Freeport-McMoRan Announces Appointment of Two Independent Members to its Board of Directors

Marcela E. Donadio

Sara Grootwassink Lewis

PHOENIX, August 02, 2021–(Business enterprise WIRE)–Freeport-McMoRan Inc. (NYSE: FCX) declared right now the appointment of Marcela E. Donadio and Sara Grootwassink Lewis to its Board of Directors.

Ms. Donadio retired as a associate of Ernst & Young LLP, a multinational experienced companies company, in 2014. From 2007 right up until her retirement in 2014, she served as Americas Oil & Gasoline Sector Chief for Ernst & Youthful, with duty for 1 of the firm’s considerable marketplace groups. She suggested the firm’s oil and gasoline field purchasers in the United States and throughout the Americas on business strategies and economical issues. Ms. Donadio served as audit partner for many providers with domestic and international functions in the purely natural sources sector and held many electricity marketplace management positions during her career. She serves as Lead Impartial Director of Marathon Oil Corporation and as a director of NOV, Inc. and Norfolk Southern Corporation. Ms. Donadio has dual United States and Panamanian citizenship, retains a B.S. in Accounting from Louisiana Point out University and is a Accredited Public Accountant.

Ms. Lewis launched Lewis Corporate Advisors, a capital marketplaces and board advisory organization, in 2009, where by she served as main executive officer until 2018. Ms. Lewis has major executive, corporate finance and funds markets knowledge, and served as government vice president and chief economical officer of Washington Authentic Estate Expense Rely on. She has served on many general public business boards, like Solar Existence Monetary, a world-wide coverage and asset administration agency, where by she Chaired its Audit Committee. She now serves as a director and Chair of the Audit Committee of The Weyerhaeuser Firm, director and Chair of the Payment and Human Funds Committee of Healthpeak Attributes, Inc., and as director and Chair of the Audit Committee of Everside Wellness Team, Inc. Ms. Lewis serves on the Govt Committee and Board of Trustees of the Brookings Establishment, the Leadership Board for the U.S. Chamber of Commerce Center for Capital Markets Competitiveness, and the Heart for Audit Quality’s Audit Committee Council. She is a member of the Institute of Company Directors. Ms. Lewis is a Licensed Public Accountant and a Chartered Fiscal Analyst. She holds a B.S. in Finance from the College of Illinois at Urbana-Champaign.

“We are delighted to welcome these extremely qualified and professional executives to our Board,” stated Richard C. Adkerson, Chairman and Main Executive Officer. “Marcela and Sara each individual have demonstrated track data in small business, finance, monetary accounting and controls, and corporate governance. Their competencies and activities will reinforce our Board in fulfilling its responsibilities to our stakeholders and in supporting our administration workforce, as we relentlessly go after the incredible options ahead to construct value responsibly in our global business enterprise. We look ahead to their counsel and contributions.”

FCX’s Board of Administrators is now comprised of nine members, which includes eight unbiased administrators. With these additions to the Board, ordinary director tenure is roughly 5 several years.

FREEPORT: Foremost in Copper

FCX is a leading international mining business with headquarters in Phoenix, Arizona. FCX operates substantial, prolonged-lived, geographically varied belongings with considerable tested and possible reserves of copper, gold and molybdenum. FCX is 1 of the world’s most significant publicly traded copper producers.

FCX’s portfolio of belongings consists of the Grasberg minerals district in Indonesia, just one of the world’s major copper and gold deposits and important mining functions in North The united states and South The usa, such as the huge-scale Morenci minerals district in Arizona and the Cerro Verde operation in Peru.

By providing responsibly produced copper, FCX is very pleased to be a favourable contributor to the environment effectively over and above its operational boundaries. Supplemental information and facts about FCX is obtainable on FCX’s site at

Cautionary Statement With regards to Forward-Looking Statements: This press release has forward-on the lookout statements, which are all statements other than statements of historic specifics. FCX cautions viewers that ahead-seeking statements are not guarantees of future overall performance and real benefits may possibly vary materially from individuals anticipated, expected, projected or assumed in the forward-on the lookout statements. Significant elements that can result in FCX’s genuine success to vary materially from those people predicted in the forward-on the lookout statements involve, but are not restricted to, the factors explained in far more element below the heading “Risk Things” in FCX’s Once-a-year Report on Form 10-K for the year finished December 31, 2020, filed with the U.S. Securities and Trade Commission (SEC).

Investors are cautioned that several of the assumptions on which FCX’s forward-on the lookout statements are primarily based are likely to improve right after the day the ahead-searching statements are designed, together with for case in point commodity prices, which FCX can’t control, and generation volumes and charges, some factors of which FCX could not be equipped to regulate. Further more, FCX might make modifications to its business options that could impact its benefits. FCX cautions investors that it undertakes no obligation to update ahead-wanting statements, which speak only as of the day created, notwithstanding any modifications in its assumptions, modifications in enterprise ideas, genuine knowledge or other modifications.

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