21-05-2025
Elliott Set to Win Two Phillips 66 Board Seats in Proxy Fight
By and Liana Baker
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Phillips 66 shareholders are set to elect two of Elliott Management's nominees to its board, in the first ever US proxy vote for the activist investor.
Shareholders are poised to elect Sigmund Cornelius and Michael Heim from Elliott's four nominees, Elliott said in a statement on Wednesday, citing a preliminary analysis of the votes. Two of Phillips 66's nominees, Robert Pease and Nigel Hearne, were also set to be elected, according to people familiar with the matter, asking not to be named discussing confidential matters.
