Elliott Releases Second Episode of "Streamline 66" Podcast Series Featuring 1:1 Conversation with Director Nominee Stacy Nieuwoudt
Episode with Ms. Nieuwoudt, Former Energy and Industrials Analyst at Citadel, Features Discussion on the Value of Bringing an Investor Mindset and Her Deep Industry Expertise to the Boardroom
Visit Streamline66.com to Learn About Elliott's Campaign at Phillips 66 and Subscribe to the Podcast
WEST PALM BEACH, Fla., April 15, 2025 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together make it a top five shareholder in Phillips 66 (NYSE:PSX) (the "Company" or "Phillips"), today released the second episode of the Streamline 66 Podcast, a series featuring 1:1 conversations with Elliott's highly qualified director nominees ("Nominees" or "Nominee"), as well as industry experts.
The latest installment features Nominee Stacy Nieuwoudt, who spent her career as a senior energy and industrials analyst at Citadel and has served on the boards of multiple publicly traded energy companies. Stacy Nieuwoudt said:
- "I think energy investors are really focused on pure play companies that are focused on core businesses that are efficient, well run and (have) superior capital allocation. Investing and growing empires rarely is awarded in the energy space."
- "I think it's the fiduciary duty of every board and every management to consider portfolio optimization constantly… Companies are ever-evolving organisms and to not make sure that you have an optimized portfolio strategy is just inefficient."
- "Phillips 66 is a wonderful company with fantastic assets. … If we can change the corporate structure and unlock value, then I think that actually frees up every operation as a pure play to be more efficient, to be more competitive, and to be better positioned for the future. I'm really excited to be able to have that opportunity to help drive that transformation."
- "I've been covering the space for over 20 years, I've attended thousands of meetings with management teams. I've never had a management team suggest to me that their stock was fully valued. That just inherently highlights the disconnect between the investor mindset and the management."
Episodes can be accessed on Streamline66.com/podcast, and are available on Apple, Spotify and everywhere podcasts are heard. You can not only listen to the conversations on all major podcast feeds, but you can also watch the episodes on YouTube.
For more information, including how to vote on Elliott's GOLD proxy card, please visit Streamline66.com.
ADDITIONAL INFORMATION
Elliott Investment Management L.P., together with the other participants in Elliott's proxy solicitation (collectively, "Elliott"), has filed a definitive proxy statement and accompanying GOLD universal proxy card with the Securities and Exchange Commission ("SEC") to be used to solicit proxies with respect to the election of Elliott's slate of highly qualified director candidates and the other proposals to be presented at the 2025 annual meeting of stockholders (the "Annual Meeting") of Phillips 66, a Delaware corporation ("Phillips" or the "Company"). Stockholders are advised to read the proxy statement and any other documents related to the solicitation of stockholders of the Company in connection with the Annual Meeting because they contain important information, including information relating to the participants in Elliott's proxy solicitation. These materials and other materials filed by Elliott with the SEC in connection with the solicitation of proxies are available at no charge on the SEC's website at http://www.sec.gov. The definitive proxy statement and other relevant documents filed by Elliott with the SEC are also available, without charge, by directing a request to Elliott's proxy solicitor, Okapi Partners LLC, at its toll-free number (877) 629-6357 or via email at [email protected].
About Elliott
Elliott Investment Management L.P. (together with its affiliates, "Elliott") manages approximately $72.7 billion of assets as of December 31, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.
Media Contact:
Casey Friedman
Elliott Investment Management L.P.
(212) 478-1780
[email protected]
Investor Contact:
Bruce Goldfarb / Pat McHugh
Okapi Partners LLC
(877) 629-6357
(212) 297-0720
[email protected]
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SOURCE Elliott Investment Management L.P.