Freeport-McMoRan Mourns the Passing of its Former Chairman, James Robert “Jim Bob” Moffett
January 10 2021 - 6:01PM
Business Wire
Freeport-McMoRan Inc. (NYSE: FCX) announced today with great
sadness that James Robert “Jim Bob” Moffett of Austin, Texas passed
away at the age of 82. Mr. Moffett served as Chairman of
Freeport-McMoRan from 1984-2015 and CEO from 1984-2003. Mr. Moffett
co-founded McMoRan Exploration Co. in 1969 with B. M. “Mack”
Rankin, Jr. (deceased) and W. K. McWilliams (deceased). In 1981,
under Mr. Moffett’s leadership, McMoRan merged with Freeport
Minerals Company to form one of the world’s leading natural
resource companies, Freeport-McMoRan Inc. (FTX), FCX’s former
parent company.
“Jim Bob was a legend and visionary in the natural resource
industry,” said Gerald Ford, Chairman of the Board of FCX, and
Richard Adkerson, Vice Chairman and Chief Executive Officer. “Jim
Bob’s passion and relentless drive as an explorationist led to the
discovery and development of world class oil and gas and mineral
deposits over his long career. Our thoughts and prayers are with
his family, friends and loved ones during this time.”
Mr. Moffett was well known in the natural resources industry for
his leadership and vision. He loved the University of Texas at
Austin, where he played football on an athletic scholarship, and
received a Bachelor of Science degree with special honors in
Geology in 1961. In 1963, he received a Master of Science degree in
Geology from Tulane University. He also received an Honorary Doctor
of Science degree from Louisiana State University and a Doctor of
Financial Economics, Honoris Causa, degree from the University of
New Orleans.
Mr. Moffett was a noted civic leader and received many awards
during his career, including the 1990 Horatio Alger Association of
Distinguished Americans Award. In 2000, he received that
Association’s Norman Vincent Peale Award for his exceptional
humanitarian contributions to society. He is also a member of the
University of Texas McCombs School of Business Hall of Fame and the
American Mining Hall of Fame, Mining Foundation of the
Southwest.
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.
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