The appointments, effective March 6, 2026, bring significant industry experience to the company.

Dr. Kevin O. Meyers, 72, joins the board with a wealth of experience in the energy sector. He currently serves on the board of Precision Drilling Corporation and has previously held positions on the boards of Hess Corporation and Denbury Inc. Meyers has also served in senior executive roles at ConocoPhillips and Atlantic Richfield Company, bringing decades of leadership experience to Phillips 66. His term on the Phillips 66 board will expire at the company's annual meeting in 2027.

Howard I. Ungerleider, 57, brings extensive financial expertise to the board. He is currently an Operating Advisor at Clayton Dubilier & Rice and holds board positions at Air Products, American Airlines, and Kyndryl. Ungerleider's previous roles include President and Chief Financial Officer at Dow Inc. and various executive positions at The Dow Chemical Company. His term on the Phillips 66 board will conclude at the 2026 annual meeting.

Both Meyers and Ungerleider will serve on the Audit & Finance Committee and the Public Policy and Sustainability Committee of the board. Their appointments were made without any arrangements or understandings and they have no material interest in any transactions requiring disclosure.

In line with Phillips 66's standard compensation arrangements for non-employee directors, Meyers and Ungerleider will receive pro-rated compensation awards. Additionally, Grace Puma Whiteford has been reclassified as a Class I director, with her term now expiring at the 2028 annual meeting, to ensure the board's classes remain balanced.

Disclaimer: This article is based on a Form 8-K filing submitted to the U.S. Securities and Exchange Commission (SEC).

This article is written by AI Desk and reviewed by News Desk before publication.