Phillips 66 Board Fights Back Against Activist Investor
Phillips 66’s Board of Directors is fighting back after activist investor Elliot Management announced its intention to nominate seven members to the board. In a Wednesday letter to shareholders, Phillips 66 Chairman/CEO Mark Lashier said the company is committed to maximizing value through operational excellence and disciplined capital allocation, and also said Elliot has shown “no genuine interest in engagement.” Elliot Management has advocated for the sale or spin-off of Phillips 66’s midstream business line from the refining sector, which would effectively cut the...
Publicado el: 2025-03-05 17:34:07
Autor: bartlesvilleradio, Fuente: bartlesvilleradio
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