Freeport-McMoRan Inc. Appoints Hugh Grant to its Board of Directors
December 09, 2021 at 04:33 pm EST
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Freeport-McMoRan Inc. announced the appointment of Hugh Grant to its board of directors. Grant is the retired Chairman of the Board and Chief Executive Officer of Monsanto Company. He served in this role from 2003 until the merger of Monsanto Company and Bayer AG in 2018. Over his 37-year distinguished career with Monsanto, he managed key elements of its business in Asia, Europe and the United States. Grant serves as Lead Director, Chair of the Nominating and Governance Committee and a member of the Officers-Directors Compensation Committee of PPG Industries Inc. and as a member of The Business Council.
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%).