Phillips 66 (PSX, Financial) has announced a strategic expansion of its Board of Directors, increasing its size from 13 to 14 members. On October 10, 2024, the company appointed Grace Puma Whiteford to the Board, effective immediately. Ms. Puma Whiteford will serve in the class of directors whose term will expire at the company's annual meeting of shareholders in 2027.
Grace Puma Whiteford brings a wealth of experience to Phillips 66, having previously served as Executive Vice President and Chief Operations Officer at PepsiCo, Inc. from 2017 until April 2022. Her extensive background includes roles as Senior Vice President, Chief Supply Officer, and Senior Vice President, Global Chief Procurement Officer at PepsiCo. Additionally, she has held significant positions at United Airlines Holdings, Inc., Kraft Foods, Inc., and Motorola, Inc.
Ms. Puma Whiteford is recognized as an independent director and will contribute her expertise to the Human Resources and Compensation Committee and the Public Policy and Sustainability Committee of the Board. Her current board memberships include Target Corporation and Organon & Co., and she has previously served on the board of Williams-Sonoma, Inc.
There are no special arrangements or understandings that led to Ms. Puma Whiteford's appointment, and she does not have any material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K. She will receive a pro-rated compensation award in line with Phillips 66's standard arrangements for non-employee directors, as detailed in the company's proxy statement filed with the Securities and Exchange Commission.
This strategic appointment underscores Phillips 66's commitment to strengthening its leadership team with seasoned professionals who bring diverse perspectives and expertise to the company.
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