Valero Energy Promotes President And COO Lane Riggs To Succeed Joseph Gorder As CEO

RTTNews | il y a 835
Valero Energy Promotes President And COO Lane Riggs To Succeed Joseph Gorder As CEO

(RTTNews) - Valero Energy Corp. (VLO) announced Tuesday that Joseph Gorder, Valero's Chief Executive Officer and Chairman of the Board, has chosen to retire as CEO and has been elected as Executive Chairman of the Board, both effective June 30, 2023.

In his new role, Gorder will lead the Board of Directors, and continue to provide advice and counsel to the CEO and Valero's leadership on Company decisions.

Lane Riggs, Valero's President and Chief Operating Officer, has been elected to serve as Valero's CEO and as a member of the Board, also effective June 30, 2023.

Gorder has led Valero as CEO since May 1, 2014, and has served as Chairman of the Board since December 31, 2014.

In addition to his current position, Riggs has held several leadership positions with Valero overseeing refining operations, crude and feedstock supply, and planning and economics. Riggs also served on the board of directors of Valero Energy Partners GP LLC (the general partner of Valero Energy Partners LP (VLP)) from 2014 to 2019.

read more
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks are seen opening flat to slightly higher on Thursday as investors await the latest PMI data from the region and look forward to key speeches from Fed officials when they convene in Jackson Hole, Wyoming, for the Fed's annual economic symposium.
RTTNews | il y a 2h 26min
European Economic News Preview: Eurozone Flash PMI Data Due

European Economic News Preview: Eurozone Flash PMI Data Due

Flash Purchasing Managers' survey results from the euro area and the UK are the top economic news due on Thursday. At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data. At 3.15 am ET, S&P Global publishes France flash PMI survey results.
RTTNews | il y a 2h 30min
Sensex, Nifty Extend Gains In Cautious Trade

Sensex, Nifty Extend Gains In Cautious Trade

Indian shares traded higher for a sixth consecutive session on Thursday, though overall gains remained limited due to mixed global cues ahead of the Federal Reserve's annual symposium at Jackson Hole, Wyoming, from August 21 to August 23, where Fed Chairman Jerome Powell is due to speak.
RTTNews | il y a 3h 22min
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, adding to the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 9,000 mark to fresh all-time highs, with gains across most sectors led by mining, financial and energy stocks.
RTTNews | il y a 4h 39min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Thursday, following the mixed cues from Wall Street overnight, after reports indicated the Trump administration is looking into the federal government taking equity stakes in Intel and other chipmakers in return for the federal subsidies. Traders also remain optimistic about the US Fed cutting interest rates is September.
RTTNews | il y a 5h 1min
Renewed Selling Pressure Tipped For Thai Stock Market

Renewed Selling Pressure Tipped For Thai Stock Market

The Thai stock market on Wednesday wrote a finish to the four-day losing streak in which it had slumped more than 40 points or 3.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may hand back those gains on Thursday.
RTTNews | il y a 6h 4min
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling below the 42,650 level, with weakness in index heavyweights, automakers and financial stocks.
RTTNews | il y a 6h 12min