Phillips 66 appoints two directors

July 26, 2022 By    

The board of directors of Phillips 66 has appointed Mark E. Lashier and Gregory J. Hayes to serve on the board.

Following the appointments, the board of Phillips 66 consists of 13 directors, 11 of whom are independent.

Lashier, who will serve on the executive committee of the board, was recently named CEO of Phillips 66 after serving as president and COO since April 2021. Lashier, who has more than 30 years of energy industry experience, served as CEO of ChevronPhillips Chemical Co. (CPChem) from August 2017 to April 2021. He joined the global petrochemical joint venture, in which Phillips 66 owns a 50 percent interest, when it was formed in 2000. At CPChem, he served as executive vice president of olefins and polyolefins; senior vice president of specialties, aromatics and styrenics; vice president of corporate planning and development; and regional manager of Asia. He began his career with Phillips Petroleum Co. as a research engineer.

Hayes qualifies as an independent director and will serve on the Nominating and Governance Committee, Human Resources and Compensation Committee, and the Public Policy and Sustainability Committee of the Phillips 66 board. Hayes is the chairman and CEO of Raytheon Technologies Corp., a position he has held since June 2021. Hayes previously served as president, CEO and director of Raytheon from April 2020 to June 2021; chairman and CEO of United Technologies Corp. (UTC) from 2016 to April 2020; president, CEO and director of UTC from 2014 to 2016; senior vice president and CFO of UTC from 2008 to 2014; and in various senior positions since joining UTC in 1999 through the acquisition of Sundstrand Corp., including vice president, accounting and finance, and responsibility for UTC’s Corporate Strategy function. Hayes previously served on the board of Nucor Corp. from 2014 to 2018.

Headquartered in Houston, Phillips 66’s portfolio includes midstream, chemicals, refining, and marketing and specialties businesses.

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