Business
Freeport-McMoRan Announces Leadership Transition; Kathleen Quirk to become Chief Executive Officer
Kathleen Quirk to become Chief Executive Officer Richard Adkerson to continue as Chairman of the Board PHOENIX / Feb 06, 2024 / Business Wire /
About this update from Freeport-mcmoran, Inc.
[{"type":"text","content":" Kathleen Quirk to become Chief Executive Officer Richard Adkerson to continue as Chairman of the Board PHOENIX / Feb 06, 2024 / Business Wire / Freeport-McMoRan Inc. (NYSE: FCX) announced today the appointment of Kathleen L. Quirk as President and Chief Executive Officer to be effective at the annual meeting of shareholders on June 11, 2024. Ms. Quirk will assume full responsibility for executive management of the business reporting to the FCX Board of Directors. Richard C. 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. Dusty McCoy, Lead Independent Director commented, “For some time, the Board has been engaged in a process to identify Richard’s successor. Kathleen has earned the respect of the Board, the Freeport organization and external stakeholders through her track record of accomplishment, proven leadership and mission for value creation for all stakeholders. Through her 35‐year career with the company, she has broad knowledge of Freeport’s business and operations, its people and culture, and is highly qualified to lead Freeport as CEO.” Mr. McCoy continued, “The Board is grateful to Richard for his outstanding leadership as CEO and for his vision and execution to position our company so positively for the future. During his 20‐year tenure as CEO, Richard has established Freeport as a global leader in the copper industry, delivered on building value for stakeholders and built a strong organization and high-performance culture. Richard’s ongoing commitment to support the company on global matters of strategic importance to Freeport and the copper industry broadly will continue to provide significant value.” 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. She was named President of FCX 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. Ms. Quirk is a graduate of Louisiana State University. Ms. Quirk commented, “I am excited to lead this great company. We hav...