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He is executive Vice Chairman of Marathon Petroleum Corporation, a leading, integrated, downstream energy company, since October 2018. At Suncor, Romasko's job was to focus on operations, with emphasis on improving reliability, safety and environmental performance. Eccles: I hope you dont mind me asking, but what is your political affiliation and how actively do you support your political convictions? Goff had risen through the ranks at ConocoPhillips before taking the top job at independent oil refiner Tesoro Corp. in 2010. 8. While he recognizes the importance of the stakeholders, he also recognizes that stakeholders do not benefit unless the company as a whole is successful. Retired oil-industry CEO Greg J. Goff has put his mansion in San Antonio's exclusive Dominion neighborhood on the sales block for $2.6 million, according to a new real estate listing. Whats your quick take on it? The changes that need to be made at Exxon, even under the best of circumstances, will take years, Charlie Penner, a principal at Engine No. Vicki Vaughan writes about refining and publicly traded energy companies based in San Antonio. In addition, he makes $242,021 as Independent Director at Polished.com Inc. Gregory has made over 1 trades of the Polished.com Inc stock since 2018, according to the Form 4 filled with the SEC. Grapstein said in a statement that Tesoro sought a solutions-oriented CEO with a broad background in refining. Tesoro Logistics' (TLLP) CEO Greg Goff on Q2 2015 Results 5. Oil price. [+] Portrait, profile, red background. Andeavor Greg Goff Tesoro Tesoro Corporation Western Refining Previous Post Italmatch Chemicals closes financing package to fund new acquisitions, refinance Eccles: Related to this, is the Paris Agreement 1.5C target useful from a public policy point of view? What do they need to do? Goff: No problem. the use of artificial intelligence to analyze the risks of investing in a business model and assess [+] the importance of esg in enterprise management. Tesoro has seven U.S. refineries west of the Mississippi River with a combined capacity of 665,000 barrels a day. COTTBUS, GERMANY - APRIL 12: Exhaust plumes from cooling towers at the Jaenschwalde lignite [+] coal-fired power station, which is owned by Vatenfall, April 12, 2007 at Jaenschwalde, Germany. Eccles: Greg, thanks for your insights. There are 2 older and 14 younger executives at Polished.com Inc. He joined Tesoro from Ultramar Diamond Shamrock Corp., where he was vice president of corporate planning and investor relations. Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. Goff: Im very optimistic about the transition. In addition to having a sense of urgency, it is important there is very well-developed framework to drive change as we decarbonize. But Goffs mother Catherine Goff said since his days playing Park City High School sports he was always up for a challenge. Our Standards: The Thomson Reuters Trust Principles. Create a bonsai tree out of bricks with this $40 LEGO set, Dyson's air purifying headphones have finally arrived, Save on AeroGarden indoor herb growing kits at Amazon. Use Next and Previous buttons to navigate, (FILES) An Exxon sign is seen at a station in this September 20, 2008 file photo in Manassas, Virginia. 1847 Goedeker Inc. operates as an online consumer goods retailer. Executives. It became obvious that when Goss joined Tesoro the many challenges presented by the company would not only keep him busy, but happy. Are you optimistic or pessimistic about the energy transition and ESG in America? Whats more,, Read More The Top Ten Highest Paid University Presidents in the U.S.Continue, Vitaly Ponomarev is the founder of WayRay. The retiring Lewis has been responsible for the company's strategic and operational leadership, according to the company's website. Anyone who thinks that Greg Goff is going to storm into the Exxon Mobil boardroom and start yelling about wind farms, does not know Greg Goff, Paul Sankey, an independent analyst, said in a note Thursday. 6. Eccles: Im afraid youre right but this spurs one last question and I promise it really is the last one. Goff, whose 29-year energy career began at Conoco in 1981, was unavailable for comment, and ConocoPhillips declined to specify his last day at the company. But while Goff will address both issues on behalf of Engine No. Goff was also questioned about the progress of Tesoros $4.1 billion acquisition of Western Refining, which was announced in November and would make Tesoro the fifth-largest refiner in the U.S. News Releases - U.S. Senator John Hoeven of North Dakota Tesoro CEO Greg Goff told employees that he was creating the new position of executive vice president of operations to replace the chief operating officer's job, Tesoro spokesman Mike Marcy said in an e-mail. Every contribution, however large or small, will make a difference. As CEO of Andeavor, spearheaded a financial Goff: I spent my career in the energy business and I am very grateful for the opportunities and challenges that I experienced around the world. HOUSTON, March 30 (Reuters) - Tesoro Corp TSO.N on Tuesday named ConocoPhillips COP.N senior vice president Greg Goff to succeed retiring chief executive Bruce Smith. A company should not reflect the view of one person, be it the CEO or a small group of people. The most active insiders traders include Stephen D Newlin, Houman Akhavan, and Richard H Fearon. That high is less than what Exxon shares trade for now. The company does not intend to make the Andeavor name part of its retail portfolio, which will include approximately 3,000 locations, following the Western Refining acquisition. Said company is involved in augmented reality. It's Official: Tesoro Announces New Chief Executive Eccles: Of course, the elephant in the room is the national oil companies, like Saudi Aramco, Lukoil, Sinopec, and China National Oil Company. Andeavor is an oil refinery and logistics corporation that has 10 refineries and employs more than 14,000 people in 18 states west of the Mississippi. Before he joined Tesoro, Smith was treasurer and vice president of Valero Energy Corp. Tesoro Joining me are Greg Goff, Chairman and CEO; Phil Anderson, President; and Steven Sterin, CFO. April was a rough month for Tesoro. The small businesses hed grown up around in Park City were struggling in the early 1980s, she said. Goff: My view is that this is the biggest challenge of my lifetime. Mr. Goff was President and Chief Executive Officer of Andeavor (an (Greg) Goff joined Tesoro as President and Chief Executive Officer in 2010. The purpose was to see how he would handle himself in a situation where everyone around him had a completely different view of the workaday world. Tesoro was the next step in Goss career due to a bit of espionage. Goss would move from Conoco Phillips to Tesoro after he decided his time with Conoco Phillips had run its course in the development of his career. He would later say that Tesoro had been recruiting him for virtually his entire time at Conoco. Tesoro CEO Goff Meets with Hoeven to Discuss Company's Expansion Plans. Tesoro Join Facebook to connect with Greg Goff and others you may know. Gregory Goff Net Worth (2023) | wallmine UPDATE 1-Tesoro names ConocoPhillips' Greg Goff CEO | Reuters His father liked working in sales and, Read More 10 Things You Didnt Know about Ernie Boch Jr.Continue. All rights reserved. "He thinks he can pull them out of it. HOUSTON, March 30 (Reuters) - Tesoro Corp TSO.N on Tuesday named ConocoPhillips COP.N senior vice president Greg Goff to succeed retiring chief Evan Barbosa - Investor Relations Manager. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the Do you think this will still be the case by the time the elections come around? The refined products will come from Tesoros Anacortes refinery, a 120,000-barrel-a-day facility located north of Seattle, Washington. Tesoro was the next step in Goss career due to a bit of espionage. Goff, a former ConocoPhillips executive who joined Tesoro in May, said during the call that he will present his plan to the company's board around the mid-fourth quarter. Park City, Summit County explore creating a regional housing authority, Kimball Art Center clarifies Park City festival attendance, says drop not as dramatic as it appears, Park City Mountain, Deer Valley still have plenty of snow, but postseason earn-your-turns skiing is prohibited, Utah judge to consider challenge to new abortion clinic ban, Coffee cart brews success for Ecker Hill Middle School students. Mr. Goff owns over 140 units of Polished.com Inc stock worth over $748,132 and over the last 11 years he sold POL stock worth over $0. The former CEO of San Antonio oil company Tesoro is An Exxon spokesman said the company welcomes the new directors to the board and is looking forward to working with them constructively and collectively to benefit all shareholders., On HoustonChronicle.com: Big Oil confronted with 'day of reckoning' on climate change after Exxon board shake-up. Were not talking about simply finding it to be a nice place to call home. They may have plenty of time to get to know each other. 1847 Goedeker markets its products in the United States. Gregs wife Sylvia, who could not be reached for this article, lives in Park City full-time with one son currently attending Park City High School. Romasko's appointment coincides with the retirement March 21 of Everett Lewis, Tesoro's executive vice president and chief operating officer. He would later say that Tesoro had been recruiting him for virtually his entire time at Conoco. Among the recreational things he likes to Prior to joining He also worked for Petro-Canada, which merged with Suncor in 2009. Like other refiners, Tesoro has struggled with paltry margins and sluggish demand for gasoline an diesel fuel, and reported a $140 million loss in 2009. ExxonMobil faces a number of climate-related votes at the gathering, which went into a one-hour recess late Wednesday morning following speeches from sponsors of the shareholder motions. He said Tesoro expects to receive a preliminary report later this month from the U.S. Chemical Safety Board about the blast, which will help determine whether or not the plant can reopen in September. Because energy is critical to our economic well-being as a country, the framework needs to deploy capital effectively and efficiently; support innovation; develop policies that enhance our competitive position; and consider all the consequences of the changes that we pursue. I believe we need to strengthen our competitive position in the world. Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Morgan Stanley's dealmaking CEO Gorman signals more transactions to come, San Antonio Economic Development Foundation. Tesoro had been searching for a successor since Smith announced last year that he would retire once a replacement was selected. When joining Tesoro, the stock price of the company was at $10 a share. Germany is planning the construction of 40 new coal-fired power plants, though officials claim the plants are based on technology that radically increases their efficiency. Eccles: Im looking forward to what you have to say. It isnt the first time Goff, whos in his mid-60s, has been a player in an activist shareholder drama. 1, said Wednesday. Also, just weeks before Goff jointed the company, a fire and explosion April 2 at Tesoro's refinery in Anacortes, Wash., killed seven employees. Wawa to Break Ground on First North Carolina C-store, First Allsup's Express Grab & Go Location Opens. Tesoro First, continue to eliminate or significantly reduce the CO2 emissions from their business. I dont believe a tax is the best approach. Tesoro As with many intelligent people, he requires constant challenges to be at his happiest. Eccles: Fair enough, so lets unpack the three letters and start with the G since its really the wrapper around the E and the S.. I believe that there are better organizations to be a repository of this data than the SEC. 9. Greg Goff - Chairman and Chief Executive Officer But I think your view is that climate change is a real phenomenon and humans have responsibility in both creating it and dealing with it. Tesoro Corp. confirmed that its board hired Greg Goff, a senior vice president of ConocoPhillips, to be its president and chief executive, effective May 1. WebSAN ANTONIO -- Tesoro Corp.'s board of directors elected Greg Goff to be the company's new president and chief executive officer effective May 1, replacing Bruce Smith in these 10. On average, Polished.com Inc executives and independent directors trade stock every 26 days with the average trade being worth of $14,473. active calving glacier. Hutchison was one of the biggest beneficiaries of campaign contributions from Tesoros PAC in the 2010 election cycle, even though she had already announced her retirement. Eccles: You know theres pressure on investors to divest and exclude while others are arguing for shareholders to engage with these companies. the importance of esg in enterprise management, Why Blowing Up Pipelines Will Not Solve The Climate Crisis. To begin with, it is socially and spiritually convenient and rewarding to be literate. She is a graduate of the University of Texas at Austin. Smith, 66, will continue as chairman until the companys annual meeting on June 4, when lead director Steven Grapstein will become non-executive chairman. When asked about the company's retail operations and whether they would be expanded or would shrink, the chief executive said he would talk more about its convenience store and retail operations later in the year. He was senior vice president at the Houston-based company before joining Tesoro. One of his first people skill tests involved a bus ride up to Lake Tahoe, Nevada. Greg Goff, Marathon Petroleum Corp: Profile and Biography The companys stock is trading at $13 to $14 per share down from the June 2007 high of almost $63. The bonus is to be paid six months after the retention period ended, SEC documents show. The Jaenschwalde power plant, built by the former East German government in the 1980s, emits 25 million tons of CO2 annually and is among the biggest single producers of CO2 emissions in Europe. As the Independent Director of Polished.com Inc, the total compensation of Gregory Goff at Polished.com Inc is $242,021. Shortly after Goff joined Tesoro, he took steps to shore up the company's top management team following a spate of departures in mid-2010. Tesoro CEO Working on Strategic Plan | Convenience Store News Currently, Ponomarev is serving as both the companys CEO and the, Read More 10 Things You Didnt Know about Vitaly PonomarevContinue, If youre like most people, you dont have to think very hard to realize how frightening it might be to have a terminal illness or a debilitating disease. SAN ANTONIO -- Tesoro Corp. announced that Greg Goff has been elected by the Board of Directors to be the company's new president and chief executive officer effective May 1, 2010, replacing Bruce Smith in those roles. Opinions expressed by Forbes Contributors are their own. Shaw & Co. pushed to split up the refiner, people familiar with the matter said at the time. Goff: A much more sensitive area. Gregory James Goff is a businessperson who has been at the head of 13 different companies and currently occupies the position of President & Director at Tesoro Tesoro Copyright 2023 Surperformance. We know Greg Goff, this will all be orderly.. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. He likes to work long hours, not endure them. (George) was a noted, good business man and he taught him a lot," she said. In his view, what is important is doing the right thing for the company. We expect to generate more than $20 million in annual operating income from this business even if the current economic conditions continue, said Greg Goff, Tesoros chairman, president and CEO. Just last October the company had a fire at its Salt Lake City plant. One bus tour does not a career make, but the feedback about Goss people management skills came from the union guys themselves. For Goss, giving back is a part of being successful. If you reached this page via our site or search, please let us know by emailing, Epsteins Private Calendar Reveals Prominent Names, Including CIA Chief, Goldmans Top Lawyer, The Building Boom Is Prolonging Market Pain, Five Dead, Including Eight-Year-Old, in Texas Shooting, Biden Calls for Release of Jailed Journal Reporter Evan Gershkovich, Dylan Mulvaney Speaks Out Following Bud Light Ad Controversy. Most recently he bought 140 units of POL stock worth $11,131 on 9 October 2018. 3. Goff: Unfortunately, yes, for the reason that I stated earlier. Romasko worked for more than 20 years with ConocoPhillips, where he held leadership positions in transportation, pipeline, supply and trading, global specialty products and refining, Tesoro said in a statement. Catching Up With Sunday, The Green Lawn-Care-In-A-Box Company, IONIQ 6 Makes Hyundai A True Tesla Contender: Test Driven, Companies Must Protect Workers From Heat Stress, Study Warns, McKinsey Predicts Deep Curbs On Car Use, Fall In New Car Sales, Rise Of Micromobility. Eccles: Thanks and Im sure youre right. He is unquestionably focused primarily on making organizations work better for all stakeholders.. Hes very aware of them, and has met with them. "It's not appropriate to talk at this time." In June 2010, Goff offered Lewis a $400,000 cash retention bonus as an incentive for his continued service to the company, should he agree to stay through Jan. 31, according to a regulatory filing. Tesoro Hires ConocoPhillips Exec. Goff To Be Chief Executive Portrait, profile, red background. - ExxonMobil's chief executive defended the company at its annual meeting on May 26, 2021 as the oil giant sought to fend off a major activist challenge over its policies to address climate change. Like what needs to get done in the next five to 10 years and what issues will take a longer period of time? Is the Stanley Quencher tumbler worth its TikTok hype? Here's what the data says. Our economic system is highly competitive, innovative, resilient, and driven by technology. Gregory J. Goff | Reenergize Exxon See if you qualify for a free subscription to our industry leading paper magazine. His father Calvin had a successful career with General Electric. Heminger departed and Goff retired. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. As the story goes, his supervisor intentionally put the upcoming white collar Goff on a bus load of union guys truckers and mechanics. The Company offers microwave ovens, grills, fridge, dishwashers, dryers, space heaters, furniture, rugs, garbage disposals, lamps, and home improvement products. Goff: Yes. Eccles: What is your sense of urgency on this? The 7,700-square-foot,, A French-style manor once owned by San Antonio construction contractor, developer and serial entrepreneur Terry Thrift Jr. has hit the market for. Marathon eventually buckled and agreed to spin off its Speedway gas station chain. An explosion in Washington State killed seven people the most severe in the nation since 2005. Activist investor Engine No. You may opt-out by. How we use all the resources, using the term resources very broadly, and the impact they have on the environment. Make sure companies are fully transparent in their results and that they have effective governance to drive the change. Tesoro Logistics LP (TLLP) Q4 2015 Earnings Conference Call February 2, 2016 12:00 PM ET. Every once in a while, an extremely bright and gifted person emerges onto the scene in the business world who leaves those around him or her in a state of awe. We have great people who can flourish in this economic system to do the right things. "We are doing our own investigation, and when the time is right, we'll be able to talk about what happened there," Goff said. WebGoff was hired as the head coach of the Alabama Crimson Tide baseball team on June 17, 2016. Nuclear offers many advantages and while we need to use nuclear power, we need to continue to focus on managing the risks involved. Greg Goff Unlike most glaciers, Hubbard is advancing vs. receding. Goff: A target is critical, if nothing more than laying a stake in the ground that everyone can work towards. Goff: The environment. And what are some of the most important experiences you had in your career? Eccles: Renewable energy is obviously key to the energy transition, and it comes in many forms. What is the most effective way for investors to support the energy transition? Depending on which renewables you are talking about, the scale to meet demand, the continuity of supply, and the life cycle impact are some of the critical considerations. 20 Countries With the Least Amount of Debt, The 10 Most Expensive Skateboards in the World, The 10 Best Ducati Motorcycles of All-Time. All quotes delayed a minimum of 15 minutes. Within a few years the price would soar to $75 a share. Company Plans Expanded Production in Mandan, New Rail Project To Ship ND Crude WASHINGTON Senator John Hoeven today met with Tesoro CEO Greg Goff to review the companys major expansion plans in North Dakota, including a $35 million, WebGregory J. Goff Former Chief Executive Officer of Andeavor ~40-year track record of success in the energy industry. It is always enjoyable to have a healthy discussion around such important issues. I believe they will continue to improve the value and impact of fracking. Tesoro has said going forward, it plans to reduce corporate expenses by $40 million to $50 million a year, and cut post-retirement benefit expenses by $80 million to $90 million. GOP leaders say ballot shortage was targeted at Republicans. More important is the progress along the way, over the next two- and one-half decades. Despite it's advancing status, this photo is often used to depict global warming and climate change as a massive piece of Hubbard glacier calves off into Disenchantment Bay. It only took a few weeks for his bosses to realize he would need to be fast tracked to maximize his considerable talent. Get news highlights delivered directly to your e-mail inbox. Ernies grandfather was the number one Nash dealer in the country, and Ernie was naturally included in the family business. Last updated: 4 January 2023 at 3:09pm EST. Template. Fortunately, I spent time in the upstream, downstream, midstream, and commercial parts of the industry. He is also Chairman and Chief Executive Officer of Tesoro Logistics LP. Dan Romasko will join Tesoro from Suncor Energy Inc. of Canada, where he most recently was vice president of operations integrity and vice president of technical operations and competence. Tesoro Garrett by trade is a personal finance freelance writer and journalist. It may have been his confidence in Goss that steered him to believe he knew what he was doing.
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