Who is Dr. Marna C. Whittington and what is her background?

Dr. Marna C. Whittington is a seasoned executive with extensive experience in global investment management and finance. Prior to her appointment to the Phillips 66 Board, she served as Chief Executive Officer of Allianz Global Investors Capital and Chief Operating Officer of its parent company, Allianz Global Investors. She also held senior roles at Morgan Stanley Asset Management and previously served as CFO for the University of Pennsylvania and in finance roles for the State of Delaware.

What is the significance of Dr. Whittington's appointment to the Board?

Dr. Whittington's appointment is significant as it adds a director with substantial financial and executive leadership experience to the Board. Her expertise, particularly in investment management and corporate finance, is expected to enhance the board's strategic decision-making and oversight capabilities, especially in areas related to finance and public policy.

How will Dr. Whittington be compensated for her role as a director?

Dr. Whittington will receive compensation in accordance with Phillips 66's established plans and programs for non-employee directors. Details regarding this compensation are available in the Information Statement filed as part of the company's Registration Statement on Form 10.

PSX 8-K: Leadership Changes

Q: Which committees will Dr. Whittington serve on?

Dr. Whittington has been appointed to serve on two key committees of the Phillips 66 Board: the Audit and Finance Committee and the Public Policy Committee. These appointments leverage her financial expertise and experience in policy matters.

Summary

This Form 8-K filing by Phillips 66 on May 10, 2012, announces a significant addition to its Board of Directors. Dr. Marna C. Whittington has been elected to the Board, bringing a wealth of experience in executive leadership, finance, and investment management from her tenures at prominent firms like Allianz Global Investors and Morgan Stanley Asset Management. Her appointment, effective May 9, 2012, is expected to bolster the board's expertise in key areas. Dr. Whittington's background as a former Chief Executive Officer and Chief Operating Officer, coupled with her prior roles as CFO of the University of Pennsylvania and in state government finance, provides a strong foundation for her contributions. Her appointment to the Audit and Finance Committee and the Public Policy Committee indicates a strategic placement to leverage her financial acumen and policy insight. Investors can view this as a positive development, signaling a strengthening of corporate governance and financial oversight as Phillips 66 continues its operations.

Key Highlights

1Phillips 66 elected Dr. Marna C. Whittington to its Board of Directors.
2Dr. Whittington brings extensive executive experience from her roles at Allianz Global Investors and Morgan Stanley Asset Management.
3Her background includes significant financial leadership as Chief Executive Officer, Chief Operating Officer, and former CFO of the University of Pennsylvania.
4Dr. Whittington's appointment is effective May 9, 2012.
5She has been appointed to serve on the Audit and Finance Committee and the Public Policy Committee of the Board.
6Her compensation as a director will follow established plans detailed in the company's Form 10 Registration Statement.

Phillips 66 8-K Report, Executive Changes (May 10, 2012)

Summary

Key Highlights

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