Phillips 66 Names Mark Lashier as Next CEO, Replacing Greg Garland
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Greg Garland
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Mark Lashier
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Phillips 66 has named its current president and chief operating officer, Mark Lashier, as president and chief executive officer effective July 1. Lashier will succeed Greg Garland, who will remain as executive chairman of the board of directors until he retires in 2024.
Garland has led Phillips 66, which is headquartered in Houston, for the past 10 years. Since Garland assumed the chairman and CEO role in May 2012, Phillips 66 has recorded many notable achievements.
“Greg’s leadership and commitment to Phillips 66, our employees and our investors have been invaluable. He embodies our values of safety, honor and commitment and our vision to provide energy and improve lives,” said Glenn Tilton, lead independent director on the Phillips 66 board of directors and chair of the board’s Nominating and Governance Committee.
“On behalf of the board of directors, I want to thank Greg for his outstanding leadership as chairman and CEO. He stood up Phillips 66 as an independent company and created a leading diversified energy manufacturing and logistics company, while investing for the future and delivering strong financial returns,” added Tilton.
Lashier joined Phillips 66 in April 2021 as president and chief operating officer.
“Mark is the right leader at the right time for Phillips 66. He has demonstrated a strong track record of delivering growth and driving excellence in both financial and operating results. He will lead a company that has a solid strategy, proven track record, strong leadership, outstanding employees and will successfully navigate and thrive in the energy transition,” said Greg Garland.
“I have known Mark a long time. We have a great relationship based on trust and respect, and I am confident he will serve Phillips 66, our employees, our communities, and our shareholders well,” added Garland.
Lashier said he planned to continue to build on the success Garland has had since the company was established in 2012.
“Greg’s leadership in fostering a culture of operating excellence and financial strength will benefit us for decades,” said Mark Lashier.
“That foundation is critical as we face the opportunities and challenges of the next 10 years. I am excited to embark on this new role and leverage the talent of our team and the strength of our assets as we continue to deliver shareholder value,” added Lashier.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of midstream, chemicals, refining, and marketing and specialties businesses, the company processes, transports, stores and markets fuels and products globally. Headquartered in Houston, the company has 14,000 employees committed to safety and operating excellence. Phillips 66 had $56 billion of assets as of Dec. 31, 2021.
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