Freeport McMoRan Inc. said Wednesday it has appointed two new directors to its board as part of an agreement with its biggest shareholder, investor Carl Icahn. The copper mining company said Andrew Langham and Courtney Mather will join its board, increasing it to eleven directors, nine of which are independents and two of which are executive directors. Langham has been general counsel at Icahn Enterprises L.P. since January after serving as assistant general counsel since 2005, while Mather has served as managing director of Icahn Capital LP since April of 2014. Icahn owns about 100 million Freeport shares, equal to about 8.8% of its outstanding stock, making him the biggest shareholder, according to FactSet data. Vanguard is the second-biggest shareholder with a 5.3% stake.
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