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 0.33% of the company’s shares, worth $239.63M. 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

How has Richard Adkerson's remuneration changed compared to Freeport-McMoRan's earnings?
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 ($USD24.02M) is above average for companies of similar size in the CL market ($USD5.86M).

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
Richard Adkerson	Chairman & CEO	20.4yrs	US$24.02m	0.33% $ 239.6m
Kathleen Quirk	President & Director	3.3yrs	US$10.58m	0.13% $ 95.4m
Maree Robertson	CFO & Senior VP	2.2yrs	US$3.75m	0.0018% $ 1.3m
Stephen Higgins	Senior VP & Chief Administrative Officer	5.3yrs	US$3.23m	0.0069% $ 4.9m
Douglas Currault	Senior VP & General Counsel	4.6yrs	US$2.93m	0.0088% $ 6.3m
Ellie Mikes	VP & Chief Accounting Officer	1.9yrs	no data	0.00088% $ 631.2k
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	3.7yrs	no data	no data
William Cobb	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
Richard Adkerson	Chairman & CEO	17.6yrs	US$24.02m	0.33% $ 239.6m
Kathleen Quirk	President & Director	1.3yrs	US$10.58m	0.13% $ 95.4m
Dustan McCoy	Lead Independent Director	17.3yrs	US$366.72k	0.0043% $ 3.1m
James Moffett	Chairman Emeritus & Consultant	8.4yrs	US$24.82m	no data
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	10.4yrs	US$322.35k	0.0077% $ 5.5m
David Abney	Independent Director	3.1yrs	US$322.35k	0.00063% $ 451.9k
Marcela Donadio	Independent Director	2.8yrs	US$302.35k	0.00026% $ 186.5k
Robert Dudley	Independent Director	3.1yrs	US$302.35k	0.00063% $ 451.9k
John Stephens	Independent Director	4.6yrs	US$327.35k	0.0064% $ 4.6m
Frances Townsend	Independent Director	11.3yrs	US$322.35k	0.0068% $ 4.9m

6.5yrs

Average Tenure

68yo

Average Age

Experienced Board: FCX's board of directors are considered experienced (6.5 years average tenure).

Freeport-McMoRan Management

Management criteria checks 3/4

Key information

Recent management updates

Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 2024

Insider recently bought US$140k worth of stock

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

Insider recently bought US$988k worth of stock

Independent Director recently bought US$86k worth of stock

Insider recently bought US$501k worth of stock

Recent updates

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

Investor sentiment improves as stock rises 16%

New minor risk - Share price stability

Now 21% undervalued

Freeport-McMoRan Inc., Annual General Meeting, Jun 11, 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

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

Insider recently bought US$140k 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 US$988k worth of stock

Independent Director recently bought US$86k worth of stock

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

Investor sentiment deteriorated over the past week

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 US$501k worth of stock

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

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

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

Investor sentiment improved over the past week

Upcoming dividend of US$0.15 per share

Investor sentiment improved over the past week

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

Upcoming dividend of US$0.075 per share

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

Investor sentiment deteriorated over the past week

Independent Non-Executive Director recently sold US$746k worth of stock

VP & Controller of Financial Reporting recently sold US$207k worth of stock

Independent Non-Executive Director recently sold US$133k worth of stock

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

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

Upcoming dividend of US$0.075 per share

Independent Non-Executive Director recently sold US$10.0m worth of stock

VP & Controller of Financial Reporting recently sold US$246k worth of stock

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

Revenue beats expectations

Investor sentiment improved over the past week

New 90-day high: US$32.01

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 high: US$30.34

New 90-day high: US$23.90

VP & Controller of Financial Reporting recently sold US$50k worth of stock

VP & Controller of Financial Reporting recently sold US$50k worth of stock

New 90-day high: US$20.04

Revenue beats expectations