BOARD OF DIRECTORS
Our Board of Directors is comprised of twelve members including ten 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 (Freeport). Effective at the annual meeting of shareholders on June 11, 2024, Mr. Adkerson will transition his duties as Chief Executive Officer to Kathleen Quirk. Mr. Adkerson will remain Chairman of the Board of Directors, supporting the leadership transition and Freeport’s business on strategic matters of significance to the company.
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 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 has been a member of the International Council on Mining and Metals since 2005 and served as Chair from 2008 - 2011 and 2020 - 2022. He is a member of The Business Council, the Business Roundtable and the Council on Foreign Relations. 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 served 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, an Emeritus member of 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 and The Richard C. Adkerson School of Accountancy is named in his honor. He was inducted into the American Mining Hall of Fame in 2010 and the National Mining Hall of Fame in 2023, received The American Institute of Mining, Metallurgical and Petroleum Engineers Charles F. Rand Memorial Award in 2011 and in 2009, he was the recipient of The Copper Club’s Ankh Award. 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 11 years, Mr. Adkerson was named The Best CEO in Metals and Mining by Institutional Investor magazine.
Mr. Adkerson has served as Chief Executive officer since 2003, has been 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 and served on The Business Council. Mr. Abney currently serves as a director of Northrop Grumman Corporation and Target Corporation. 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 LyondellBasell Industries N.V. He also served 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.
Mr. Grant is the retired Chairman of the Board and Chief Executive Officer of Monsanto Company, a global provider of technology-based solutions and agricultural products. He served in this role from 2003 until the merger of Monsanto Company and Bayer AG in 2018. Over his 37-year distinguished career with Monsanto, he managed key elements of its business in Asia, Europe and the United States. Mr. Grant serves as director of Linde plc and served as a member of The Business Council. Mr. Grant previously served as Independent Lead Director of PPG Industries, Inc. In 2009, he was named one of the world’s 30 most respected CEOs on Barron’s annual list and in 2010 CEO of the Year by Chief Executive magazine. Born in Larkhall, Scotland, Mr. Grant earned a B.S. (Honors) in Molecular Biology and Agricultural Zoology at Glasgow University. He also earned a Post Graduate Diploma in Agriculture at Edinburgh University and a M.B.A. at the International Management Centre in Buckingham, United Kingdom. Mr. Grant joined the FCX Board in December 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 Quality Engineering Solutions, a full-service pavement engineering and construction inspection firm. Ms. Kennard is also a founding principal of KDG Aviation, a developer and operator of aviation facilities. In addition, she serves on the Board of Directors of AECOM, Prologis, Inc. and Vulcan Materials Company. 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. from Harvard Law School, a Master in City Planning from Massachusetts Institute of Technology, and a B.A. 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 Elme Communities (f/k/a 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 Weyerhaeuser Company, and director and Chair of the Compensation and Human Capital Committee of Healthpeak Properties, 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.
Kathleen L. Quirk
Kathleen L. Quirk is President and a member of the Board of Directors of Freeport-McMoRan Inc (Freeport). Effective at the annual meeting of shareholders on June 11, 2024, Ms. Quirk will become President and Chief Executive Officer and will assume full responsibility for executive management of the business reporting to the Freeport Board of Directors.
Ms. Quirk joined Freeport in 1989 and had responsibility for a broad range of corporate functions, including Tax, Investor Relations, Corporate Development and Treasury before being named Chief Financial Officer in 2003. During that period, she was named Best CFO in Metals and Mining by Institutional Investor magazine on numerous occasions. She was named President of Freeport in 2021 and became a member of the Board of Directors in 2023. As a senior member of the company’s executive team for more than 20 years, she has been instrumental in Freeport’s strategic planning and execution of company goals. She currently serves on the Board of Directors of Vulcan Materials Company. Ms. Quirk is a graduate of Louisiana State University.
John J. Stephens
Mr. Stephens is the retired Senior Executive Vice President and Chief Financial Officer of AT&T Inc., a diversified global leader in telecommunications, media and entertainment, and technology, serving in this role from June 2011 to March 2021, where he was responsible for financial planning, corporate development, accounting, tax, auditing, treasury, investor relations and corporate real estate. Prior to this, Mr. Stephens held a series of successive positions in the finance department of AT&T. 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. and as a director and Audit Committee Chair of a large private food retailer. 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
Frances Fragos Townsend currently runs her own independent consulting business providing strategic advice to Boards and CEOs. Prior to that, she served as the Executive Vice President of Corporate Affairs, Chief Compliance Officer and Corporate Secretary at Activision Blizzard. From 2010 through 2020, Ms. Townsend worked at MacAndrews & Forbes Inc., a private investment firm, and concluded her tenure there as Vice Chairman, General Counsel and Chief Administrative Officer. In her ten years there, she focused internally on financial, legal and personnel issues, as well as international, compliance and business development across MacAndrews’ portfolio companies. From April 2009 to October 2010, Ms. Townsend was a corporate partner with the law firm of Baker Botts, LLP. From 2004 to 2008, Ms. Townsend served as Assistant to President George W. Bush for Homeland Security and Counterterrorism and chaired the Homeland Security Council. She also served as Deputy National Security Advisor for Combatting Terrorism from May 2003 to May 2004. Ms. Townsend spent 13 years at the U.S. Department of Justice under the administrations of President George H. W. Bush, President Bill Clinton and President George W. Bush. Ms. Townsend currently serves as a director of Chubb Limited and Leonardo DRS, Inc. Ms. Townsend also serves on multiple private company and non-profit Boards including, but not limited to, the Council on Foreign Relations, the Executive Committee of the Trilateral Commission, the Executive Committee of the Atlantic Council, the Center for Strategic and International Studies, and the McCain Institute for International Leadership. 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.