---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-103000"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2022-04-12T23:59:59+00:00"
generated_at: "2026-06-26T07:56:29.315281+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-103000
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2022-04-12T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534701/000119312522103000/0001193125-22-103000-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000119312522103000/d297719d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-103000
- JSON: https://secwatch.observer/filing/0001193125-22-103000.json
- Plain text: https://secwatch.observer/filing/0001193125-22-103000.txt

## Key facts
- Executive change
  Greg C. Garland changed role as Chief Executive Officer at Phillips 66.
  - Action: retire
  - Role: Chief Executive Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534701/000119312522103000/0001193125-22-103000-index.htm
- Executive change
  Mark E. Lashier was appointed as President and Chief Executive Officer at Phillips 66.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: The Board of Directors of the Company has appointed Mark E. Lashier to become President and Chief Executive Officer effective July 1, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534701/000119312522103000/0001193125-22-103000-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.