Douglas C. Yearley

Douglas C. Yearley, former chairman and chief executive of the copper producer Phelps Dodge, died Sunday at his home in Osterville, Mass. [in 2007]

"The cause was multiple myeloma, according to a statement from Freeport-McMoRan Copper and Gold, which bought Phelps Dodge in March.

"He spent four decades at Phoenix-based Phelps Dodge and engineered the purchase of the Cyprus Amax Minerals Company for $3.34 billion in 1999, at the time the biggest acquisition in the company’s 165-year history.

"He served on the board of Lockheed Martin since 1995, when the company was formed through the merger of the Lockheed Corporation and Martin Marietta. He served as head of Lockheed’s audit committee since 2003, the company said Tuesday in a statement."


 * Member (1999), World Business Council for Sustainable Development