BOARD OF DIRECTORS
Our Board of Directors is comprised of ten members including nine independent directors who possess a diverse range of perspectives, skill sets and experience. Richard C. Adkerson serves as Chairman of the Board and Chief Executive Officer and Dustan E. McCoy serves as Lead Independent Director.
Richard C. Adkerson
Richard C. Adkerson is Chairman of the Board and Chief Executive Officer of Freeport-McMoRan Inc.
He graduated from Mississippi State University with a B.S. degree in Accounting with highest honors and an M.B.A. degree. In 2010, he received an Honorary Doctor of Science degree from Mississippi State. He also completed the Advanced Management Program of the Harvard Business School in 1988. Prior to joining Freeport-McMoRan in 1989, he was Partner and Managing Director in Arthur Andersen & Co. where he headed the Firm’s Worldwide Oil and Gas Industry Practice. From 1976 to 1978, he was a Professional Accounting Fellow with the Securities and Exchange Commission in Washington, D.C.
Mr. Adkerson currently serves as Chair of the International Council on Mining and Metals. He has been a member of ICMM since 2005 and previously served as Chair from 2008 – 2011. He is a member of The Business Council, the Business Roundtable, the Council on Foreign Relations and serves as Chairman of the Advisory Council of the Kissinger Institute on China and the United States. He also serves on Greater Phoenix Leadership and the Dean's Council of 100 for the Arizona State University W. P. Carey School of Business.
He serves as Chairman Emeritus of the Board of Trustees of the National WWII Museum and as a member of the Board of Visitors of the M.D. Anderson Cancer Center in Houston, Texas, and was Campaign Chair of the Banner M.D. Anderson Cancer Center Cancer Has Met Its Match Campaign in Phoenix. He currently serves as the Honorary Chair of the Phoenix Zoo’s Join the Journey - Share our Pride Campaign. He is a member and past President of the Mississippi State University Foundation Board of Directors, serves on the Executive Advisory Board for the College of Business, and chaired Mississippi State's State of the Future capital campaign.
He was named National Alumnus of the Year of Mississippi State University in 2011. He was inducted into the American Mining Hall of Fame in 2010, received The American Institute of Mining, Metallurgical and Petroleum Engineers Charles F. Rand Memorial Award in 2011 and was named Copper Man of the Year 2009 by The Copper Club. He was named Executive of the Year by the W. P. Carey School of Business Dean's Council at Arizona State University in 2011. For ten years, Mr. Adkerson was named The Best CEO in Metals and Mining by Institutional Investor magazine. Mr. Adkerson has served on the FCX Board since 2006 and as Chairman of the Board since February 2021.
Dustan E. McCoy
Mr. McCoy serves as Lead Independent Director of Freeport-McMoRan Inc. He is the retired Chairman and Chief Executive Officer of Brunswick Corporation, a leading manufacturer of recreational products. He joined Brunswick in 1999 and became Chairman and Chief Executive Officer in December 2005. Before joining Brunswick, he held senior positions with Witco Corporation, a chemical manufacturer. Mr. McCoy holds a B.A. degree in Political Science from Eastern Kentucky University and a J.D. degree from the Salmon P. Chase College of Law at Northern Kentucky University. He also serves on the Board of Directors of Louisiana-Pacific Corporation and YETI Holdings, Inc. Mr. McCoy has served on the FCX Board since 2007 and as Lead Independent Director since February 2021.
David P. Abney
Mr. Abney retired as Chairman and Chief Executive Officer 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 Chief Operating Officer 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 Chief Executive Officer 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 Northrop Grumman Corporation and Target Corporation, and serves on The Business Council. Mr. Abney holds a B.S. in Business Administration from Delta State University. Mr. Abney joined the FCX Board in April 2021.
Marcela E. Donadio
Ms. Donadio retired as a Partner of Ernst & Young LLP, a multinational professional services firm, in 2014. From 2007 until her retirement in 2014, she served as Americas Oil & Gas Sector Leader for Ernst & Young, with responsibility for one of the firm’s significant industry groups. She advised the firm’s oil and gas industry clients in the United States and throughout the Americas on business strategies and financial matters. Ms. Donadio served as audit partner for multiple companies with domestic and international operations in the natural resources sector and held various energy industry leadership positions during her career. She serves as Lead Independent Director of Marathon Oil Corporation and as a director of NOV, Inc. and Norfolk Southern Corporation. Ms. Donadio has dual United States and Panamanian citizenship, holds a B.S. in Accounting from Louisiana State University and is a Certified Public Accountant. Ms. Donadio joined the FCX Board in August 2021.
Robert W. “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. Mr. Dudley joined the FCX Board in April 2021.
Lydia H. Kennard
Ms. Kennard has over 40 years of executive and operational experience in aviation, construction management and real estate development. She is the President and Chief Executive Officer of KDG Construction Consulting, a construction and program management firm, and a principal of Airport Property Ventures, LLC, a developer and operator of aviation facilities. In addition, she serves on the Board of Directors of AECOM, Prologis, Inc. and Healthpeak Properties, Inc. Ms. Kennard previously served as the Executive Director of Los Angeles World Airports and as a member of the California Air Resources Board. She holds a J.D. degree from Harvard Law School, a Master’s degree in City Planning from Massachusetts Institute of Technology, and a B.A. degree in Urban Planning and Management from Stanford University. Ms. Kennard joined the FCX Board in December 2013.
Ryan M. Lance
Mr. Lance has served as Chairman and Chief Executive Officer of ConocoPhillips, one of the world’s largest independent exploration and production companies, since 2012. He has 37 years of executive and operational experience in the oil and natural gas industry. His previous ConocoPhillips executive assignments included responsibility for international exploration and production, regional responsibility at various times for Asia, Africa, the Middle East and North America, and responsibility for technology, major projects, downstream strategy, integration and specialty functions. Mr. Lance is a former Chairman of the American Petroleum Institute and is currently serving on its Executive Committee, and currently chairs the National Petroleum Council’s Agenda Committee. He is also a member of the Business Roundtable and The Business Council and serves on the board of the National Fish and Wildlife Foundation. He holds a B.S. in Petroleum Engineering from Montana Technological University. Mr. Lance joined the FCX Board in November 2021.
Sara Grootwassink Lewis
Ms. Lewis founded Lewis Corporate Advisors, a capital markets and board advisory firm, in 2009, where she served as Chief Executive Officer until 2018. Ms. Lewis has significant executive, corporate finance and capital markets experience, and served as Executive Vice President and Chief Financial Officer of Washington Real Estate Investment Trust. She has served on several public company boards, including Sun Life Financial, a global insurance and asset management firm, where she Chaired its Audit Committee. She currently serves as a director and Chair of the Audit Committee of The Weyerhaeuser Company, director and Chair of the Compensation and Human Capital Committee of Healthpeak Properties, Inc., and as director and Chair of the Audit Committee of Everside Health Group, Inc. Ms. Lewis serves on the Executive Committee and Board of Trustees of the Brookings Institution, the Leadership Board for the U.S. Chamber of Commerce Center for Capital Markets Competitiveness, and the Center for Audit Quality’s Audit Committee Council. She is a member of the Institute of Corporate Directors. Ms. Lewis is a Certified Public Accountant and a Chartered Financial Analyst. She holds a B.S. in Finance from the University of Illinois at Urbana-Champaign. Ms. Lewis joined the FCX Board in August 2021.
John J. Stephens
Mr. Stephens has served as Senior Executive Vice President and Chief Financial Officer of AT&T Inc., a diversified global leader in telecommunications, media and entertainment, and technology, since 2011. He has responsibility for financial planning, corporate development, accounting, tax, auditing, treasury, investor relations and corporate real estate. Prior to his current position, Mr. Stephens held a series of successive positions in the finance department. He began his career with AT&T in 1992. Before joining AT&T, he held a variety of roles in public accounting. He currently serves on the Board of Directors of Solid Power, Inc. Mr. Stephens received his B.S.B.A. in Accounting from Rockhurst University and earned his J.D. degree from St. Louis University School of Law. Mr. Stephens joined the FCX Board in October 2019.
Frances Fragos Townsend
Ms. Townsend is the Executive Vice President for Corporate Affairs at Activision Blizzard, Inc. (ATV), a leading global developer and publisher of interactive entertainment. She is Emeritus Vice Chairman at MacAndrews & Forbes, Incorporated and was previously Vice Chairman, General Counsel and Chief Administrative Officer at MacAndrews & Forbes, Incorporated. She formerly held the title of Executive Vice President for Worldwide Government, Legal and Business Affairs working across MacAndrew’s portfolio companies focusing on international, legal, compliance and business development issues. Ms. Townsend previously served as Advisor to President George W. Bush for Homeland Security and Counterterrorism and chaired the Homeland Security Council. She was the first Assistant Commandant for Intelligence for the U.S. Coast Guard and spent 13 years at the U.S. Department of Justice in various senior positions. She received her J.D. degree from the University of San Diego School of Law after graduating from American University where she received a B.A. in Political Science and a B.S. in Psychology. She currently serves as a director of Chubb Limited. Ms. Townsend joined the FCX Board in December 2013.