Freeport-McMoRan Inc. announced the appointment of Joshua F. “Josh” Olmsted as President and Chief Operating Officer – Americas upon the retirement of Harry M. “Red” Conger, IV (age 64). Following a successful 33-year career with Freeport-McMoRan, Red Conger has elected to retire effective September 1, 2020. Josh Olmsted (age 49) currently serves as Senior Vice President – Americas. He has 28 years of experience in the Freeport-McMoRan organization, including senior leadership roles at several operating sites in the U.S. and South America. Over the last four years, he has assumed increasing leadership responsibilities within the Company’s Americas organization and has been highly effective in driving critical operational, technology and transformational initiatives currently in progress.
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%).