Phillips 66 announced today that it has appointed Howard Ungerleider and Kevin Meyers to its Board of Directors. The appointments take effect immediately, reflecting the company’s commitment to strong governance and operational expertise across energy markets. Mark Lashier, Chairman and Chief Executive Officer of this company, welcomed the new board members.
“Phillips 66 is pleased to welcome Howard and Kevin to our board,” said Lashier. “Howard brings exceptional financial leadership and deep expertise in large-scale industrial transformation, and Kevin brings more than 40 years of hands-on energy sector experience.”
Lashier further emphasized the company’s progress and ongoing engagement with investors. Lashier continued, “We have made significant progress – in portfolio focus, capital discipline, and operational performance and we appreciate the continued constructive engagement with Elliott and look forward to building on the strong momentum we have established.”
Phillips 66 : Board Strengthens Oversight and Market Position
The appointments received support from Elliott Investment Management, one of Phillips 66’s largest investors.
“We are pleased with the additions of Howard and Kevin to the Phillips 66 Board, and we welcome the expertise they will bring,” said John Pike, Partner and Mike Tomkins, Partner, at Elliott. “Elliott believes that Phillips 66’s asset quality and market position create a compelling opportunity for value creation, and we are encouraged by the Company’s efforts to bring fresh perspectives to the Board. While more work must be done, we note the team’s focus on execution, capital return and the actions to enhance the Company’s advantaged mid-continent position. Our engagement with the Board over the past year has been constructive. As one of Phillips 66’s largest investors, we will remain engaged with management and the Board in their work to realize the Company’s full value.”
As announced, Glenn Tilton and Marna Whittington will retire in 2026. Ungerleider will serve as Class II director and Meyers as Class III. The Company’s director nominees for the 2026 annual meeting include Ungerleider and other Class II directors: Gregory J. Hayes, Charles M. Holley and Denise R. Singleton.
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Source: Businesswire
