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Phillips 66 Loses Glass Lewis Support for Three Directors

Bloomberg.com · last updated

Proxy advisory firm Glass Lewis said shareholders of Phillips 66 should vote for three board nominees put forward by Elliott Investment Management, amid a proxy battle between the US oil refiner and activist investor.

Glass Lewis recommended voting for Brian Coffman, Sigmund Cornelius and Michael Heim from the Elliott slate, citing their industry experience, according to a report published on Friday. It also supported Nigel Hearne, a Phillips 66 nominee.

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