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Posted 26 October, 2023

Phillips 66 appointed new CEO

CEO Change detected for ticker NYSE:PSX in a 8-K filed on 26 October, 2023.


  On October 26, 2023, Greg Garland, Executive Chairman of the Board of Directors (the "Board") of Phillips 66 (the "Company"), informed the Company of his intention to retire from the Board, effective May 2024. After ten years of service as the Company's Chief Executive Officer, Mr. Garland stepped down from that position in July 2022 and agreed to continue to serve on the Board as Executive Chairman for a limited duration to promote an effective CEO transition.  

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Overview of Phillips 66
Companies on the Energy Service • Pipeline Transportation
Phillips 66 engages in the processing, transportation, storage, and marketing of fuels and other related products. The company operates through the following segments: Midstream, Chemicals, Refining and Marketing & Specialties. The Midstream segment provides crude oil and refined products transportation, terminaling and processing services, as well as natural gas, natural gas liquids and liquefied petroleum gas transportation, storage, processing and marketing services. The Chemicals segment produces and markets petrochemicals and plastics on a worldwide basis. The Refining segment Refines crude oil and other feedstocks into petroleum products such as gasoline, distillates and aviation fuels. The Marketing and Specialties segment purchases for resale and markets refined petroleum products such as base oils and lubricants, as well as power generation operations. The company was founded in 1875 and is headquartered in Houston, TX.
Market Cap
$61.7B
View Company Details
Phillips 66 by TradingView
Relevant filing section
Item 5.02 
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements s of Certain Officers. 


On October 26, 2023, Greg Garland, Executive Chairman of the Board of Directors (the "Board") of Phillips 66 (the "Company"), informed the Company of his intention to retire from the Board, effective May 2024. After ten years of service as the Company's Chief Executive Officer, Mr. Garland stepped down from that position in July 2022 and agreed to continue to serve on the Board as Executive Chairman for a limited duration to promote an effective CEO transition. Mr. Garland's decision to retire was not the result of any disagreement with the Company.