Phillips 66 Partners (PSXP) Appoins Gary Adams as Director

October 2, 2013 4:07 PM EDT
Phillips 66 Partners LP (NYSE: PSXP) 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.

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.

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