Sign in

    Kathleen L. Quirk

    President and CEO at Freeport-McMoRan Inc
    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 Inc

    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

    OrganizationRoleDate RangeDetails
    Freeport-McMoRan Inc. (FCX) Chief Financial OfficerDecember 2003 to March 2022 Held prior to becoming President and CEO
    Freeport-McMoRan Inc. (FCX) Executive Vice PresidentMarch 2007 to February 2021 Held prior to becoming President and CEO
    Freeport-McMoRan Inc. (FCX) TreasurerFebruary 2000 to August 2018 Held prior to becoming President and CEO
    Freeport-McMoRan Inc. (FCX) Senior Vice PresidentDecember 2003 to March 2007 Held prior to becoming President and CEO

    External Roles

    OrganizationRoleDate RangeDetails
    Vulcan Materials Company Board of DirectorsN/ACurrent active role outside of FCX

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,030,000 AnnualFixed cash compensation; 3.0% increase from 2022
    Plan Contributions$97,575 AnnualCompany's contribution to NQDC plan
    Nonqualified Deferred Compensation$175,000 AnnualExecutive contribution to NQDC plan

    Performance Compensation

    Data from  FY 2023

    Annual Incentive Plan (AIP)

    MetricValueNotes
    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 MetricsFinancial & OperationalIncludes production, cost & capital discipline, cash flow generation and ESG factors
    Grant DateFeb 7, 2023 Cash-based incentive; no vesting schedule

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

    MetricValueNotes
    Threshold Units26,500 PSUs Minimum performance level
    Target Units106,000 PSUs 100% award at target performance
    Maximum Units238,500 PSUs 225% of target award; cap on payout
    Performance MetricsThree-Year Average ROI & TSRROI sliding scale (<6%: 0%, 6%: 50%, 9%: 80%, 13-20%: 100%, 24%: 120%, 35%: 200%); TSR modifier ±25%
    Vesting ScheduleVesting after 3 yearsPerformance period ends December 31, 2025
    Grant DateFeb 7, 2023 Fair Value: $5,016,980 ; Stock price not provided

    Equity Incentive Plan Awards

    Performance Share Units (PSUs)

    MetricValueNotes
    Threshold Units26,500 PSUs Minimum performance level (same as LTIP PSUs)
    Target Units106,000 PSUs 100% award at target performance
    Maximum Units238,500 PSUs 225% of target award
    Performance MetricsThree-Year Average ROI & TSRROI and TSR modifier conditions apply (see LTIP details)
    Vesting ScheduleVesting after 3 yearsPerformance period ends December 31, 2025
    Grant DateFeb 7, 2023 Fair Value: $5,016,980

    Restricted Stock Units (RSUs)

    MetricValueNotes
    Total Units61,500 RSUs Time-based vesting
    Vesting Schedule33% on Feb 15, 2024; 33% on Feb 15, 2025; 33% on Feb 15, 2026 Continued service required
    Grant DateFeb 7, 2023 Fair Value: $2,686,935 ; Stock price not provided