Phillips 66 Announces Board Changes Ahead of 2025 Annual Meeting

HOUSTON – Phillips 66 (NYSE: PSX) announced that board members **Gary K. Adams** and **Denise L. Ramos** have decided not to stand for reelection at the company's 2025 Annual Meeting of Shareholders. Their decisions are part of the company's ongoing board refreshment strategy and are not due to any disagreements with the company regarding its operations, policies, or practices.

Both Adams and Ramos will continue serving on the board until their terms expire at the annual meeting. Following their departures, the board size will be reduced from **14 to 12 members**.

Phillips 66 continues to align its leadership with its strategic direction, ensuring a diverse and experienced board to guide the company's future.