Phillips 66 CEO Greg Garland to retire July 1; Mark Lashier named successor

Phillips 66

Greg Garland retires as CEO effective July 1, 2022, remains Executive Chairman until 2024.
Mark Lashier, current President and COO, appointed President and CEO effective July 1, 2022.
Garland's base salary reduced to $1M from $1.675M; Lashier's base salary set at $1.5M.
Under Garland, company returned $29B to shareholders, raised dividend 10 times (CAGR 17%).
Lashier previously served as President and CEO of Chevron Phillips Chemical from 2017 to 2021.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Greg C. Garland

Chief Executive Officer

PSX · Phillips 66

Effective: 2022-07-01
Successor: Mark E. Lashier
Filed: April 12, 2022, 7:59 PM ET

Greg C. Garland, Chairman of the Board and Chief Executive Officer of Phillips 66 (the “Company”) announced today that he intends to retire from his position as Chief Executive Officer of the Company effective July 1, 2022.

Role change

Mark E. Lashier

President and Chief Executive Officer

PSX · Phillips 66

Effective: 2022-07-01
Filed: April 12, 2022, 7:59 PM ET

The Board of Directors of the Company has appointed Mark E. Lashier to become President and Chief Executive Officer effective July 1, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Greg C. Garland changed role as Chief Executive Officer at Phillips 66.

Action: retire
Role: Chief Executive Officer

Exact text from the filing

Greg C. Garland, Chairman of the Board and Chief Executive Officer of Phillips 66 (the “Company”) announced today that he intends to retire from his position as Chief Executive Officer of the Company effective July 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark E. Lashier was appointed as President and Chief Executive Officer at Phillips 66.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

The Board of Directors of the Company has appointed Mark E. Lashier to become President and Chief Executive Officer effective July 1, 2022.

View on SEC.gov

Phillips 66 filing history →

Source: SEC EDGAR

accession 0001193125-22-103000

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.