Energy and logistics company Phillips 66 has announced Chief Executive Officer transition for 2022 by unveiling Mark Lashier as the new President and Chief Executive Officer effective 1st July.
Currently the President and Chief Operating Officer, Lashier will succeed Greg Garland, who plans to remain as Executive Chairman of the Board of Directors until he retires in 2024.
Lashier has over three decades of energy industry experience. Before joining Phillips 66 in April 2021, Lashier served as President and Chief Executive Officer of CPChem from 2017 to 2021.
“Mark is the right leader at the right time for Phillips 66,” said Greg Garland. “He has demonstrated a strong track record of delivering growth and driving excellence in both financial and operating results. He will lead a company that has a solid strategy, proven track record, strong leadership, outstanding employees and will successfully navigate and thrive in the energy transition.”
“I have known Mark for a long time. We have a great relationship based on trust and respect, and I am confident he will serve Phillips 66, our employees, our communities and our shareholders well,” Garland added.
The stepping down would be a culmination of a journey of ten years for Greg Garland, under whose leadership and tutelage, Phillip 66 became an industry leader in operating excellence, including safety, reliability and environmental stewardship, brought growth in Midstream business and much more.
Garland started his career as a chemical engineer and worked his way up to become President and Chief Executive Officer of CPChem before moving on to become the Chairman and Chief Executive Officer of Phillips 66 in 2012
Commenting on Garland’s journey, Glenn Tilton, lead Independent Director on the Phillips 66 Board of Directors and chair of the Board’s Nominating and Governance Committee, said that
Greg [Garland]’s leadership and commitment to Phillips 66, its employees and investors has been invaluable.
“On behalf of the Board of Directors, I want to thank Greg for his outstanding leadership as Chairman and CEO. He stood up Phillips 66 as an independent company and created a leading diversified energy manufacturing and logistics company, while investing for the future and delivering strong financial returns,” added Tilton.