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

RTTNews | 833 dias atrás
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.

Etiquetas: VLO
read more
Swiss Market Ends On Strong Note

Swiss Market Ends On Strong Note

After a somewhat subdued start, the Switzerland market gained in strength as the session progressed on Tuesday, to eventually closed on a bright note.
RTTNews | 33 minutos atrás
European Stocks Close Higher On Russia-Ukraine Peace Deal Hopes

European Stocks Close Higher On Russia-Ukraine Peace Deal Hopes

European stocks closed higher on Tuesday as the mood remained positive amid optimism over a potential Russia-Ukraine peace deal, after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good".
RTTNews | 57 minutos atrás
U.S. Housing Starts Unexpectedly Surge In July But Building Permits Slump

U.S. Housing Starts Unexpectedly Surge In July But Building Permits Slump

A report released by the Commerce Department on Tuesday unexpectedly showed a sharp increase by new residential construction in the U.S. in the month of July. The Commerce Department said housing starts shot up by 5.2 percent to an annual rate of 1.428 million in July after spiking by 5.9 percent to an upwardly revised rate of 1.358 million in June.
RTTNews | 4 h 35 min atrás
Bay Street May Open On A Slightly Positive Note

Bay Street May Open On A Slightly Positive Note

Canadian shares look headed for a slightly positive start on Tuesday, tracking steady European markets amid hopes of a Russia-Ukraine peace deal after U.S. President Donald Trump described his meeting with Ukrainian President Volodymyr Zelenskyy and several other European leaders as "very good."
RTTNews | 6 h 30 min atrás
FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The UK stock market is modestly higher a little past noon on Tuesday amid expectations of a Ukraine peace deal. Investors are also looking ahead to the Federal Reserve's economic symposium at Jackson Hole, Wyoming, that gets underway on Thursday.
RTTNews | 6 h 59 min atrás