Phillips 66 appoints two new directors

July 30, 2021 By    

The board of directors of Phillips 66 appointed Denise R. Cade and Douglas T. Terreson to serve as independent directors.

Cade will serve on the audit and finance committee and the public policy and sustainability committee of the board, and Terreson will serve on the human resources and compensation committee and the public policy and sustainability committee of the board. The company’s board is now composed of 11 directors, 10 of whom are independent.

Cade is the senior vice president, general counsel and corporate secretary of IDEX Corp. – positions she has held since 2015. Prior to joining IDEX, she served as senior vice president, general counsel, corporate secretary and chief compliance officer at SunCoke Energy Inc. and its controlled company SunCoke Energy Partners LP, where she was on the board of directors, from 2011 to 2015. Prior to joining SunCoke Energy, Cade held several positions at PPG Industries Inc., including assistant general counsel and corporate secretary, chief securities and finance counsel, chief M&A counsel and general counsel of the glass and fiberglass division. Prior to joining PPG, Cade was a partner at Shaw Pittman LLP, a law firm. Cade currently serves on the board of directors of Teledyne Technologies Inc.

Terreson is a former senior adviser at Evercore, a position he held since 2021. He previously served as the head of global energy at Evercore ISI from 2016 until 2021. Terreson joined International Strategy & Investment Group (ISI), which was acquired by Evercore in 2014, in 2009 after 15 years at Morgan Stanley, where he managed the global energy group. Prior to that, he managed Putnam Investments’ energy mutual fund. Terreson began his career as an engineer with Schlumberger Ltd. He is the chair of the investment committee of the Mississippi State University Foundation Board.

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Brian Richesson is the editor in chief of LP Gas Magazine. Contact him at or 216-706-3748.

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