highly successful 46-year career at UPS, including executive management roles in operations, international development, logistics, sustainability and engineering across all facets of the UPS global transportation network. During his time as CEO of UPS,

Mr. Abney served on the Board of Directors of Catalyst, a global nonprofit working to advance women into senior leadership and board positions. He also previously served as a leader on The Business Roundtable. Mr. Abney currently serves as a director of Macy’s, Inc. and Northrop Grumman Corporation, and serves on the Business Council.

Mr. Abney holds a B.S. in Business Administration from Delta State University.

About Bob Dudley

Mr. Dudley is the retired Group Chief Executive of BP, p.l.c., a British multinational oil and gas company, a position he held from 2010 to 2020. Mr. Dudley had a distinguished career with BP and its predecessors spanning over 40 years, serving in a broad range of engineering, commercial, strategic, international and executive roles. Since 2016, he has chaired the Oil and Gas Climate Initiative, a CEO-led initiative that aims to accelerate the oil and gas industry response to climate change. Mr. Dudley currently serves as a director of Rosneft, the largest publicly traded oil company in the world, and has been recently nominated for the board of LyondellBasell Industries N.V. He also serves on the Business Council, was a member of the Business Roundtable and is a fellow of the Royal Academy of Engineering.

Mr. Dudley has dual American and British citizenship and holds a B.S. in Chemical Engineering from the University of Illinois, an MIM from the Thunderbird School of Global Management (now part of Arizona State University), and an MBA from Southern Methodist University.

About Freeport-McMoRan

Freeport-McMoRan is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. Freeport-McMoRan is one of the world’s largest publicly traded copper producers.

Freeport-McMoRan’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; and significant mining operations in North America and South America, including the large-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.

By supplying responsibly produced copper, Freeport-McMoRan is proud to be a positive contributor to the world well beyond its operational boundaries.

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