FCX Mourns Loss of Founder “Mack” Rankin
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) announced on Thursday, August 15 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.”
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.