Kathleen L. Quirk

Board

Since June 11, 2024

Age

61 years

Education

Holds a Bachelor of Science in Accounting from Louisiana State University.

Tenure

Joined FCX in 1989 and has advanced through roles including Treasurer (2000–2018), Senior Vice President (2003–2007), Chief Financial Officer (2003–2022), Executive Vice President (2007–2021), President (2021–2024), and now serves as Chief Executive Officer since June 11, 2024.

Also at FREEPORT-MCMORAN

RCA

Richard C. Adkerson

Chairman of the Board

DNCI

Douglas N. Currault II

Senior Vice President and General Counsel

MER

Maree E. Robertson

Executive Vice President and CFO

About

Kathleen L. Quirk has built a distinguished career over more than three decades, demonstrating unwavering commitment to the growth and success of FCX. Born in 1964, she has distinguished herself through extensive expertise in financial management and strategic leadership, becoming a well-respected figure in the mining and metals industry.

Her professional journey at FCX began in 1989, and over the years she has played pivotal roles that include serving as Treasurer, Senior Vice President, Chief Financial Officer, Executive Vice President, and President. Her career progression is marked by her ability to navigate complex financial landscapes and lead major strategic initiatives, culminating in her promotion to Chief Executive Officer on June 11, 2024.

Beyond her responsibilities at FCX, her contributions extend to board-level leadership as demonstrated by her role on the Board of Directors for Vulcan Materials Company. Her deep industry insights and hands-on management style have been instrumental in guiding FCX through transformative periods, and she continues to drive innovative strategies and operational excellence within the organization.

$FCX Performance Under Kathleen L. Quirk

Past Roles

Organization	Role	Date Range	Details
Freeport-McMoRan Inc. (FCX)	Chief Financial Officer	December 2003 to March 2022	Held prior to becoming President and CEO
Freeport-McMoRan Inc. (FCX)	Executive Vice President	March 2007 to February 2021	Held prior to becoming President and CEO
Freeport-McMoRan Inc. (FCX)	Treasurer	February 2000 to August 2018	Held prior to becoming President and CEO
Freeport-McMoRan Inc. (FCX)	Senior Vice President	December 2003 to March 2007	Held prior to becoming President and CEO

External Roles

Organization	Role	Date Range	Details
Vulcan Materials Company	Board of Directors	N/A	Current active role outside of FCX

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$1,030,000	Annual	Fixed cash compensation; 3.0% increase from 2022
Plan Contributions	$97,575	Annual	Company's contribution to NQDC plan
Nonqualified Deferred Compensation	$175,000	Annual	Executive contribution to NQDC plan

Performance Compensation

Data from FY 2023

Annual Incentive Plan (AIP)

Metric	Value	Notes
Threshold Award	$772,500	50% payout of target award
Target Award	$1,545,000	100% payout; equals 150% of base salary
Maximum Award	$2,703,750	175% payout of target award
Performance Metrics	Financial & Operational	Includes production, cost & capital discipline, cash flow generation and ESG factors
Grant Date	Feb 7, 2023	Cash-based incentive; no vesting schedule

Long-Term Incentive Plan (LTIP) – Performance Share Units (PSUs)

Metric	Value	Notes
Threshold Units	26,500 PSUs	Minimum performance level
Target Units	106,000 PSUs	100% award at target performance
Maximum Units	238,500 PSUs	225% of target award; cap on payout
Performance Metrics	Three-Year Average ROI & TSR	ROI sliding scale (<6%: 0%, 6%: 50%, 9%: 80%, 13-20%: 100%, 24%: 120%, 35%: 200%); TSR modifier ±25%
Vesting Schedule	Vesting after 3 years	Performance period ends December 31, 2025
Grant Date	Feb 7, 2023	Fair Value: $5,016,980 ; Stock price not provided

Equity Incentive Plan Awards

Performance Share Units (PSUs)

Metric	Value	Notes
Threshold Units	26,500 PSUs	Minimum performance level (same as LTIP PSUs)
Target Units	106,000 PSUs	100% award at target performance
Maximum Units	238,500 PSUs	225% of target award
Performance Metrics	Three-Year Average ROI & TSR	ROI and TSR modifier conditions apply (see LTIP details)
Vesting Schedule	Vesting after 3 years	Performance period ends December 31, 2025
Grant Date	Feb 7, 2023	Fair Value: $5,016,980

Restricted Stock Units (RSUs)

Metric	Value	Notes
Total Units	61,500 RSUs	Time-based vesting
Vesting Schedule	33% on Feb 15, 2024; 33% on Feb 15, 2025; 33% on Feb 15, 2026	Continued service required
Grant Date	Feb 7, 2023	Fair Value: $2,686,935 ; Stock price not provided