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
| 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 UK market ($USD5.74M).
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 |
|---|---|---|---|---|
| CEO, President & Director | 3.8yrs | US$10.58m | 0.13% € 77.4m | |
| Executive VP & CFO | 2.7yrs | US$3.75m | 0.00093% € 542.0k | |
| Executive VP & Chief Administrative Officer | 5.8yrs | US$3.23m | 0.0069% € 4.0m | |
| Executive VP & General Counsel | 5.1yrs | US$2.93m | 0.0088% € 5.1m | |
| VP & Chief Accounting Officer | 2.4yrs | no data | 0.00067% € 390.5k | |
| 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 | 4.2yrs | no data | no data | |
| VP & Chief Sustainability Officer | no data | no data | no data | |
| Senior VP & Chief Commercial Officer | no data | no data | no data |
4.0yrs
Average Tenure
59yo
Average Age
Experienced Management: FPMBD's management team is considered experienced (4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 1.8yrs | US$10.58m | 0.13% € 77.4m | |
| Lead Independent Director | 17.8yrs | US$366.72k | 0.0046% € 2.7m | |
| Chairman Emeritus & Consultant | 8.9yrs | US$24.82m | no data | |
| Chairman | 18.1yrs | US$24.02m | 0.29% € 171.8m | |
| Member of Advisory Board | no data | US$779.79k | no data | |
| Member of Advisory Board | no data | US$555.93k | no data | |
| Independent Director | 10.9yrs | US$322.35k | 0.0080% € 4.7m | |
| Independent Director | 3.6yrs | US$322.35k | 0.00097% € 565.3k | |
| Independent Director | 3.3yrs | US$302.35k | 0.00026% € 151.5k | |
| Independent Director | 3.6yrs | US$302.35k | 0.00097% € 565.3k | |
| Independent Director | 5.1yrs | US$327.35k | 0.0065% € 3.8m | |
| Independent Director | 11.8yrs | US$322.35k | 0.0071% € 4.2m |
7.0yrs
Average Tenure
69yo
Average Age
Experienced Board: FPMBD's board of directors are considered experienced (7 years average tenure).