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Elliott Nails 1st Board Seat At Phillips 66 After Prior Demand

By Al Barbarino ( February 13, 2024, 1:22 PM EST) -- Oil refiner Phillips 66 said Tuesday it has named former Cenovus Energy executive Robert W. Pease to its board, caving to pressure from Elliott Investment Management after the activist investor revealed it bought up a $1 billion stake in the company and was seeking two board seats....

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