– USA, AZ – Freeport-McMoRan Inc. (NYSE: FCX) today appointed CEO Richard Adkerson to the additional role of Chairman of the Board of Directors, succeeding Gerald Ford who stepped down as non-executive Chairman and will retire as a director ends in June 2021.
The independent directors of the Board have appointed Dustan McCoy as Lead Independent Director and Lydia Kennard as Chair of the Governance Committee.
“On behalf of the Board of Directors and our management team, we express our appreciation to Jerry for his leadership, counsel, and service over many years. His business acumen and counsel have been invaluable. Our entire Freeport organization is appreciative of Jerry’s contributions to our success.” said Richard Adkerson, Board Chairman, and CEO.
He added, “We are fortunate to have an individual of the caliber of Dusty McCoy to serve as Lead Independent Director. He is an accomplished business leader with vast business, international, the extractives industry, and corporate governance experience. I thank Lydia, Fran, and John for their ongoing contributions to our Board and their important committee leadership roles.”
FCX’s Board of Directors is currently comprised of six members, including five independent directors, who possess a diverse range of perspectives, skill sets, and experience. FCX’s Governance Committee is continuing its ongoing review of the Board’s composition and potential Board candidates who can contribute to FCX’s success.
Mr. Adkerson continued, “I am honored to serve as Chairman of our Board and proud to lead our global team of dedicated and talented individuals focused on building value for all stakeholders. Our premier position in copper with our high quality, long-lived assets, and proven management team establishes a solid foundation for a bright future for our company and all stakeholders.”
About Dustan McCoy
Dustan McCoy has been a Board member since 2007 and currently serves as Chairman of the Compensation Committee and as a member of the Audit Committee and the Corporate Responsibility Committee. He is the retired Chairman and CEO of Brunswick Corporation, a leading, publicly-traded, global manufacturer and marketer of recreation products. He also serves on the Board of Directors of public companies Louisiana-Pacific Corporation and YETI Holdings, Inc. as well as serving as Chairman of a private company that owns and operates quarries.
About Richard Adkerson
Mr. Adkerson has served as CEO since 2003 and a member of the Board since 2006. He is a recognized business leader in the mining industry and currently serves as Chair of the International Council on Mining and Metals, having previously served as Chair from 2008-2011. Mr. Adkerson is also a member of The Business Council, the Business Roundtable, and the Council on Foreign Relations. His strong leadership skills are instrumental in fostering strong relationships with Freeport’s workers, business partners, host governments, communities, companies in the global mining industry, and stakeholders enabling him to guide FCX’s business strategy effectively.
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. FCX is one of the world’s largest publicly traded copper producers.
FCX’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, FCX is proud to be a positive contributor to the world well beyond its operational boundaries.
For more information: https://fcx.com/
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