Freeport-McMoRan Announces Appointment of Independent Member to its Board of Directors
02 November 2021 - 8:51AM
Business Wire
Ryan M. Lance
Freeport-McMoRan Inc. (NYSE: FCX) announced
today the appointment of Ryan M. Lance to its Board of Directors
and as a member of the Corporate Responsibility Committee of the
Board of Directors.
Mr. Lance is the Chairman and Chief Executive Officer of
ConocoPhillips, one of the world’s largest independent exploration
and production companies. 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. He 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. Mr. Lance holds a B.S. in Petroleum Engineering from
Montana Technological University.
“We are pleased to welcome Ryan Lance to our Board,” said
Richard C. Adkerson, Chairman and Chief Executive Officer. “As a
CEO currently leading a large, successful international natural
resource company, Ryan’s broad experience on global business
matters relevant to Freeport will be valuable to our Board and
management team. We look forward to his counsel and
contributions.”
Adkerson continued, “With the addition of Ryan Lance and the
four members added earlier in 2021, FCX now has an exceptional
Board, including nine independent directors with diverse business
experiences applicable to our business and strong corporate
governance credentials. I am personally grateful to each of our
directors for their willingness to serve and contribute to the
future success of our Company for the benefit of all our
stakeholders.”
FCX’s Board of Directors is now comprised of ten members,
including nine independent directors, with a wide breadth of
business experiences.
FREEPORT: Foremost in Copper
FCX 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. Additional information about FCX is available on FCX's
website at fcx.com.
Cautionary Statement Regarding Forward-Looking
Statements: This press release contains forward-looking
statements, which are all statements other than statements of
historical facts. FCX cautions readers that forward-looking
statements are not guarantees of future performance and actual
results may differ materially from those anticipated, expected,
projected or assumed in the forward-looking statements. Important
factors that can cause FCX's actual results to differ materially
from those anticipated in the forward-looking statements include,
but are not limited to, the factors described in more detail under
the heading “Risk Factors” in FCX's Annual Report on Form 10-K for
the year ended December 31, 2020, filed with the U.S. Securities
and Exchange Commission (SEC).
Investors are cautioned that many of the assumptions on which
FCX's forward-looking statements are based are likely to change
after the date the forward-looking statements are made, including
for example commodity prices, which FCX cannot control, and
production volumes and costs, some aspects of which FCX may not be
able to control. Further, FCX may make changes to its business
plans that could affect its results. FCX cautions investors that it
undertakes no obligation to update forward-looking statements,
which speak only as of the date made, notwithstanding any changes
in its assumptions, changes in business plans, actual experience or
other changes.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211101005993/en/
Financial Contacts: Kathleen L. Quirk (602) 366-8016 David P.
Joint (504) 582-4203 Media Contact: Linda S. Hayes (602)
366-7824
Freeport McMoRan (NYSE:FCX)
Historical Stock Chart
From Apr 2024 to May 2024
Freeport McMoRan (NYSE:FCX)
Historical Stock Chart
From May 2023 to May 2024