Freeport-McMoRan Copper & Gold Inc. Mourns the Passing of Co-Founder, B.M. “Mack” Rankin
15 August 2013 - 4:53PM
Business Wire
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced
today with great sadness that co-founder B.M. “Mack” Rankin, Vice
Chairman and a member of its Board of Directors, died yesterday at
the age of 83 after a courageous battle with cancer. Mr. Rankin
co-founded McMoRan Oil & Gas Co. in 1969 with James R. Moffett
and W. K. McWilliams (deceased). In 1981, McMoRan merged with
Freeport Minerals Company to form one of the world’s leading
natural resource companies, Freeport-McMoRan Inc., FCX’s former
parent company.
“We lost a brother, a friend and a valued member of our Board
of Directors,” said James R. Moffett, Chairman of the Board of
FCX. “Mack has been a great partner and advisor for many
years. Our Board and organization will miss him greatly and our
thoughts and prayers are with his wife Ashley, his son Richard and
the entire Rankin family during this time.”
Mr. Rankin was highly regarded in the natural resources industry
with more than 50 years of experience. He was a member of the All
American Wildcatters. He was a member of the University of Texas
McCombs School of Business Hall of Fame. Mr. Rankin previously
served as Chairman of the U.S. Oil and Gas Association. He was a
recipient of the Distinguished Alumnus Award from the University of
Texas College of Business Administration. Mr. Rankin was also a
recipient of the Texas Oil & Gas Association Distinguished
Service Award in 2010. A native of Dallas, Mr. Rankin was also an
active member and generous benefactor of a number of charitable
organizations.
FCX is a premier U.S.-based natural resource company with an
industry leading global portfolio of mineral assets, significant
oil and gas resources and a growing production profile. FCX is the
world’s largest publicly traded copper producer. Additional
information about FCX is available on FCX's website at
www.fcx.com.
Freeport-McMoRan Copper & Gold Inc.Financial
Contacts:Kathleen L. Quirk,
602-366-8016orDavid P. Joint,
504-582-4203orMedia Contact:Eric E. Kinneberg,
602-366-7994
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