Freeport-McMoRan Inc. announced the appointment of David P. Abney and Robert “Bob” W. Dudley to its Board of Directors. Mr. Abney retired as Chairman and Chief Executive Officer of United Parcel Service Inc. in 2020. He served as CEO beginning in 2014 and previously served as the Chief Operating Officer of UPS. Mr. Abney had an accomplished and highly successful 46-year career at UPS, including executive management roles in operations, international development, logistics, sustainability and engineering across all facets of the UPS global transportation network. Mr. Dudley is the retired Group Chief Executive of BP, p.l.c., a position he held from 2010 to 2020. Mr. Dudley had a distinguished career with BP and its predecessors spanning over 40 years, serving in a broad range of engineering, commercial, strategic, international and executive roles. FCX’s Board of Directors is now comprised of eight members, including seven independent directors. As previously announced, Gerald J. Ford, former non-executive Chairman of the Board, will retire as a director effective upon the expiration of his current term, which ends in June 2021. Further additions to the Board are anticipated.
Freeport-McMoRan Inc. specializes in the exploration and operation of copper and gold mines located primarily in the United States, Peru, Chile, Indonesia and Congo. Net sales break down by family of products as follows:
- copper (74.6%): refined copper and copper concentrates (4.1 billion ounces sold in 2023);
- gold (14.5%): 1,713,000 ounces sold;
- molybdenum (8.4%): 1.3 billion ounces sold;
- other (2.5%).
Net sales are distributed geographically as follows: the United States (31.8%), Switzerland (17.4%), Japan (15%), Spain (5.5%), Singapore (5.1%), China (4.7%), Indonesia (3.3%), Germany (3.1%), Chile (1.9%), the United Kingdom (0.7%), and other (11.5%).
FREEPORT-MCMORAN INC. 
