Higgins to Chair ICA and LME, Copper Committees

Oct 22 2020

Freeport-McMoRan Inc. (FCX), Phoenix, Arizona, announced that Stephen T. “Steve” Higgins, Senior Vice President and Chief Administrative Officer of FCX, has been elected Chairman of the International Copper Association (ICA) and Chairman of the London Metal Exchange's (LME) Copper Committee.

Steve is a key member of FCX’s senior executive team and a long-term leader in the global copper industry. During his career, he has built strong commercial relationships with a broad range of customers in the copper industry and with numerous industry organizations. Beginning in 2019, Steve assumed expanded management responsibilities for administration within FCX and has played a significant role in supporting the Company’s response to COVID-19.

ICA is a nonprofit organization with 35 members, including FCX, that brings together the copper industry, and its partners, to support markets for copper and to make a positive contribution to the United Nations Sustainable Development Goals.

The LME Copper Committee is an advisory committee to The London Metal Exchange with the primary purpose to maintain oversight of the Copper product specifications and to ensure that the contract represents the industry’s needs.

Richard C. Adkerson, President and CEO of FCX, and Kathleen Quirk, Executive Vice President and CFO of FCX, said, “We recognize Steve for his expanded roles in these important organizations supporting the global copper industry. He is a valued member of our Freeport leadership team. With his wealth of experience, Steve is highly respected within our Company, by our customers and broadly in the global copper industry.”

“Copper has played a significant role in the improvement of our quality of life for centuries,” Higgins said. “Today, it is closely connected to the global sustainable development agenda, in particular the clean energy transition and climate change mitigation efforts. I look forward to working through these organizations as we work to advance and promote copper’s contributions in these important areas.”

In his role as Chief Administrative Officer of FCX, Mr. Higgins has oversight responsibility for marketing of copper cathode and rod, Human Resources, Global Supply Chain, Health and Safety and Environmental Management and Sustainability.

Mr. Higgins has 40 years in the metals industry, including nearly 30 years with the Company. He currently serves as Chairman of The Copper Club Board of Directors. He was recognized as the Copper Man of the Year by this organization in 2016. He has a Bachelor of Science in Economics from Cornell University and a Master of Business Administration from Michigan State University.