12-04-2022
Phillips 66 announces CEO transition plans
Phillips 66 has named its current President and Chief Operating Officer, Mark Lashier, as President and Chief Executive Officer effective July 1. Lashier will succeed Greg Garland, who will remain as Executive Chairman of the Board of Directors until he retires in 2024.
Garland has led Phillips 66, which is headquartered in Houston, for the past 10 years.
“Greg’s leadership and commitment to Phillips 66, our employees and our investors have been invaluable,” said Glenn Tilton, lead Independent Director on the Phillips 66 Board of Directors and chair of the Board’s Nominating and Governance Committee. “He embodies our values of safety, honor and commitment and our vision to provide energy and improve lives.”
Since Garland assumed the Chairman and CEO role in May 2012, Phillips 66 has recorded many notable achievements. The company has:
* Become an industry leader in operating excellence, including safety, reliability and environmental stewardship;
* Pioneered disciplined capital allocation in the energy business, targeting 60% of cash flow back in the business while returning 40% to shareholders;
* Returned $29 billion to shareholders through dividends, share repurchases and exchanges;
* Raised its dividend 10 times for a CAGR of 17%;
* Grown its Midstream business, establishing leading positions in the crude and NGL value chains;
* Established a values-based organization that is true to its vision of providing energy and improving lives.
About Greg Garland
Garland has served as Chairman and Chief Executive Officer of Phillips 66 since 2012. A chemical engineer, he previously served as Senior Vice President, Exploration and Production, Americas for ConocoPhillips and as President and Chief Executive Officer of Chevron Phillips Chemical Company, LLC (CPChem), a joint venture between Phillips 66 and Chevron. He began his career with Phillips Petroleum Company in 1980 as a project engineer for the Plastics Technical Center. He serves on several philanthropic boards, including the Barbara Bush Houston Literacy Foundation, the Greater Houston Partnership, Junior Achievement of Southeast Texas and the Board of Visitors for MD Anderson.
About Mark Lashier
Lashier joined Phillips 66 in April of 2021 as President and Chief Operating Officer. He has over 30 years of energy industry experience. Lashier served as President and Chief Executive Officer of CPChem from 2017 to 2021. Prior to that role, he held several leadership positions at CPChem, including Executive Vice President of Olefins and Polyolefins and Senior Vice President of Specialties, Aromatics and Styrenics. He began his career with Phillips Petroleum Company as a research engineer.
News Category:
-
Technip Energies and KBR selected for major LNG project by Lake Charles LNG
The KTJV joint venture between Technip Energies and KBR has been selected for a major Engineering, Procurement, Fabrication and Construction (EPFC) project by Lake Charles ...
20-09-2024
-
Stamicarbon awarded licensing and process design package for El Delta urea plant expansion in Egypt
Stamicarbon, the nitrogen technology licensor of MAIRE S.p.A., has been awarded the licensing and the Process Design Package (PDP) for the upgrade and expansion of El ...
18-09-2024
-
Sinopec Técnicas Reunidas JV awarded large petrochemical unit in Kazakhstan
A consortium led by KazMunayGas, Kazakhstan’s state-owned oil and gas company, has awarded the development of a steam cracker to a joint venture formed by the Chinese ...
18-09-2024
-
Zeopore is initiating discussions with candidate partners to jointly commercialise its unique zeolite mesoporisation route, combining improved hydrocracking (HDC) performance ...
17-09-2024
-
MT Group signs contract with Ørsted to build large-scale CO2 Capture and Storage facility
MT Group, an EPC contractor engaged in strategic energy and industrial infrastructure projects across Europe, has signed a contract with Danish energy leader Ørsted ...
16-09-2024
-
Gevo receive patent for breakthrough Ethanol-to-Olefin process
Gevo Inc, is proud to announce the U.S. Patent and Trademark Office has granted to Gevo, a patent for its ethanol to olefins process. This patent further cements Gevo’s ...
16-09-2024
-
Indian Oil selects UNIPOL™ PE process for a world-scale production line
Indian Oil Corporation Ltd, has selected Univation's UNIPOL™ PE Process Technology for a world-scale production line to be located at IOCL's Paradip Petrochemical Complex ...
16-09-2024
-
ExxonMobil Basestocks expands presence with new supply terminal in the UK
ExxonMobil Basestocks is expanding its service to better meet customer demand for Group I, Group II and Group II+ products by opening a new supply terminal in Dagenham, ...
16-09-2024
-
Mitsubishi and ExxonMobil agreement to advance world’s largest low-carbon hydrogen project
Mitsubishi Corporation and Exxon Mobil Corporation have signed a Project Framework Agreement for Mitsubishi Corporation’s participation in ExxonMobil’s facility in ...
13-09-2024
-
NEXTCHEM to upgrade and expand the capacity of the Heydar Aliyev Oil Refinery
MAIRE announces that NEXTCHEM, through its subsidiary NextChem Tech, has been awarded by SOCAR two contracts to upgrade and expand the capacity of the Heydar Aliyev Oil ...
13-09-2024