Phillips 66 Partners Appoints Adams to Board
HOUSTON--(BUSINESS WIRE)-- Phillips 66 Partners LP (NYS: PSXP) , a master limited partnership formed earlier this year by Phillips 66, announces the appointment of Gary Adams to the board of directors of Phillips 66 Partners GP, its general partner. Adams will be the lead director of Phillips 66 Partners GP, chair the Conflicts Committee and serve on the Audit Committee. His appointment brings the total number of board members to seven, with Adams being the third independent director.
Gary Adams, newest director, Phillips 66 Partners (Photo: Business Wire)
"Gary's extensive tenure and leadership experience in the energy industry will provide valuable guidance as we grow Phillips 66 Partners," said Greg Garland, chairman and CEO, Phillips 66 Partners GP. "We are pleased to welcome him to our board."
Adams, 62, currently serves as chief advisor - Chemicals for IHS Inc. Serving more than 20 years with Chemical Market Associates Inc. (CMAI), he progressed to president, CEO and chairman of CMAI in 1997 and served in that role until its acquisition by IHS in 2011. Adams earned a Bachelor of Science degree in industrial management from the University of Arkansas and has more than 35 years of experience in the petrochemical and plastics industries. He also serves as a director for Arabian American Development Company.
Adams joins independent directors Mark Haney and Joseph O'Toole on the Phillips 66 Partners GP board. The other directors are Phillips 66 executives Greg Garland, Greg Maxwell, Clayton Reasor and Tim Taylor.
About Phillips 66 Partners
Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum product and natural gas liquids pipelines and terminals and other transportation and midstream assets. Headquartered in Houston, the partnership's assets include the Clifton Ridge crude oil pipeline, terminal and storage system in Louisiana; the Sweeny to Pasadena refined petroleum product pipeline, terminal and storage system in Texas; and the Hartford Connector refined petroleum product pipeline, terminal and storage system in Illinois. For more information, visit www.phillips66partners.com.
KEYWORDS: United States North America Texas
The article Phillips 66 Partners Appoints Adams to Board originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.