Freeport-McMoRan Management

Management criteria checks 3/4

Freeport-McMoRan's CEO is Kathleen Quirk, appointed in Feb 2021, has a tenure of 3.75 years. total yearly compensation is $10.58M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.13% of the company’s shares, worth €77.38M. The average tenure of the management team and the board of directors is 4 years and 7 years respectively.

Key information

Kathleen Quirk

Chief executive officer

US$10.6m

Total compensation

CEO salary percentage	9.7%
CEO tenure	3.8yrs
CEO ownership	0.1%
Management average tenure	4yrs
Board average tenure	7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kathleen Quirk's remuneration changed compared to Freeport-McMoRan's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$2b
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$11m	US$1m	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$10m	US$1m	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$7m	US$967k	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$6m	US$307k	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$6m	US$800k	-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$7m	US$800k	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$9m	US$775k	US$2b

Compensation vs Market: Kathleen's total compensation ($USD10.58M) is above average for companies of similar size in the Austrian market ($USD4.29M).

Compensation vs Earnings: Kathleen's compensation has been consistent with company performance over the past year.

CEO

Kathleen Quirk (60 yo)

3.8yrs

Tenure

US$10,576,412

Compensation

Ms. Kathleen Lynne Quirk is Commissioner of PT Freeport Indonesia. Ms. Quirk serves as the President of McMoRan Exploration Company (formerly known as Freeport-Mcmoran Inc). since February 2021, served as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kathleen Quirk	CEO, President & Director	3.8yrs	US$10.58m	0.13% € 77.4m
Maree Robertson	Executive VP & CFO	2.7yrs	US$3.75m	0.00093% € 542.0k
Stephen Higgins	Executive VP & Chief Administrative Officer	5.8yrs	US$3.23m	0.0069% € 4.0m
Douglas Currault	Executive VP & General Counsel	5.1yrs	US$2.93m	0.0088% € 5.1m
Ellie Mikes	VP & Chief Accounting Officer	2.4yrs	no data	0.00067% € 390.5k
Bertrand Odinet	VP, Chief Information Officer & Chief Innovation Officer	no data	no data	no data
David Joint	Vice President of Investor Relations	no data	no data	no data
Pamela Masson	VP & Chief Human Resources Officer	no data	no data	no data
W. King	Senior Vice President of International Relations & Federal Government Affairs	no data	no data	no data
Joshua Olmsted	President & COO of Americas	4.2yrs	no data	no data
William Cobb	VP & Chief Sustainability Officer	no data	no data	no data
Daniel Kravets	Senior VP & Chief Commercial Officer	no data	no data	no data

4.0yrs

Average Tenure

59yo

Average Age

Experienced Management: FCX's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kathleen Quirk	CEO, President & Director	1.8yrs	US$10.58m	0.13% € 77.4m
Dustan McCoy	Lead Independent Director	17.8yrs	US$366.72k	0.0046% € 2.7m
James Moffett	Chairman Emeritus & Consultant	8.9yrs	US$24.82m	no data
Richard Adkerson	Chairman	18.1yrs	US$24.02m	0.29% € 171.8m
J. Johnston	Member of Advisory Board	no data	US$779.79k	no data
J. Roy	Member of Advisory Board	no data	US$555.93k	no data
Lydia Kennard	Independent Director	10.9yrs	US$322.35k	0.0080% € 4.7m
David Abney	Independent Director	3.6yrs	US$322.35k	0.00097% € 565.3k
Marcela Donadio	Independent Director	3.3yrs	US$302.35k	0.00026% € 151.5k
Robert Dudley	Independent Director	3.6yrs	US$302.35k	0.00097% € 565.3k
John Stephens	Independent Director	5.1yrs	US$327.35k	0.0065% € 3.8m
Frances Townsend	Independent Director	11.8yrs	US$322.35k	0.0071% € 4.2m

7.0yrs

Average Tenure

69yo

Average Age

Experienced Board: FCX's board of directors are considered experienced (7 years average tenure).

Freeport-McMoRan Management

Management criteria checks 3/4

Key information

Recent management updates

Chairman & CEO recently sold €2.6m worth of stock

Freeport-McMoRan Inc. Announces Chief Executive Officer Changes

Insider recently bought €129k worth of stock

Freeport-McMoRan Inc. Announces Appointment of Kathleen L. Quirk to Its Board of Directors

Insider recently bought €989k worth of stock

Independent Director recently bought €85k worth of stock

Recent updates

Freeport-McMoRan Inc. Provides Consolidated Sales and Production Guidance for the Year 2024

Freeport-McMoRan Inc. Provides Consolidated Sales and Production Guidance for the Year 2024

Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.31 in 3Q 2023)

Second quarter dividend of US$0.15 announced

Second quarter 2024 earnings released: EPS: US$0.43 (vs US$0.24 in 2Q 2023)

Freeport-Mcmoran Inc. Provides Consolidated Sales Guidance for the Third Quarter and Full Year of 2024

Freeport-Mcmoran Inc. Provides Consolidated Sales Guidance for the Third Quarter and Full Year of 2024

Freeport-McMoRan Inc. to Report Q2, 2024 Results on Jul 23, 2024

First quarter dividend of US$0.075 announced

Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on August 1, 2024

Chairman & CEO recently sold €2.6m worth of stock

First quarter 2024 earnings released: EPS: US$0.33 (vs US$0.46 in 1Q 2023)

Fourth quarter dividend of US$0.075 announced

Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on May 1, 2024

Freeport-McMoRan Inc. Announces Chief Executive Officer Changes

Freeport-McMoRan Inc. Provides Consolidated Sales Guidance for the First-Quarter and Full Year of 2024

Full year 2023 earnings released: EPS: US$1.28 (vs US$2.40 in FY 2022)

Freeport-McMoRan Inc. Provides Consolidated Sales Guidance for the First-Quarter and Full Year of 2024

New major risk - Share price stability

Freeport-McMoRan Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on February 1, 2024

New minor risk - Share price stability

Third quarter 2023 earnings released: EPS: US$0.32 (vs US$0.28 in 3Q 2022)

Upcoming dividend of US$0.15 per share at 1.7% yield

Now 23% undervalued

Freeport-Mcmoran Declares Quarterly Cash Dividends, Payable on November 1, 2023

Now 21% undervalued

Second quarter 2023 earnings released: EPS: US$0.24 (vs US$0.58 in 2Q 2022)

Upcoming dividend of US$0.15 per share at 1.5% yield

Now 20% undervalued after recent price drop

Insider recently bought €129k worth of stock

Freeport-McMoRan Inc. Provides Update on PT Freeport Indonesia Operations

Freeport-McMoRan Inc. Announces Appointment of Kathleen L. Quirk to Its Board of Directors

Full year 2022 earnings released: EPS: US$2.39 (vs US$2.93 in FY 2021)

Now 20% undervalued

Upcoming dividend of US$0.075 per share

Freeport-McMoRan Inc. Declares Quarterly Cash Dividend, Payable on February 1, 2023

Freeport Reportedly in Talks to Buy Arizona Smelter

Third quarter 2022 earnings released: EPS: US$0.28 (vs US$0.95 in 3Q 2021)

Upcoming dividend of US$0.15 per share

Freeport-Mcmoran Inc. Declares Quarterly Cash Dividends on Common Stock, Payable on November 1, 2022

Insider recently bought €989k worth of stock

Independent Director recently bought €85k worth of stock

Second quarter 2022 earnings released: EPS: US$0.58 (vs US$0.73 in 2Q 2021)

Upcoming dividend of US$0.15 per share

Freeport-Mcmoran Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on August 1, 2022

Insider recently bought €468k worth of stock

High number of new directors

First quarter 2022 earnings released: EPS: US$1.04 (vs US$0.49 in 1Q 2021)

Freeport-McMoRan Inc., Annual General Meeting, Jun 09, 2022

Upcoming dividend of US$0.15 per share

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Freeport-Mcmoran Inc. Appoints Hugh Grant to Serve on the Compensation Committee of the Board

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.15 per share

Third quarter 2021 earnings released: EPS US$0.94 (vs US$0.22 in 3Q 2020)

Upcoming dividend of US$0.075 per share

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Second quarter 2021 earnings released: EPS US$0.73 (vs US$0.036 in 2Q 2020)

Upcoming dividend of US$0.075 per share

Freeport-McMoRan Inc.(NYSE:FCX) dropped from Russell Midcap Index

Independent Non-Executive Director recently sold €612k worth of stock

VP & Controller of Financial Reporting recently sold €172k worth of stock

Independent Non-Executive Director recently sold €110k worth of stock

Freeport-Mcmoran Inc. Provides Consolidated Operating Guidance for the Year 2021

First quarter 2021 earnings released: EPS US$0.48 (vs US$0.34 loss in 1Q 2020)

Upcoming dividend of US$0.075 per share