Norway's Norges to vote for three Elliott nominees in Phillips 66 fight
ReutersMay 20, 2025 1:54 PM
By Svea Herbst-Bayliss
NEW YORK, May 20 (Reuters) - Norway's sovereign wealth fund said it plans to vote for three of Elliott Investment Management's four director candidates in a bitter board fight at Phillips 66 PSX.N.
Norges Bank Investment Management, one of Phillips 66's 10 largest shareholders with a roughly 1% stake in the company, detailed its intentions in a table on its website, saying it will back Brian Coffman, Sigmund Cornelius and Michael Heim.
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