Side view. (Photo by Sean Gallup/Getty Images). But the work has to begin now, Penner said. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. Executives. This site uses Akismet to reduce spam. Is this a fair criticism or not? The ranks of Tesoro's executive team were thinned late last spring by the retirement of then-Chairman and CEO Bruce Smith, Chief Financial Officer Greg Wright and William Finnerty, executive vice president of strategy and development. Goff: We should use coal only when we can completely control the impact on the environment. Lets now focus on the oil and gas companies themselves. 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. The Company offers microwave ovens, grills, fridge, dishwashers, dryers, space heaters, furniture, rugs, garbage disposals, lamps, and home improvement products. 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. However, I believe it is a principle-based approach. Smith, 66, will continue as chairman until the companys annual meeting on June 4, when lead director Steven Grapstein will become non-executive chairman. Young Entrepreneur to Watch: Luciano Schipelliti. He would later say that Tesoro had been recruiting him for virtually his entire time at Conoco. I do not believe that we have the luxury of driving change without considering and managing the impacts of change. Creating value with make ESG more meaningful. Greg chose the oil industry with ConocoPhillips. 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. She is a graduate of the University of Texas at Austin. 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. I dont believe a tax is the best approach. (George) was a noted, good business man and he taught him a lot," she said. 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 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. He moved up to president and chief executive in 1995, and became chairman as well the next year. Courtesy photo *** Tesoro Corp. changed their name to Andeavor Corp. on Aug. 1, 2017. Just last October the company had a fire at its Salt Lake City plant. 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. Fuel Fix: Get energy news sent directly to your inbox, Hard work is always the best answer to that question, Sankey said last week. One of the most popular stops on an Alaskan cruise / Alaska vacation, Hubbard Glacier is a very [+] active calving glacier. As CEO of Andeavor, spearheaded a financial WebSummary. Before he joined Tesoro, Smith was treasurer and vice president of Valero Energy Corp. Generator vs power station: Which one is right for you? From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the 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. 5 farmhouses to book for an agritourism getaway, Preorder 'The Legend of Zelda: Tears of the Kingdom' today. Eccles: I know youve spent your entire career in the energy industry. The idea has circulated in the Park City area in previous years, but hasnt gained much traction. 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: Finally, and the most controversial, what about the S?. 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. 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, 1, said Wednesday. Goff: The oil and gas industry is excellent at innovation through engineering. He is executive Vice Chairman of Marathon Petroleum Corporation, a leading, integrated, downstream energy company, since October 2018. WebGoff was hired as the head coach of the Alabama Crimson Tide baseball team on June 17, 2016. Copyright 2023 Surperformance. Here's what the data says. Another son graduated in 2005 and currently lives in Texas, Catherine said. Goff: Im very optimistic about the transition. Eccles: One other specific question: Do we need a carbon tax and, if so, can you see this as ever happening? 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. 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. GOP leaders say ballot shortage was targeted at Republicans. Portrait, profile, red background. ***. Make sure companies are fully transparent in their results and that they have effective governance to drive the change. Tenured Harvard Business School professor, now at Oxford University. Tesoro's Greg Goff will keep his spot as San Antonio's highest-paid CEO for at least one more year. Marathon eventually buckled and agreed to spin off its Speedway gas station chain. Goff, as reported yesterday in CSP Daily News, formerly served as senior vice president, commercial for ConocoPhillips. 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. Executives. 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. 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. This is a carousel. 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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. Eccles: Thanks for your views on trends and energy mix. Heminger departed and Goff retired. 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. Some see them as villains, others see them as under unfairly under siege because they have a critical role to play. In the end, he established a great relationship with his traveling companions and their wives who were also on board. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. 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. It became obvious that when Goss joined Tesoro the many challenges presented by the company would not only keep him busy, but happy. (Photo by KAREN BLEIER / AFP FILES / AFP) (Photo by KAREN BLEIER/AFP FILES/AFP via Getty Images), GREG GOFF is leaving Conoco-Phillips to lead Tesoro. Also, I met and worked with many fascinating people and especially enjoyed working in many different cultures. Also, just weeks before Goff jointed the company, a fire and explosion April 2 at Tesoro's refinery in Anacortes, Wash., killed seven employees. Despite the ongoing offers, Goss remained loyal to Conoco, a key personal asset required for rising to any key position in a company. Goff: Because there is considerable latitude around the three areas of ESG, different groups can tailor an agenda around ESG that meets their self-interests. "Greg was a super intelligent young man and followed what he wanted to do," Polychronis added. Prior to joining Marathon, Mr. Goff served as President and Chief Executive Officer of Andeavor from 2010 to 2018, and as Chairman from December 2014 to 2018, of Andeavor (formerly Tesoro Corporation), a leading company in the independent refining and marketing business. 6. Eccles: Opinion varies on whether climate change is happening or not and, even if so, how much of that is due to human activity. Eccles: I hope you dont mind me asking, but what is your political affiliation and how actively do you support your political convictions? Another son graduated in 2005 and One of his first people skill tests involved a bus ride up to Lake Tahoe, Nevada. the use of artificial intelligence to analyze the risks of investing in a business model and assess [+] the importance of esg in enterprise management. Goff became the president and chief executive officer of Tesoro Corporation in May 2010. He became the chairman and chief executive officer of Tesoro Logistics in April 2011. [5] Goff is on a number of boards. In May of 2021, Goff was elected to the board of ExxonMobil. Before digging into that, what are your views on coal and nuclear? The refined products will come from Tesoros Anacortes refinery, a 120,000-barrel-a-day facility located north of Seattle, Washington. And what are some of the most important experiences you had in your career? The companys stock is trading at $13 to $14 per share down from the June 2007 high of almost $63. Tesoro said it has hired Greg Goff, a former ConocoPhillips executive, as the companys new president and CEO. HOUSTON, March 30 (Reuters) - Tesoro Corp TSO.N on Tuesday named ConocoPhillips COP.N senior vice president Greg Goff to succeed retiring chief SAN 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 a strategic plan, the San Antonio- Express-News reported, citing a conference call Goff had with analysts last week. In search of vegan food, I found a world-class Mendocino inn. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. As a highly advanced society, we have a moral obligation to live our lives this way. 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. 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, coal-fired power station, which is owned by Vatenfall, April 12, 2007 at Jaenschwalde, Germany. 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. - 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. Wawa to Break Ground on First North Carolina C-store, First Allsup's Express Grab & Go Location Opens. You may opt-out by. It was something he always wanted, she said. - 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. While he recognizes the importance of the stakeholders, he also recognizes that stakeholders do not benefit unless the company as a whole is successful. 7. "He thinks he can pull them out of it. Grapstein said in a statement that Tesoro sought a solutions-oriented CEO with a broad background in refining. 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 Evan Barbosa - IR Manager. 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. Gregory J. Goff serves as Independent Director of the Company. Goff: G, to me, is about decision making, Decision making by the leadership of a company and the board of directors. Goff: No problem. 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. 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. Vote daily now through 5/15 for the 2023 Best Of San Antonio. 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. Goff: Yes. April was a rough month for Tesoro. Smith joined Tesoro in 1992 as chief financial officer. [+] Portrait, profile, red background. 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. Over the last 20 years, insiders at Polished.com Inc have traded over $42,262,688 worth of Polished.com Inc stock and bought 854,506 units worth $7,502,939 Goff: A target is critical, if nothing more than laying a stake in the ground that everyone can work towards. Goff: Thank you for the opportunity to engage with you. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. 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. After finishing a degree at the University of Utah, and having worked for Catherines brother George at Mount Air (previously Palace Grocery) since he was 13, he decided to go into business for himself running the station. They may have plenty of time to get to know each other. Conoco Phillips was his first career stop after graduating from college. Shaw & Co. pushed to split up the refiner, people familiar with the matter said at the time. Hes very aware of them, and has met with them. HOUSTON, March 30 (Reuters) - Tesoro Corp. senior vice president Greg Goff to succeed retiring chief executive Bruce Smith. We need to continually improve both the input and the output, while eliminating, or significantly eliminating, negative impacts. Gregory Goff has become its CEO, having a tremendous record of success that precedes him. 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. We have great people who can flourish in this economic system to do the right things. 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 will assume the $66 million in debt and contribute about $10 million toward working capital, the company said. 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. Goff: Sure, Bob, happy to chat a bit more and I can guess what you want to talk about! I believe they will continue to improve the value and impact of fracking. Goff: For the world to succeed, they need to operate like the international oil companies (IOCs). I am a Republican and I actively support areas that are important to my family and me. 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). Eccles: Renewable energy is obviously key to the energy transition, and it comes in many forms. Opinions expressed by Forbes Contributors are their own. 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. 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. Goss impact once joining Tesoro was to see its stock price rise by more than 700 percent. In June 2010, Goff . How Much is the Entire Mortal Kombat Franchise Worth? Its nice to get a practical view of ESGand from a Republican, no less! Its a sign of how investors have been galvanized by climate change, and also how theyve become dissatisfied with the oil companys poor financial performance in recent years. 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. Our economic system is highly competitive, innovative, resilient, and driven by technology. 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. Eccles: And this naturally takes us to the role of governments. We also need to use natural resources wisely and efficiently while aggressively managing all negative impacts. But while Goff will address both issues on behalf of Engine No. active calving glacier. 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. WebGregory J. 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. What are they doing, not doing, and need to do? Greg Goff - Chairman and Chief Executive Officer WebGregs 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. 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. An acronym and the words behind it which have become highly politicized. The oldest executive at Polished.com Inc is RobertAbernathy, 65, who is the Independent Director. Goff made the Harvard Business Reviews 2018 list of the best-performing CEOs in the world. Eccles: Thanks, thats helpful. Tesoro, like many independent refiners, had struggled with weakened demand and red ink when the recession dampened demand for its fuels. 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. Before we dig into these topics, please tell me a bit about your professional career. 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. Park City resident Greg Goff began a new challenge today; hes now president and CEO of Tesoro Corporation. Goff, who joined Tesoro as CEO and president May 1, also is a ConocoPhillips veteran. When joining Tesoro, the stock price of the company was at $10 a share. 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. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. Evan Barbosa - Investor Relations Manager. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. Are You Ready For AI-Driven Radical ESG Transparency? An explosion in Washington State killed seven people the most severe in the nation since 2005. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. Tesoro had been searching for a successor since Smith announced last year that he would retire once a replacement was selected. Join Facebook to connect with Greg Goff and others you may know. Catherine remembers Greg once saying that working for his uncle at Mount Air was the best preparation for business he could have received. Unlike most glaciers, Hubbard is advancing vs. receding. George Polychronis still lives in Park City as well. For both groups, there are processes to drive accountability. 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. 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.
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