And they often had to choose between recreation and their job," he said. Garrett by trade is a personal finance freelance writer and journalist. 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. 10. Eccles: Of course, the elephant in the room is the national oil companies, like Saudi Aramco, Lukoil, Sinopec, and China National Oil Company. This approach makes it difficult to engage in S. That may sound like an easy way out. It became obvious that when Goss joined Tesoro the many challenges presented by the company would not only keep him busy, but happy. Second, create and develop supplies of energy that are clean. Joining me are Greg Goff, Chairman and CEO; Phil Anderson, President; and Steven Sterin, CFO. 1847 Goedeker Inc. operates as an online consumer goods retailer. After he was done with an MBA, Greg looked to work for a major company himself. I believe they will continue to improve the value and impact of fracking. (Greg) Goff joined Tesoro as President and Chief Executive Officer in 2010. Eccles: Related to this, is the Paris Agreement 1.5C target useful from a public policy point of view? As CEO of Andeavor, spearheaded a financial Goff: In the U.S., the government needs to develop a framework for change by implementing policies that enhance our competitive position, support innovation, and consider the life cycle impact of policies. Another son graduated in 2005 and I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. 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. Heminger departed and Goff retired. HONOLULU (HawaiiNewsNow) - Tesoro Corporation is selling the state's largest refinery and its 31 gasoline stations in a deal valued at up to $350 million. Luciano Schipelliti is one, Read More Young Entrepreneur to Watch: Luciano SchipellitiContinue, Education is perhaps the most important commodity that anyone can invest in, and it is rewarding on many levels. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. In search of vegan food, I found a world-class Mendocino inn. Vicki Vaughan writes about refining and publicly traded energy companies based in San Antonio. Goff: My view is that this is the biggest challenge of my lifetime. Smith, 66, will continue as chairman until the companys annual meeting on June 4, when lead director Steven Grapstein will become non-executive chairman. Goff: Unfortunately, yes, for the reason that I stated earlier. His father Calvin had a successful career with General Electric. Arab world, Middle East, oil industry. San Antonio Current Staff WebGregory J. 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 In addition to having a sense of urgency, it is important there is very well-developed framework to drive change as we decarbonize. When joining Tesoro, the stock price of the company was at $10 a share. The bonus is to be paid six months after the retention period ended, SEC documents show. Make sure companies are fully transparent in their results and that they have effective governance to drive the change. I believe that there are better organizations to be a repository of this data than the SEC. He is executive Vice Chairman of Marathon Petroleum Corporation, a leading, integrated, downstream energy company, since October 2018. 5. There are 6 executives at Polished.com Inc getting paid more, with RobertPatterson having the highest compensation of $6,106,630. 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. He was senior vice president at the Houston-based company before joining Tesoro. He was friendly and could relate to the everyday worker, an essential skill when selected to be CEO of a major corporation. I believe that companies need to reflect the views of the people who work there and the people who own the company. Before he joined Tesoro, Smith was treasurer and vice president of Valero Energy Corp. VLO.N He also had previously been a banker and a financial analyst for Ford Motor Co. F.N (Reporting by Kristen Hays; Editing by Gary Hill). 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. The small businesses hed grown up around in Park City were struggling in the early 1980s, she said. Executives. What do you think the Western oil and gas majors need to do? The oldest executive at Polished.com Inc is RobertAbernathy, 65, who is the Independent Director. Nuclear offers many advantages and while we need to use nuclear power, we need to continue to focus on managing the risks involved. 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. Tesoro was the next step in Goss career due to a bit of espionage. Eccles: What is your sense of urgency on this? Before we dig into these topics, please tell me a bit about your professional career. The most active insiders traders include Stephen D Newlin, Houman Akhavan, and Richard H Fearon. San Antonio-based refiner Tesoro Corp. said Wednesday that it has hired an industry veteran to serve in the newly created position of executive vice president of operations, effective March 21. 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. 1s victory on Wednesday in a bitter proxy fight with Exxon saw at least two of its nominees, including Goff, voted in as director in a humiliating blow to the energy giant. After pumping gas and fixing cars in the Basin as a student, Goff eventually rose to the position of senior vice president with that company before agreeing to take the helm at Tesoro. You can see the complete history of Mr. Goff stock trades at the bottom of the page. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. Template. Eccles: Renewable energy is obviously key to the energy transition, and it comes in many forms. 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. But the work has to begin now, Penner said. 7. As a highly advanced society, we have a moral obligation to live our lives this way. Eccles: Greg, I know youre a busy guy so thanks for taking the time to talk to me about two issues that are important but controversial: the energy transition and ESG. [+] Portrait, profile, red background. Mr. Goff was President and Chief Executive Officer of Andeavor (an Join Facebook to connect with Greg Goff and others you may know. It is always enjoyable to have a healthy discussion around such important issues. Goff: A much more sensitive area. Gregory Goff is 63, he's been the Independent Director of Polished.com Inc since 2011. Prior to joining Tesoro in 2010, Mr. Goff worked for ConocoPhillips Corporation, an integrated energy company, where he held a number of senior leadership positions, most recently Senior Vice President Commercial from 2008 to 2010. Before he joined Tesoro, Smith was treasurer and vice president of Valero Energy Corp. Eccles: At the center of the debate about the energy transition is the role of oil and gas. Unlike most glaciers, Hubbard is advancing vs. receding. 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. Goff had risen through the ranks at ConocoPhillips before taking the top job at independent oil refiner Tesoro Corp. in 2010. 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. He also had previously been a banker and a financial analyst for Ford Motor Co. (Reporting by Kristen Hays; Editing by Gary Hill). They definitely need to balance the impact of the change on all their key stakeholders. Copyright 2023 Surperformance. 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. For Goss, giving back is a part of being successful. Eccles: Thanks for your views on trends and energy mix. Whats your quick take on it? Also, I met and worked with many fascinating people and especially enjoyed working in many different cultures. (Photo by Sean Gallup/Getty Images). Our economic system is highly competitive, innovative, resilient, and driven by technology. 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. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. On average, Polished.com Inc executives and independent directors trade stock every 26 days with the average trade being worth of $14,473. Its ESG! Wawa to Break Ground on First North Carolina C-store, First Allsup's Express Grab & Go Location Opens. It was something he always wanted, she said. Tenured Harvard Business School professor, now at Oxford University. Gregory's mailing address filed with the SEC is C/O EXXON MOBIL CORPORATION, 5959 LAS COLINAS BOULEVARD, IRVING, TX, 75039-2298. Tesoro Corporation (NYSE:TSO) announced today that Greg Goff has been elected by the Board of Directors to be the companys new President and Chief Ex Gregory James Goff is a businessperson who has been at the helm of 13 different companies and presently is President & Director at Tesoro Refining & Marketing Co. LLC. "We are doing our own investigation, and when the time is right, we'll be able to talk about what happened there," Goff said. One possibility to solving the housing crisis discussed at ajoint meeting between the Park City Council and Summit County Council on Tuesdaywas the creation of a regional housing authority; a quasi-governmental body formed to coordinate a collaborative, strategic response to housing. "He thinks he can pull them out of it. Specifically, WayRay is known for its AR HUDs for cars. WebGregory J. Goff Former Chief Executive Officer of Andeavor ~40-year track record of success in the energy industry. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. This is a BETA experience. We can look at very comprehensively. Gregory J. Goff serves as Independent Director of the Company. 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. April was a rough month for Tesoro. 1, hes no radical. This is a carousel. The Company offers microwave ovens, grills, fridge, dishwashers, dryers, space heaters, furniture, rugs, garbage disposals, lamps, and home improvement products. 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. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. Goff: The oil and gas industry is excellent at innovation through engineering. Another son graduated in 2005 and currently lives in Texas, Catherine said. The largest trade he's ever made was buying 140 units of Polished.com Inc stock on 9 October 2018 worth over $11,131. As of 9 October 2018 he still owns at least 1,626,374 units of Polished.com Inc stock. Evan Barbosa - Investor Relations Manager. Fast forward to 2021, and hes finally getting the chance to use the full breadth of that experience on the board of Exxon, which operates in all three segments as a vertically integrated oil supermajor. The companys stock is trading at $13 to $14 per share down from the June 2007 high of almost $63. - 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. Goff: When I reflect on all the opportunities and challenges, the list is a mile long. He moved up to president and chief executive in 1995, and became chairman as well the next year. 4. I believe we need to strengthen our competitive position in the world. Marathon eventually buckled and agreed to spin off its Speedway gas station chain. As the story goes, his supervisor intentionally put the upcoming white collar Goff on a bus load of union guys truckers and mechanics. Prior to joining A company should not reflect the view of one person, be it the CEO or a small group of people. He fixed cars, but eventually hired a mechanic while he went back to the university for a Master of Business Administration degree. He proved early on he had the capacity to engage with diverse groups of people. Some see them as villains, others see them as under unfairly under siege because they have a critical role to play. Romasko's appointment coincides with the retirement March 21 of Everett Lewis, Tesoro's executive vice president and chief operating officer. Tesoro said it has hired Greg Goff, a former ConocoPhillips executive, as the companys new president and CEO. Were not talking about simply finding it to be a nice place to call home. This includes management, employees, and its overall profitability. More important is the progress along the way, over the next two- and one-half decades. Eccles: Thanks, thats helpful. Dan's strong leadership capabilities and extensive industry experience will be a great asset to the company, Goff said. To begin with, it is socially and spiritually convenient and rewarding to be literate. Evan Barbosa - IR Manager. Said company is involved in augmented reality. His mother, life-long Park City resident Catherine Polychronis Goff, said his first jobs in Park City set him on the path hes on today. GOP leaders say ballot shortage was targeted at Republicans. In June 2010, Goff "It taught him more about business than he could have imagined. Tesoro Logistics LP (TLLP) Q4 2015 Earnings Conference Call February 2, 2016 12:00 PM ET. By Greg chose the oil industry with ConocoPhillips. Whats more,, Read More The Top Ten Highest Paid University Presidents in the U.S.Continue, Vitaly Ponomarev is the founder of WayRay. 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. - Greg Goff Catalysts The WTI/Brent spread has rebounded as of late, with Brent appreciating $10+ more than WTI since reaching parity on January 9th, raising refining margins. It may have been his confidence in Goss that steered him to believe he knew what he was doing. KAREN BLEIER, Contributor / AFP FILES/AFP via Getty Images, Sunday vigil, expanded manhunt and more on Cleveland shooting, FBI briefly releases photo of wrong Francisco Oropeza, 5 found shot 'execution style' in home in San Jacinto County, Houston nurses sentenced to federal prison over Medicare scheme, Shooting survivors: San Jacinto family only sought small favor, Oxy details its first carbon capture project in West Texas, $3.3M PPP loan scam covers private jets, land man 9-year term, MLB Network's Mark DeRosa hilariously apologizes to Astros, What to know about AR-15-style rifle used in San Jacinto shooting, Astros 'mean girls' apologize to TikTok influencer, Big Oil confronted with 'day of reckoning' on climate change after Exxon board shake-up, Get energy news sent directly to your inbox, Crude outlook murky as OPEC production cuts kick in, Why these Houstonians think its not the worst time to buy a home, EPA could require Houston-area coal plant to cut sulfur emissions, The Ion district has big plans as it enters its second year. Mr. Goff was President and Chief Executive Officer of Andeavor (an integrated downstream energy company) from 2010 to 2018 and Chairman from December 2014 to 2018. Goff, who joined Tesoro as CEO and president May 1, also is a ConocoPhillips veteran. Andeavor Greg Goff Tesoro Tesoro Corporation Western Refining Previous Post Italmatch Chemicals closes financing package to fund new acquisitions, refinance At Suncor, Romasko's job was to focus on operations, with emphasis on improving reliability, safety and environmental performance. 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. George Polychronis still lives in Park City as well. For both groups, there are processes to drive accountability. See here for a complete list of exchanges and delays. Tesoro CEO Goff Meets with Hoeven to Discuss Company's Expansion Plans. We have great people who can flourish in this economic system to do the right things. 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. With over 10 years experience he's covered businesses, CEOs, and investments. 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. Lewis joined Tesoro in 1999. Eccles: Getting into oil and gas, do you see this mix changing over time? Here are some things you are not likely to know about Goss and the experience he brings to the Andeavor endeavor to grow and remain competitive. 3. 1847 Goedeker markets its products in the United States. Fortunately, I spent time in the upstream, downstream, midstream, and commercial parts of the industry. Grapstein said in a statement that Tesoro sought a solutions-oriented CEO with a broad background in refining. His father liked working in sales and, Read More 10 Things You Didnt Know about Ernie Boch Jr.Continue. 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. In his view, what is important is doing the right thing for the company. Template. Goff: Im very optimistic about the transition. We need to continually improve both the input and the output, while eliminating, or significantly eliminating, negative impacts. And what are some of the most important experiences you had in your career? 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 "He did well no matter what he did.". Tesoro will assume the $66 million in debt and contribute about $10 million toward working capital, the company said. 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. Goff: G, to me, is about decision making, Decision making by the leadership of a company and the board of directors. Children no longer want to go out and play or interact with others because they are always glued to their gadgets, Read More Dear Parents: Child Gadget Addiction is Only Getting WorseContinue, Ernie Boch Jr. grew up in Norwood, Massachusetts. Is the Stanley Quencher tumbler worth its TikTok hype? * Lead director to replace Smith as chairman June 4. Every contribution, however large or small, will make a difference. Tesoro's Greg Goff will keep his spot as San Antonio's highest-paid CEO for at least one more year. 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. This site uses Akismet to reduce spam. 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. 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, 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. I do not believe that we have the luxury of driving change without considering and managing the impacts of change. He would later say that Tesoro had been recruiting him for virtually his entire time at Conoco. The former CEO of San Antonio oil company Tesoro is selling his mansion in the Dominion By San Antonio Current Staff Retired oil-industry CEO Greg J. Goff has put Eccles: Finally, and the most controversial, what about the S?. Hes very aware of them, and has met with them. 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. 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. HOUSTON, March 30 (Reuters) - Tesoro Corp. senior vice president Greg Goff to succeed retiring chief executive Bruce Smith. Goff: It is important that there be standard, consistent and transparent reporting of data on air emissions, water, waste, and other areas that impact the environment. In the end, he established a great relationship with his traveling companions and their wives who were also on board. Goff: Thank you for the opportunity to engage with you. Activist investor Engine No. Goff also reported during the call that the company continues to make repairs at its Anacortes, Wash., refinery, where an April 2 explosion killed seven employees. "It's not appropriate to talk at this time." While serving as executive vice chairman of Marathon Petroleum Corp. two years ago, he emerged as a potential replacement for then-CEO Gary Heminger as Elliott Management Corp. and D.E. Each donation will be used exclusively for the development and creation of increased news coverage. But while Goff will address both issues on behalf of Engine No. The retiring Lewis has been responsible for the company's strategic and operational leadership, according to the company's website. She is a native of Port Arthur, a city whose motto once was "We Oil the World.". Just last October the company had a fire at its Salt Lake City plant. Park City resident Greg Goff began a new challenge today; hes now president and CEO of Tesoro Corporation. On average, Gregory trades about 2 units every 0 days since 2011. Everything from its large number of wide open spaces to the picturesque beauty of the mountains and desert areas, they are things he would have a very hard time giving up. Goss spends a significant amount of time staying connected with his University of Utah alma mater, particularly the Business School. In fact, you might be an individual, Read More Company Wants to Store Your Stem Cells to Treat Future DiseasesContinue, Child gadget addiction is something that is becoming worse as the years go by. It isnt the first time Goff, whos in his mid-60s, has been a player in an activist shareholder drama. Eccles: And what is your view of net-zero commitments? the importance of esg in enterprise management, Why Blowing Up Pipelines Will Not Solve The Climate Crisis. 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. Goff: A target is critical, if nothing more than laying a stake in the ground that everyone can work towards. New Exxon directors resume bolsters best boast. In 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. Eccles: Im looking forward to what you have to say. It is easy to form agendas around ESG. (Photo by Sean Gallup/Getty Images). Fuel Fix: Get energy news sent directly to your inbox, Hard work is always the best answer to that question, Sankey said last week. Smith joined Tesoro in 1992 as chief financial officer. After earning a bachelors and masters degree from the University of Utah, he took his first job at Conoco Phillips, entering into a management development program. Goss reflected on the trip, saying those guys drink like fish and mentioned they had to stop once to refill the liquor supply. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Last updated: 4 January 2023 at 3:09pm EST. Oil price. Much less optimistic about ESG without the V for Value. If it were ESGV, it may drive a better focus. Conoco Phillips was his first career stop after graduating from college. WebSAN ANTONIO -- Tesoro Corp. CEO Greg Goff is moving forward with a plan to cut costs at the San Antonio-based refining and marketing company as he works toward presenting Why do you think thats the case? From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the Catherine remembers Greg once saying that working for his uncle at Mount Air was the best preparation for business he could have received. 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. Eccles: Thanks and Im sure youre right. We also need to use natural resources wisely and efficiently while aggressively managing all negative impacts. Goss impact once joining Tesoro was to see its stock price rise by more than 700 percent. "Greg was a super intelligent young man and followed what he wanted to do," Polychronis added. Here's what the data says. 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. Among the recreational things he likes to Get news highlights delivered directly to your e-mail inbox. Yet he knows when to dial down the work environment temperature to spend time with his family and return to the recreational advantages of his home state. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the stock rose 1,032 percent, compared with the 30.5 percent gain in the S&P 500 Energy Index. Tesoro Logistics LP (TLLP) Q2 2015 Earnings Conference Call August 6, 2015 12:00 PM ET. Tesoro has seven U.S. refineries west of the Mississippi River with a combined capacity of 665,000 barrels a day. One of the most popular stops on an Alaskan cruise / Alaska vacation, Hubbard Glacier is a very [+] active calving glacier. WebGoff was hired as the head coach of the Alabama Crimson Tide baseball team on June 17, 2016. Goff heads ConocoPhillips trading operations as senior vice president of commercial, but has extensive experience in refining and other divisions. He also worked for Petro-Canada, which merged with Suncor in 2009. Ernies grandfather was the number one Nash dealer in the country, and Ernie was naturally included in the family business. Learn how your comment data is processed. Among the recreational things he likes to do are fly fishing and mountain bike riding. In a Tuesday morning filing with the U.S. Securities & Exchange How we use all the resources, using the term resources very broadly, and the impact they have on the environment. . Unlike most glaciers, Hubbard is advancing vs. receding. 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. 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. 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. We know Greg Goff, this will all be orderly.. He says he is especially appreciative of being able to do them in Utah because his business career keeps him so busy it is hard to find time to fit them into his schedule.