Freeport-McMoRan Inc. Announces Retirement of Michael J. Arnold as Executive Vice President and Chief Administrative Officer, Effective December 31, 2018
July 20, 2018 at 10:12 pm
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Michael J. Arnold, Executive Vice President and Chief Administrative Officer, notified Freeport-McMoRan Inc. of his plans to retire effective December 31, 2018.
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%).
Freeport-McMoRan Inc. Announces Retirement of Michael J. Arnold as Executive Vice President and Chief Administrative Officer, Effective December 31, 2018