FREEPORT-McMoRan COPPER & GOLD INC. ELECTS NEW BOARD MEMBERS AND OFFICERS.NEW ORLEANS--(BUSINESS WIRE)--August 2, 1995--Freeport-McMoRan Copper & Gold Inc. (FCX FCX French Connexion (gaming site) FCX Freeport-McMoran Copper & Gold Inc (stock symbol) FCX Fuel Cell Experiment (Honda) FCX Fire Coordination Exercise FCX Fire Control Exercise ) announced today the election of new Board members and officers now that the restructuring activities of Freeport-McMoRan Inc. (NYSE NYSE See: New York Stock Exchange :FTX (Fault Tolerant UNIX) Stratus Computer's version of Unix System V for its XA/R fault tolerant computer systems. See also FTTx. (operating system) FTX - Stratus' Unix operating system. ) are completed. On May 3, 1994, FTX announced that it was pursuing a restructuring plan which involved the pro rata [Latin, Proportionately.] A phrase that describes a division made according to a certain rate, percentage, or share. In a Bankruptcy case, when the debtor is insolvent, creditors generally agree to accept a pro rata share of what is owed to them. distribution of all its ownership of Freeport-McMoRan Copper & Gold Inc. Class B common shares (NYSE:FCX.B) to FTX common shareholders. On July 5, 1995, a distribution of FCX.B was declared to holders of FTX common stock of record at the close of business on July 17, 1995. FCX.B certificates were mailed to FTX shareholders on July 28, 1995. As a result, FTX no longer owns any interest in FCX. FTX's business activities now essentially consist of its 51 percent ownership interest in its agricultural minerals affiliate, Freeport-McMoRan Resource Partners (NYSE:FRP FRP Fremskrittspartiet (Norwegian: Progress Party; political party) FRP Fiberglass-Reinforced Plastic FRP Fiber Reinforced Polymer FRP Fibre Reinforced Polymer FRP Fleet Response Plan (US Navy) ). The new Board members of FCX, who will remain members of the FTX Board, will now be able to lend their guidance and expertise to FCX as an independent entity. The new FCX Board members include: Robert W. Bruce III, President, The Robert Bruce The following have been known as Robert Bruce: Those belonging to the Bruce family of Scotland: Note: There are currently discrepancies between this list and the actual article contents. Management Co., Inc. Thomas B. Coleman, Managing Partner and Chief Executive Officer, International-Matex Tank Terminals. Dr. William H. Cunningham, Chancellor, The University of Texas System. Robert A. Day, Chairman, Trust Company of the West. William B. Harrison William Benjamin Harrison was mayor of Louisville, Kentucky from 1927 to 1933. He graduated from Louisville Male High School in 1907 and the University of Virginia School of Law in 1910. He served as a captain in the United States Army during World War I. , Jr., Vice Chairman, Chemical Banking Corporation and Chemical Bank. Dr. Henry A. Kissinger, Chairman of the Board and Chief Executive Officer, Kissinger Associates Kissinger Associates, Inc., founded in 1982, is a New York City-based international consulting firm, founded and run by Henry Kissinger. The firm assists its clients in identifying strategic partners and investment opportunities, and advises clients on government relations , Inc. B.L. Lackey, President and Chief Executive Officer, J.S. McManus Produce Company, Inc. Gabrielle K. McDonald, Judge, International Criminal Tribunal for the Former Yugoslavia and Distinguished Visiting Professor Distinguished Visiting Professor is an academic title bestowed by American Universities on prominent scholars who have been invited to teach a course in their area of expertise for one semester or more to enrolled undergraduate and graduate students. of Law, Thurgood Marshall Law School, Texas Southern University. George Putnam, Chairman of The Putnam Investment Management Company, Inc. B.M. Rankin, Jr., Private Investor. Benno C. Schmidt, Senior Partner, J.H. Whitney & Co. Dr. J. Taylor Wharton, Chairman of the Department of Gynecology, The University of Texas M.D. Anderson Cancer Center. Ward W. Woods, Jr., President and Chief Executive Officer, Bessemer Securities Corporation. As a result of the addition of these individuals name above, the FCX Board of Directors will now total 20 members. In addition, FCX announced today the election of the following officers: James R. Moffett has been elected Chief Executive Officer. He will remain Chairman of the Board. Rene L. Latiolais will remain Vice Chairman of the Board. George A. Mealey has been elected Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . He will remain President. Richard C. Adkerson has been elected Executive Vice President and will remain Chief Financial Officer. Charles W. Goodyear will remain Senior Vice President and Chief Investment Officer. James P. Jones has been elected General Counsel and he will remain Vice President. FCX is engaged in the exploration, mining and milling of copper, gold, and silver in Irian Jaya, Indonesia and the smelting and refining of copper concentrates in Spain. CONTACT: Freeport-McMoRan, New Orleans Craig E. Saporito, 504/582-4476 Chris D. Sammons, 504/582-4474 |
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