Message #10 From:
Stock News Bot Date: October 31, 2006 11:27:00 AM
FCX News Freeport-McMoRan Copper & Gold Inc. Announces Election of Richard C. Adkerson to its Board of Directors
NEW ORLEANS--(BUSINESS WIRE)--Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX)announced
today that Richard C. Adkerson has been elected to its Board of
Directors. Mr. Adkerson currently serves as President and Chief
Executive Officer of FCX.
Mr. Adkerson, age 59, graduated with highest honors in 1969 and received
an MBA degree in 1970 from Mississippi State University. In 1988, he
completed the Advanced Management Program of the Harvard Business
School. Prior to joining Freeport-McMoRan, he worked extensively with
the Company, initially as an auditor and later as a financial advisor.
Mr. Adkerson served as a Professional Accounting Fellow at the
Securities and Exchange Commission where he led the development of
accounting and disclosure standards for the oil and gas industry in the
late 1970s and then became a leading partner in Arthur Andersen & Co.
where he headed its global oil and gas practice during the 1980s. He
joined Freeport-McMoRan in 1989 and became Chief Financial Officer in
1992. Mr. Adkerson has served as President of FCX since 1997 and as
President and Chief Executive Officer since 2003.
“Richard Adkerson has been a
tremendous asset to our organization since joining over 17 years ago,”
said James R. Moffett, Chairman of the Board of FCX. “Following
our discovery of the Grasberg mine, he actively participated in the
major financings and development activities associated with this world
class asset.Beginning in 2000, Richard led the successful
restructuring of our balance sheet, which together with the continuing
strength of our operations, significantly enhanced the financial markets’
perception of our Company.We are pleased to welcome Richard to
our Board of Directors.”
FCX explores for, develops, mines and processes ore containing copper,
gold and silver in Indonesia, and smelts and refines copper concentrates
in Spain and Indonesia. Additional information on FCX is available on
our web site, www.fcx.com.
