Freeport-McMoRan Announces Appointment of Two Independent Members to its Board of Directors
August 02 2021 - 6:31PM
Business Wire
Marcela E. Donadio
Sara Grootwassink Lewis
Freeport-McMoRan Inc. (NYSE: FCX) announced today the
appointment of Marcela E. Donadio and Sara Grootwassink Lewis to
its Board of Directors.
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. 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.
“We are delighted to welcome these highly qualified and
knowledgeable executives to our Board,” said Richard C. Adkerson,
Chairman and Chief Executive Officer. “Marcela and Sara each have
proven track records in business, finance, financial accounting and
controls, and corporate governance. Their skills and experiences
will strengthen our Board in fulfilling its responsibilities to our
stakeholders and in supporting our management team, as we
relentlessly pursue the extraordinary opportunities ahead to build
value responsibly in our global business. We look forward to their
counsel and contributions.”
FCX’s Board of Directors is now comprised of nine members,
including eight independent directors. With these additions to the
Board, average director tenure is approximately five years.
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.
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Financial Contacts: Kathleen L. Quirk (602) 366-8016
David P. Joint (504) 582-4203
Media Contact: Linda S. Hayes (602) 366-7824
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