On October 24, 2025, Phillips 66 issued a BusinessWire press release announcing that board members Glenn Tilton and Marna Whittington have informed the company of their intention to retire and will not stand for re‑election at the company’s next annual meeting of shareholders in May 2026.
Glenn Tilton, the lead independent director, has served on the board since 2012 and has been a key figure in guiding Phillips 66 through major strategic initiatives. Marna Whittington, a Class II director, has contributed sharp insight and a pragmatic approach to the board’s discussions over the past decade. Their departures will leave a notable gap in the board’s experience and institutional knowledge.
The company has indicated that it will nominate at least four directors for election at the 2026 meeting, and that Greg Hayes is expected to assume the role of lead independent director following Tilton’s retirement. The change in board composition is expected to influence governance dynamics and may prompt the appointment of new directors who can continue to support Phillips 66’s long‑term strategy.
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