Valero Energy Corp. announced May 9 that Joseph Gorder is retiring from his position as CEO but has been elected as executive chairman of the board, with current president and COO R. Lane Riggs to succeed him as CEO. (Source: Shutterstock.com)
Valero Energy Corp. announced May 9 that Joseph Gorder is retiring from his position as CEO but has been elected as executive chairman of the board, with current president and COO R. Lane Riggs to succeed him as CEO.
The changes in leadership will be effective June 30.
Gorder has been CEO of Valero since May 1, 2014 and chairman of the board since Dec. 31 of that same year.
“[Gorder's] strong and principled leadership steered a repositioning of Valero’s strategy that has been steadfastly executed for nearly a decade and has been pivotal to Valero’s ability to deliver distinctive financial results and peer-leading returns to stockholders while establishing its position as one of the world’s leading manufacturers of low-carbon liquid transportation fuels,” said Robert Profusek, Valero’s lead independent director.
Riggs is transitioning to CEO after several leadership positions at Valero and having served on the board of directors for Valero Energy Partners GP LLC from 2014 to 2019.
Valero Energy Corp. is a manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products.
Recommended Reading
2024 E&P Meritorious Engineering Awards for Innovation
2024-11-12 - Hart Energy’s MEA program highlights new products and technologies demonstrating innovations in concept, design and application.
Push-Button Fracs: AI Shaping Well Design, Longer Laterals
2024-11-26 - From horseshoe wells to longer laterals, NexTier, Halliburton and ChampionX are using artificial intelligence to automate drilling and optimize completions.
Novel EOR Process Could Save Shale from a Dry Future
2024-12-17 - Shale Ingenuity’s SuperEOR, which has been field tested with positive results, looks to remedy the problem of production declines.
Fugro’s Remote Capabilities Usher In New Age of Efficiency, Safety
2024-11-19 - Fugro’s remote operations center allows operators to accomplish the same tasks they’ve done on vessels while being on land.
Companies Hop on Digital Twins, AI Trends to Transform Day-to-day Processes
2024-10-23 - A big trend for oil and gas companies is applying AI and digital twin technology into everyday processes, said Kongsberg Digital's Yorinde Lokin-Knegtering at Gastech 2024.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.