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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