Phillips 66 Takes Aim at Elliott's Nominees in Proxy Fight -- Market Talk

Dow Jones

04/21

0825 ET - Phillips 66 urges shareholders to vote against Elliott Investment's director nominees. ConocoPhillips alum Brian Coffman has never served on a public company's board, the company says. Ex-ConocoPhillips CFO Sigmund Cornelius served on the boards of three companies that have filed for bankruptcy and has a track record of errors that led to company investigations, it says. While Targa Resources founder Michael Heim was a director of Evolve Transition Infrastructure, its total shareholder return declined 93%, according to Phillips 66's letter. Meanwhile, longtime Citadel analyst Stacy Nieuwoudt has no experience as an operator in the energy industry and resigned as director of Independence Contract Drilling months before it filed for bankruptcy, Phillips 66 says. (dean.seal@wsj.com)

(END) Dow Jones Newswires

April 21, 2025 08:25 ET (12:25 GMT)

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ConocoPhillips alum Brian Coffman has never served on a public company's board, the company says. Ex-ConocoPhillips CFO Sigmund Cornelius served on the boards of three companies that have filed for bankruptcy and has a track record of errors that led to company investigations, it says. While Targa Resources founder Michael Heim was a director of Evolve Transition Infrastructure, its total shareholder return declined 93%, according to Phillips 66's letter. Meanwhile, longtime Citadel analyst Stacy Nieuwoudt has no experience as an operator in the energy industry and resigned as director of Independence Contract Drilling months before it filed for bankruptcy, Phillips 66 says. 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ConocoPhillips alum Brian Coffman has never served on a public company's board, the company says. Ex-ConocoPhillips CFO Sigmund Cornelius served on the boards of three companies that have filed for bankruptcy and has a track record of errors that led to company investigations, it says. While Targa Resources founder Michael Heim was a director of Evolve Transition Infrastructure, its total shareholder return declined 93%, according to Phillips 66's letter. Meanwhile, longtime Citadel analyst Stacy Nieuwoudt has no experience as an operator in the energy industry and resigned as director of Independence Contract Drilling months before it filed for bankruptcy, Phillips 66 says. (dean.seal@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 21, 2025 08:25 ET (12:25 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2529805360","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2529805360","pubTimestamp":1745238300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0825 ET - Phillips 66 urges shareholders to vote against Elliott Investment's director nominees. ConocoPhillips alum Brian Coffman has never served on a public company's board, the company says. Ex-ConocoPhillips CFO Sigmund Cornelius served on the boards of three companies that have filed for bankruptcy and has a track record of errors that led to company investigations, it says. While Targa Resources founder Michael Heim was a director of Evolve Transition Infrastructure, its total shareholder return declined 93%, according to Phillips 66's letter. Meanwhile, longtime Citadel analyst Stacy Nieuwoudt has no experience as an operator in the energy industry and resigned as director of Independence Contract Drilling months before it filed for bankruptcy, Phillips 66 says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4585":"ETF&股票定投概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4138":"石油与天然气的炼制和营销","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0300736492.USD":"FRANKLIN NATURAL RESOURCES \"A\" (USD) INC","LU0130517989.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"R\" INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0477156953.USD":"HARRIS ASSOCIATES US VALUE EQUITY \"RE\" (USD) ACC","PSX":"Phillips 66","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H"},"translate_title":"Phillips 66在代理权争夺战中瞄准埃利奥特的提名人——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSX":1},"content_text":"0825 ET - Phillips 66 urges shareholders to vote against Elliott Investment's director nominees. ConocoPhillips alum Brian Coffman has never served on a public company's board, the company says. Ex-ConocoPhillips CFO Sigmund Cornelius served on the boards of three companies that have filed for bankruptcy and has a track record of errors that led to company investigations, it says. While Targa Resources founder Michael Heim was a director of Evolve Transition Infrastructure, its total shareholder return declined 93%, according to Phillips 66's letter. Meanwhile, longtime Citadel analyst Stacy Nieuwoudt has no experience as an operator in the energy industry and resigned as director of Independence Contract Drilling months before it filed for bankruptcy, Phillips 66 says. 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