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

RTTNews | 835 days ago
Stocktwits
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.

Tags: VLO
Stocktwits
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Asian Shares Mixed As Investors Await Powell Speech

Asian Shares Mixed As Investors Await Powell Speech

Asian stocks ended mixed on Thursday as investors awaited policy signals from Federal Reserve Chair Jerome Powell, who is expected to speak on Friday at the Fed's annual conference in Jackson Hole, Wyoming.
RTTNews | 13 minutes ago
European Shares Seen Flat To Higher At Open

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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 | 3h 11min ago
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RTTNews | 3h 16min ago
Sensex, Nifty Extend Gains In Cautious Trade

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RTTNews | 4h 7min ago
Australian Market Extends Early Gains In Mid-market

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RTTNews | 5h 24min ago
Asian Markets Trade Mostly Higher

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RTTNews | 5h 46min ago
Renewed Selling Pressure Tipped For Thai Stock Market

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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 | 6h 49min ago
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