Form 8-K · Current Report · Filed 2024-10-11
Phillips 66 Appoints New Independent Director
On October 10, 2024, Phillips 66 increased the size of its Board of Directors from 13 to 14 members and appointed Grace Puma Whiteford as an independent director.
- Filer
- Phillips 66 PSX · NYSE
- Filed
- Accession
- 0001534701-24-000151
- CIK
- 0001534701
- Signal
- High impactEnergy
- Source
- Official filing on sec.gov ↗
Details
Ms. Whiteford, former Executive Vice President and Chief Operations Officer at PepsiCo, will serve on the Human Resources and Compensation Committee and the Public Policy and Sustainability Committee. Her term expires at the annual meeting in 2027.
Items reported
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Market reaction
Close before filing
$136.42
Next session
-0.7%
Since filing
+55.2%
Latest close
$211.68
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from PSX reporting the same item, with the next session's move:
About Phillips 66
Phillips 66 is a renowned American multinational energy company involved in refining, transporting, and marketing petroleum products. Engaging primarily as a downstream sector entity, Phillips 66 operates an extensive network of refineries, pipelines, and retail stations across the globe. The company's main function is to refine crude oil into marketable fuels such as gasoline, diesel, and jet fuel, as well as petrochemical products that serve as building blocks for various industrial applications. Additionally, Phillips 66 is known for its logistics and midstream operations, which include pipelines and trucking services that facilitate efficient energy distribution. The company plays a critical role in the energy sector, impacting industries ranging from transportation to manufacturing. By maintaining a strategic focus on safety, environmental stewardship, and operational excellence, Phillips 66 contributes significantly to the global energy supply chain. Established in 1875 and headquartered in Houston, Texas, Phillips 66 continues to provide essential energy solutions while adapting to evolving market dynamics and sustainability demands.
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