India, April 9 -- Elliott Investment Management says that it has the support of Phillips 66 (PSX) investor Gregory Goff for its campaign to replace some of the company's board members.
"Elliott is pleased to have the support and assistance of Phillips 66 shareholder and accomplished energy industry veteran Gregory Goff for our effort to boost shareholder value at Phillips 66," the management company said in a statement.
In a letter to shareholders, Goff, who owns a $10 million stake in Phillips 66, said that he believes "the slate of directors put forward by Elliott Investment Management can help the company unlock that potential."
"I have made a $10 million investment in Phillips 66 because I am confident that with the right leadership,...