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Industry Veterans Join Phillips 66’s Management Team

HOUSTON -- The executive management team of Phillips 66 continues to take shape. Greg Garland, designated chairman and CEO of the soon-to-be independent downstream company, named three more industry veterans to his team.

Greg Maxwell will become CFO for Phillips 66. He currently serves as senior vice president, CFO and controller of Chevron Phillips Chemical Co. Prior to joining Chevron Phillips Chemical in 2000, he held several senior positions with Phillips Petroleum Co. (now ConocoPhillips).

Tim Taylor will lead commercial, marketing, transportation and business development for Phillips 66. He recently announced his retirement as COO for Chevron Phillips Chemical. Prior to that position, Taylor also held senior positions in Phillips Petroleum Co.

Chantal Veevaete will lead human resources for Phillips 66. She is currently vice president, human resources for Chevron Phillips Chemical. Prior to her current role, Veevaete was vice president, human resources, for the Accredo division of Medco Health Solutions.

Taylor will join ConocoPhillips in January, while Maxwell and Veevaete will join the company in February. The three will serve in interim roles, reporting to Garland, until the Phillips 66 repositioning is completed, which is expected to take place in the second quarter of 2012.

"These individuals bring a wealth of industry experience, credibility and leadership skills to Phillips 66," Garland stated. "I am confident that the management team we are building for Phillips 66 will provide the vision and strategic insight necessary to enable us to excel in our new peer group."

ConocoPhillips’ repositioning into two independent companies is subject to market conditions, customary regulatory approvals, the receipt of an affirmative ruling from the U.S. Internal Revenue Service, the execution of separation and intercompany agreements, and final board approval.


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