American energy company Phillips 66 is one of the oldest natural gas and petrochemical companies in the nation. When it was founded in 1917, Phillips 66 was known as Phillips Petroleum Company and was the leading national brand when it came to natural gas. It was successful then, and fast-forward to over a century later, the company has not let up its successes. Phillips 66 is now being led by Chairman and CEO Greg Garland, who is responsible for approximately 14,000 employees in more than 65 countries worldwide. Garland is the perfect match for the company, and he’s been the perfect match for Phillips 66 for over 6 years now. Here are 10 things you probably didn’t know about Phillips 66’s CEO, Greg Garland.
1. Humble beginnings
There’s nothing more inspirational than reading about a person who has overcome his beginnings to find success in life. Garland was actually the first in his family to attend college. In 1980, he received his Bachelor’s Degree in Chemical Engineering from Texas A&M University.
2. First and only company
Right after college, Garland began working for what was then known as Phillips Petroleum Company in 1980. He immediately utilized his engineering degree and worked as an engineer for the plastics technical center. He jumped to sales after that before becoming a manager for a different department. Soon enough, Garland was working as a business development director for the company. He started his professional career in Phillips and continues to work there 28 years later.
3. In the 90s
During the 90s, Garland worked in various departments for the company. In 1992, he worked at the Chevron Phillips Chemical Company. In 1995, he worked as general manager of the natural gas liquids division. In 1997, he was general manager of the Middle East division.
4. In the 2000s
During this time, Garland started procuring executive positions. The first one he held was as senior vice president of planning and strategic transactions from 2000 to 2001. After that, he became senior vice president of planning and specialty products in 2001. By 2011, Garland was serving as CEO of Chevron Phillips Chemical.
Garland had a couple of other roles before he stepped up to become chairman and CEO of Phillips 66 and all its subsidiaries in April of 2012, 22 years after he first started working for the company. He continues to hold this position to this date as well as the director position for Amgen Inc.
6. Board membership
Garland has a few other responsibilities apart from being chairman and CEO of such a large multinational company. He’s a board member of the American Petroleum Institute, the National Petroleum Council, and the Greater Houston Partnership. He’s also a member of the Engineering Advisory Board for Texas A&M University among a few others.
7. Different CEO
Many people who have worked with Garland claims that he has quite a different demeanor as a CEO compared to many others out there. Garland, apart from being a good strategist, is quite effective while being relaxed. He shows tremendous control without being wound too tightly, and his administration is run in such a manner.
ConocoPhillips is one of the company’s subsidiaries, and Garland has quite an endearing history with the company. Many moons ago when Garland was fresh off of college in 1980, he applied to a total of 17 companies for an entry-level position as an engineer. Out of the 17 companies he applied for, 16 companies wanted to hire him except for one. The one company that didn’t want to hire Garland happened to be Conoco, which he is now ironically heading.
9. Garland and ethics
Garland has always placed standards and ethics at the top of the list. He believes that good ethics makes for good business. In an industry that’s involved with energy and essentially the planet, it’s important to be responsible and make morally correct decisions. It’s clear that Garland is the right man for the job.
10. Total compensation
It seems that it pays to be smart and responsible at the same time because Garland has a reported salary of $24,508,433. That’s certainly an impressive sum for someone who was the first in his family to attend college. Garland has come a long way, and he’s certainly not finished in his journey.