BOARD OF DIRECTORS
Our Board of Directors is comprised of six members including five independent directors who possess a diverse range of perspectives and experience in the mining industry, business, finance, economics, accounting and public affairs. One of our independent directors, Gerald J. Ford, serves as non-executive Chairman of the Board and Richard C. Adkerson serves as Vice Chairman, President and Chief Executive Officer.
Gerald J. Ford
Mr. Ford serves as non-executive Chairman of the Board of Freeport-McMoRan Inc. He is the principal shareholder and Chairman of the Board of Hilltop Holdings Inc., a Texas-based, publicly traded, diversified financial holding company. Mr. Ford is also the General Partner of Ford Financial II, L.P., a private equity firm.
Mr. Ford is the former Chairman of the Board and Chief Executive Officer of Golden State Bancorp, Inc. and its wholly owned subsidiary, California Federal Bank, FSB, a Federal Savings Bank that merged with Citigroup in 2002. He is also the former Chairman of the Board and Chief Executive Officer of First Acceptance Corporation.
He served as Chairman of the Board of Trustees of Southern Methodist University (SMU) from 2002 to 2006, and currently serves as a Trustee and on the Trusteeship Committee of SMU. He is on the Executive Board of SMU School of Law, is a Trustee of Southwestern Medical Foundation and Children’s Medical Foundation and is a member of the Board of Overseers of Weill Medical College and Graduate School of Medical Sciences of Cornell University.
Mr. Ford is a banking and financial institutions entrepreneur who has been involved in numerous mergers and acquisitions of private and public sector financial institutions over the past 40 years. In that capacity, he acquired and consolidated 30 commercial banks from 1975 to 1993, forming First United Bank Group, Inc., a multi-bank holding company for which he served as Chairman of the Board and Chief Executive Officer until its sale in 1994. During this period, he also led investment consortiums that acquired numerous financial institutions, forming in succession, First Gibraltar Bank, FSB, First Madison Bank, FSB and First Nationwide Bank.
Mr. Ford received his B.A. degree in Economics from SMU in 1966 and his J.D. degree from SMU School of Law in 1969. In 1995, he was named a Distinguished Alumnus of SMU and in 2002, he was named a Distinguished Alumnus of the SMU School of Law. Mr. Ford was named the 2008 Laureate to the Dallas Business Hall of Fame. Mr. Ford was elected to the Texas Business Hall of Fame in 2014. In 2015 he was the recipient of the Award for Excellence in Philanthropy by the Dallas Historical Society. Mr. Ford has served on the FCX Board since 2000, as Lead Independent Director from June 2013 to December 2015 and as non-executive Chairman of the Board since December 2015.
Richard C. Adkerson
Richard C. Adkerson is Vice Chairman, President 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 is a current member and past Chairman of the International Council on Mining and Metals. He is a member of The Business Council, the Business Roundtable and 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 the Arizona Commerce Authority, Greater Phoenix Leadership and the Dean’s Council of 100 for the Arizona State University W.P. Carey School of Business. He is past Chairman and currently serves on the Board of Trustees of the National WWII Museum, serves on the Board of Visitors of the M.D. Anderson Cancer Center in Houston, Texas, and was Campaign Chair of the Banner MD 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 of the Mississippi State University Foundation Board of Directors and served as its President. He chaired Mississippi State’s “State of the Future” capital campaign and serves on the University’s Advisory Board of the College of Business. 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 W.P. Carey School of Business Dean’s Council at Arizona State University in 2011. He was named Best CEO in Metals and Mining by Institutional Investor magazine for eight years. Mr. Adkerson has served on the FCX Board since 2006.
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 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.
Dustan E. McCoy
Mr. McCoy 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.
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. 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 has over 25 years of experience in legal, law enforcement and security. She currently serves as Executive Vice President of Worldwide Government, Legal and Business Affairs at MacAndrews & Forbes Incorporated and as a director of Scientific Games Corporation, SciPlay Corporation and Chubb Limited. 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. Ms. Townsend joined the FCX Board in December 2013.