Freeport-McMoRan Management
Management criteria checks 3/4
Freeport-McMoRan's CEO is Richard Adkerson, appointed in Dec 2003, has a tenure of 20.42 years. total yearly compensation is $24.02M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 0.34% of the company’s shares, worth ARS214.89B. The average tenure of the management team and the board of directors is 3.7 years and 6.5 years respectively.
Key information
Richard Adkerson
Chief executive officer
US$24.0m
Total compensation
CEO salary percentage | 7.5% |
CEO tenure | 20.4yrs |
CEO ownership | 0.3% |
Management average tenure | 3.7yrs |
Board average tenure | 6.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Mar 31 2024 | n/a | n/a | US$2b |
Dec 31 2023 | US$24m | US$2m | US$2b |
Sep 30 2023 | n/a | n/a | US$2b |
Jun 30 2023 | n/a | n/a | US$2b |
Mar 31 2023 | n/a | n/a | US$3b |
Dec 31 2022 | US$21m | US$2m | US$3b |
Sep 30 2022 | n/a | n/a | US$4b |
Jun 30 2022 | n/a | n/a | US$5b |
Mar 31 2022 | n/a | n/a | US$5b |
Dec 31 2021 | US$19m | US$2m | US$4b |
Sep 30 2021 | n/a | n/a | US$4b |
Jun 30 2021 | n/a | n/a | US$3b |
Mar 31 2021 | n/a | n/a | US$2b |
Dec 31 2020 | US$17m | US$613k | US$596m |
Sep 30 2020 | n/a | n/a | -US$104m |
Jun 30 2020 | n/a | n/a | -US$641m |
Mar 31 2020 | n/a | n/a | -US$766m |
Dec 31 2019 | US$16m | US$2m | -US$245m |
Sep 30 2019 | n/a | n/a | US$229m |
Jun 30 2019 | n/a | n/a | US$996m |
Mar 31 2019 | n/a | n/a | US$2b |
Dec 31 2018 | US$16m | US$2m | US$3b |
Sep 30 2018 | n/a | n/a | US$3b |
Jun 30 2018 | n/a | n/a | US$3b |
Mar 31 2018 | n/a | n/a | US$2b |
Dec 31 2017 | US$18m | US$2m | US$2b |
Compensation vs Market: Richard's total compensation ($USD24.02M) is above average for companies of similar size in the AR market ($USD5.93M).
Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.
CEO
Richard Adkerson (76 yo)
20.4yrs
Tenure
US$24,017,321
Compensation
Mr. Richard Carl Adkerson is President Commissioner of PT Freeport Indonesia. Mr. Adkerson serves as the Chairman of Freeport-McMoRan Inc. since February 2021 and also serves as its Chief Executive Officer...
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Chairman & CEO | 20.4yrs | US$24.02m | 0.34% $ 215.3b | |
President & Director | 3.3yrs | US$10.58m | 0.13% $ 84.7b | |
CFO & Senior VP | 2.2yrs | US$3.75m | 0.0018% $ 1.2b | |
Senior VP & Chief Administrative Officer | 5.3yrs | US$3.23m | 0.0069% $ 4.4b | |
Senior VP & General Counsel | 4.6yrs | US$2.93m | 0.0088% $ 5.6b | |
VP & Chief Accounting Officer | 1.9yrs | no data | 0.00067% $ 427.3m | |
VP, Chief Information Officer & Chief Innovation Officer | no data | no data | no data | |
Vice President of Investor Relations | no data | no data | no data | |
VP & Chief Human Resources Officer | no data | no data | no data | |
Senior Vice President of International Relations & Federal Government Affairs | no data | no data | no data | |
President & COO of Americas | 3.7yrs | no data | no data | |
VP & Chief Sustainability Officer | no data | no data | no data |
3.7yrs
Average Tenure
58.5yo
Average Age
Experienced Management: FCX's management team is considered experienced (3.7 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
Chairman & CEO | 17.6yrs | US$24.02m | 0.34% $ 215.3b | |
President & Director | 1.3yrs | US$10.58m | 0.13% $ 84.7b | |
Lead Independent Director | 17.3yrs | US$366.72k | 0.0043% $ 2.7b | |
Chairman Emeritus & Consultant | 8.4yrs | US$24.82m | no data | |
Member of Advisory Board | no data | US$779.79k | no data | |
Member of Advisory Board | no data | US$555.93k | no data | |
Independent Director | 10.4yrs | US$322.35k | 0.0077% $ 4.9b | |
Independent Director | 3.1yrs | US$322.35k | 0.00063% $ 401.8m | |
Independent Director | 2.8yrs | US$302.35k | 0.00026% $ 165.8m | |
Independent Director | 3.1yrs | US$302.35k | 0.00063% $ 401.8m | |
Independent Director | 4.6yrs | US$327.35k | 0.0064% $ 4.1b | |
Independent Director | 11.3yrs | US$322.35k | 0.0068% $ 4.3b |
6.5yrs
Average Tenure
68yo
Average Age
Experienced Board: FCX's board of directors are considered experienced (6.5 years average tenure).