Summary
Phillips 66 (PSX) filed an 8-K on October 23, 2015, to report significant changes in its executive leadership. Greg G. Maxwell, the current Executive Vice President, Finance and Chief Financial Officer (CFO), announced his intention to retire effective December 31, 2015. This marks the end of Mr. Maxwell's tenure in this key financial role. Following Mr. Maxwell's planned retirement, the Board of Directors has appointed Kevin J. Mitchell as the new Executive Vice President, Finance and CFO, effective January 1, 2016. Mr. Mitchell brings a strong financial background to the role, having most recently served as the Company's Vice President of Investor Relations since September 2014. His prior experience includes various finance and accounting roles at ConocoPhillips and Conoco, including General Auditor and leadership positions in upstream finance and treasury.
Key Highlights
- 1Greg G. Maxwell, Executive Vice President, Finance and CFO, will retire effective December 31, 2015.
- 2Kevin J. Mitchell has been appointed as the new Executive Vice President, Finance and CFO, effective January 1, 2016.
- 3Mr. Mitchell has served as PSX's Vice President, Investor Relations since September 2014.
- 4Mr. Mitchell possesses extensive experience in finance and accounting roles within ConocoPhillips and Conoco.
- 5His prior roles include General Auditor of ConocoPhillips and various senior finance positions.
- 6There are no disclosed family relationships or material interests between Mr. Mitchell and existing officers or directors.
- 7No new material plans, contracts, or arrangements were entered into in connection with Mr. Mitchell's appointment.