Freeport-McMoRan Copper & Gold Inc. Announces Election of Richard C. Adkerson to its Board of Directors.NEW ORLEANS New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded -- Freeport-McMoRan Copper & Gold Inc. (NYSE NYSE See: New York Stock Exchange : 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 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 MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration degree in 1970 from Mississippi State University Mississippi State University, at Mississippi State, near Starkville; land-grant and state supported; coeducational; chartered 1878 as an agricultural and mechanical college, opened 1880. From 1932 to 1958 it was known as Mississippi State College. . In 1988, he completed the Advanced Management Program of the Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . 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 For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing & 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. |
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