Valero Energy Corporation
Valero Announces Retirement of Executive Chairman and New Board Chairman
Summary
On October 30, 2024, Valero Energy Corporation announced that Joseph W. Gorder has elected to retire from his position as Executive Chairman and as a member of the Board effective December 31, 2024. R. Lane Riggs, Valero's Chief Executive Officer and President, has been elected to the additional position of Chairman of the Board effective the same date.
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About Valero Energy Corporation
Valero Energy Corporation is a leading international manufacturer and marketer of transportation fuels and petrochemical products. Operating as an independent petroleum refiner, Valero plays a crucial role in the energy sector, producing essential fuels like gasoline, diesel, and jet fuel. The company operates multiple refineries and ethanol plants across various strategic locations, primarily in the United States and Canada, optimizing access to feedstock supplies and distribution networks. One of Valero's distinguishing features is its commitment to sustainable and environmentally responsible practices, investing in renewable diesel production and reducing carbon emissions. As a key player in the energy market, Valero supplies a broad portfolio of customers, including retail outlets, wholesalers, and enterprise clients, leveraging its extensive logistic capabilities. Founded in 1980 and headquartered in San Antonio, Texas, Valero Energy Corporation significantly contributes to global energy supply chains while continuously adapting to changing regulatory and market dynamics.
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