Freeport-McMoRan – Hugh Grant to its Board of Directors

Freeport-McMoRan Announces Appointment of Hugh Grant to its Board of Directors

PHOENIX, AZ (STL.News) Freeport-McMoRan Inc. (NYSE: FCX) announced Thursday the appointment of Hugh Grant to its Board of Directors.

Mr. Grant is the retired Chairman of the Board and Chief Executive Officer of Monsanto Company, a global provider of technology-based solutions and agricultural products.  He served in this role from 2003 until the merger of Monsanto Company and Bayer AG in 2018.  Over his 37-year distinguished career with Monsanto, he managed key elements of its business in Asia, Europe, and the United States. Mr. Grant serves as Lead Director, Chair of the Nominating and Governance Committee, and a member of the Officers-Directors Compensation Committee of PPG Industries, Inc., and as a member of The Business Council.  In 2009, he was named one of the world’s 30 most respected CEOs on Barron’s annual list and in 2010 CEO of the Year by Chief Executive magazine. Born in Larkhall, Scotland, Mr. Grant earned a B.S. (Honors) in Molecular Biology and Agricultural Zoology at Glasgow University.  He also earned a Post Graduate Diploma in Agriculture at Edinburgh University and an M.B.A. at the International Management Centre in Buckingham, United Kingdom.

Richard C. Adkerson, Chairman, and Chief Executive Officer said, “We are pleased to welcome to our Board, Hugh Grant, a widely recognized international business leader with significant operational, strategic, environmental, and technology experience relevant to our company.  We look forward to his guidance and counsel as we execute our clearly defined strategy of being foremost in the global copper industry.  With Hugh’s appointment, we have completed our commitment to creating a sustainable Board to support ongoing success for all our stakeholders.”

FCX’s Board of Directors is now comprised of eleven members, including ten exceptional independent directors with diverse experiences and with strong corporate governance credentials.