Phillips 66 appoints independent director

Phillips 66 selected Charles Holley to serve as an independent director.

Holley will serve on the Audit and Finance Committee and the Public Policy Committee of the board, the company explains. Following the appointment, the board of Phillips 66 will comprise 10 directors, nine of whom are independent.

Holley, 63, is the former executive vice president and CFO for Wal-Mart Stores Inc., where he served from 2003-16. He served in various roles at Wal-Mart International from 1994 through 2002. Prior to this, Holley served in various roles at Tandy Corp. He also spent more than 10 years with Ernst & Young, the company explains.

Holley previously served as an independent senior adviser, U.S. CFO Program, Deloitte, from 2016-19. He currently serves on the advisory council for the McCombs School of Business at the University of Texas at Austin and the University of Texas Presidents’ Development Board. Holley also serves on the board of directors of Amgen Inc., an independent biotechnology company.

Phillips 66, headquartered in Houston, is a diversified energy manufacturing and logistics company with offerings that include propane.