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 CHF73.33M. 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 ($USD10.58M) is above average for companies of similar size in the Swiss market ($USD4.75M).

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% CHF 73.3m
Maree Robertson	Executive VP & CFO	2.7yrs	US$3.75m	0.00093% CHF 513.6k
Stephen Higgins	Executive VP & Chief Administrative Officer	5.8yrs	US$3.23m	0.0069% CHF 3.8m
Douglas Currault	Executive VP & General Counsel	5.1yrs	US$2.93m	0.0088% CHF 4.8m
Ellie Mikes	VP & Chief Accounting Officer	2.4yrs	no data	0.00067% CHF 370.0k
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% CHF 73.3m
Dustan McCoy	Lead Independent Director	17.8yrs	US$366.72k	0.0046% CHF 2.6m
James Moffett	Chairman Emeritus & Consultant	8.9yrs	US$24.82m	no data
Richard Adkerson	Chairman	18.1yrs	US$24.02m	0.29% CHF 162.8m
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% CHF 4.4m
David Abney	Independent Director	3.6yrs	US$322.35k	0.00097% CHF 535.7k
Marcela Donadio	Independent Director	3.3yrs	US$302.35k	0.00026% CHF 143.6k
Robert Dudley	Independent Director	3.6yrs	US$302.35k	0.00097% CHF 535.7k
John Stephens	Independent Director	5.1yrs	US$327.35k	0.0065% CHF 3.6m
Frances Townsend	Independent Director	11.8yrs	US$322.35k	0.0071% CHF 3.9m

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 CHF2.5m worth of stock

Freeport-McMoRan Inc. Announces Chief Executive Officer Changes

Insider recently bought CHF125k worth of stock

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

Insider recently bought CHF958k worth of stock

Independent Director recently bought CHF83k 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)

Upcoming dividend of US$0.15 per share

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 CHF2.5m 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)

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

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

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

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

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

Insider recently bought CHF125k 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)

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 CHF958k worth of stock

Independent Director recently bought CHF83k 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 CHF480k worth of stock

High number of new directors

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

Upcoming dividend of US$0.15 per share

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

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

High number of new directors

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

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 CHF669k worth of stock

VP & Controller of Financial Reporting recently sold CHF189k worth of stock

Independent Non-Executive Director recently sold CHF122k 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

Independent Non-Executive Director recently sold CHF9.2m worth of stock

VP & Controller of Financial Reporting recently sold CHF220k worth of stock

Full year 2020 earnings released: EPS US$0.41 (vs US$0.17 loss in FY 2019)

Revenue beats expectations

Freeport-McMoRan Inc. Announces Board Changes

Full year 2020 earnings released: EPS US$0.41 (vs US$0.17 loss in FY 2019)

Revenue beats expectations

New 90-day low: CHF11.10