Said company is involved in augmented reality. 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. Evan Barbosa - Investor Relations Manager. In 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. Goff: Unfortunately, yes, for the reason that I stated earlier. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. 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. Eccles: Im looking forward to what you have to say. It was something he always wanted, she said. Goff: For the world to succeed, they need to operate like the international oil companies (IOCs). He is also Chairman and Chief Executive Officer of Tesoro Logistics LP. Goff: My pleasure Bob, I have given both topics considerable thought, so I am pleased to share my views. 5. At Suncor, Romasko's job was to focus on operations, with emphasis on improving reliability, safety and environmental performance. active calving glacier. He is unquestionably focused primarily on making organizations work better for all stakeholders.. His father liked working in sales and, Read More 10 Things You Didnt Know about Ernie Boch Jr.Continue. Our Standards: The Thomson Reuters Trust Principles. This is a carousel. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. First, continue to eliminate or significantly reduce the CO2 emissions from their business. News Releases - U.S. Senator John Hoeven of North Dakota 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. Copyright 2023 Surperformance. Before digging into that, what are your views on coal and nuclear? Goff: A much more sensitive area. Goff: Im very optimistic about the transition. He was senior vice president at the Houston-based company before joining Tesoro. Eccles: Of course, the elephant in the room is the national oil companies, like Saudi Aramco, Lukoil, Sinopec, and China National Oil Company. 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 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. There are 6 executives at Polished.com Inc getting paid more, with RobertPatterson having the highest compensation of $6,106,630. Prior to joining Also keep in mind that this was a time when the relationship management and unions were strained. 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 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. A Conversation With Greg Goff About The Energy Transition And It became obvious that when Goss joined Tesoro the many challenges presented by the company would not only keep him busy, but happy. 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. Goff: Sure, Bob, happy to chat a bit more and I can guess what you want to talk about! Soon after that move, he invited sell-side analysts to dinner at Keens Steakhouse in midtown Manhattan, Sankey recalled. 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. 10 Things You Didnt Know about Ernie Boch Jr. 20 Things You Didnt Know about Jersey Mikes, 10 Things You Didnt Know About Rite Aid CEO John T. Standley, 10 Things You Didnt Know About World Fuel Services CEO Michael Kasbar, 10 Things You Didnt Know About Exelon CEO Christopher Crane. 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 Goff: Thank you for the opportunity to engage with you. See here for a complete list of exchanges and delays. George Polychronis still lives in Park City as well. Eccles: Oil and gas companies are criticized for paying lip service to climate change while lobbying against government policies, perhaps letting the American Petroleum Council doing the dirty work for them. Greg Goff, left, former Andeavor CEO, and Gary Heminger, current Marathon Petroleum Corp. CEO, plan to leave the Ohio-based refiner. Gregory Goff, who was CEO of San Antonio-based Andeavor when it was bought in 2018 by Marathon Petroleum Corp., is leaving Marathon at the end of this year, the company announced Thursday. Here's what the data says. WebGreg Goff, Marathon Petroleum Corp: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Markets Americas Bloomberg Markets Americas. 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. Tesoro Tesoro has seven U.S. refineries west of the Mississippi River with a combined capacity of 665,000 barrels a day. With several decades of experience in the oil industry, the company in a press release said he is well qualified for the position. But while Goff will address both issues on behalf of Engine No. Previous article in series: The Thin Green Line "He thinks he can pull them out of it. Goff, who joined Tesoro as CEO and president May 1, also is a ConocoPhillips veteran. 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. Eccles: Thanks for your views on trends and energy mix. Get news highlights delivered directly to your e-mail inbox. Garrett by trade is a personal finance freelance writer and journalist. Tesoro Eccles: Greg, thanks for your insights. I do not have the confidence that they government would tax and redeploy the capital in a way that creates value. Mind giving me a recap of this? We can look at very comprehensively. Tesoro, like many independent refiners, had struggled with weakened demand and red ink when the recession dampened demand for its fuels. 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 1, said Wednesday. Among the recreational things he likes to It may have been his confidence in Goss that steered him to believe he knew what he was doing. Serious arab businessman in national white suit on the background of oil rigs. 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. More important is the progress along the way, over the next two- and one-half decades. Eccles: And what is your view of net-zero commitments? I believe we need to strengthen our competitive position in the world. As a highly advanced society, we have a moral obligation to live our lives this way. As the story goes, his supervisor intentionally put the upcoming white collar Goff on a bus load of union guys truckers and mechanics. Goff, 53, will take the helm of the second-largest independent U.S. refiner as president and CEO on May 1, the company said. Before Greg Goff was elected as a dissident director to Exxon Mobil Corp.s board, the oil company called him unqualified. Yet its hard to find many people who would agree with that assessment, least of all the man himself. Tenured Harvard Business School professor, now at Oxford University. What is missing is the focus on value. This approach makes it difficult to engage in S. That may sound like an easy way out. Goff: I believe we will develop solutions that will allow us to use oil and gas with significantly less impact on the environment. The Top Ten Highest Paid University Presidents in the U.S. 10 Things You Didnt Know about Vitaly Ponomarev, Company Wants to Store Your Stem Cells to Treat Future Diseases, Dear Parents: Child Gadget Addiction is Only Getting Worse. Goss impact once joining Tesoro was to see its stock price rise by more than 700 percent. 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. 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. 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.. He likes to work long hours, not endure them. Goff: G, to me, is about decision making, Decision making by the leadership of a company and the board of directors. 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. We have great people who can flourish in this economic system to do the right things. We need to continually improve both the input and the output, while eliminating, or significantly eliminating, negative impacts. With over 10 years experience he's covered businesses, CEOs, and investments. There are 2 older and 14 younger executives at Polished.com Inc. Fortunately, I spent time in the upstream, downstream, midstream, and commercial parts of the industry. 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. In June 2010, Goff 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. Mr. Goff is currently a board director at ExxonMobil but for this interview he is speaking strictly in his personal capacity. 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. Executives. 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. The two or three areas that stand out would be dealing with the expropriation of ConocoPhillips assets in Valenzuela; transforming Andeavor (formerly Tesoro), a refining, marketing, and logistics company into a high-performing company that generated significant value; and living in Europe running the ConocoPhillips Downstream business for Europe and Asia Pacific. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. Goff: Companies have positively intensified their commitment and actions towards driving significant change. Gregory J. Goff - CEO @ Andeavor - Crunchbase Person Profile And what are some of the most important experiences you had in your career? Andeavor Greg Goff Tesoro Tesoro Corporation Western Refining Previous Post Italmatch Chemicals closes financing package to fund new acquisitions, refinance 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. 20 Countries With the Least Amount of Debt, The 10 Most Expensive Skateboards in the World, The 10 Best Ducati Motorcycles of All-Time. 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. Greg Goff - Chairman and Chief Executive Officer He fixed cars, but eventually hired a mechanic while he went back to the university for a Master of Business Administration degree. In his view, what is important is doing the right thing for the company. Mr. Goff was President and Chief Executive Officer of Andeavor (an Goff: When I reflect on all the opportunities and challenges, the list is a mile long. (Photo by Sean Gallup/Getty Images). Tesoro Hires ConocoPhillips Exec. Goff To Be Chief Executive Tesoro Corporation: A Downstream Monster (NYSE He has not left his alma mater behind. One of the most popular stops on an Alaskan cruise / Alaska vacation, Hubbard Glacier is a very [+] active calving glacier. One bus tour does not a career make, but the feedback about Goss people management skills came from the union guys themselves. She also covers small business topics and issues. He was friendly and could relate to the everyday worker, an essential skill when selected to be CEO of a major corporation. In the new job, Romasko, 47, will report directly to Goff and will be responsible for the company's refining, marketing, logistics and marine groups. 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. Greg Goff 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. Goff wasnt immediately available for comment. Eccles: Im afraid youre right but this spurs one last question and I promise it really is the last one. Specifically, WayRay is known for its AR HUDs for cars. Romasko's appointment coincides with the retirement March 21 of Everett Lewis, Tesoro's executive vice president and chief operating officer. Tesoro He also had previously been a banker and a financial analyst for Ford Motor Co. (Reporting by Kristen Hays; Editing by Gary Hill). When joining Tesoro, the stock price of the company was at $10 a share. Fuel Fix: Get energy news sent directly to your inbox, Hard work is always the best answer to that question, Sankey said last week. Tesoro Names new CEO They definitely need to balance the impact of the change on all their key stakeholders. Eccles: And this naturally takes us to the role of governments. Gregory J. Goff | Reenergize Exxon 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. If you typed the URL into your browser, check that you entered it correctly. As of 9 October 2018 he still owns at least 1,626,374 units of Polished.com Inc stock. Goff: An explicit price on carbon is critical to drive change. Ernies grandfather was the number one Nash dealer in the country, and Ernie was naturally included in the family business. Smith, 66, will continue as chairman until the companys annual meeting on June 4, when lead director Steven Grapstein will become non-executive chairman. This site uses Akismet to reduce spam. 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. 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. Goff least the Crimson Tide to a 19341 season before being fired for possibly 9. What are they doing, not doing, and need to do? Portrait, profile, red background. Hutchison retired in 2012 and joined a lobbying firm in 2013 that has represented Tesoro. 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. 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. Before he joined Tesoro, Smith was treasurer and vice president of Valero Energy Corp. Goff: A target is critical, if nothing more than laying a stake in the ground that everyone can work towards. "Greg was a super intelligent young man and followed what he wanted to do," Polychronis added. Gregory's mailing address filed with the SEC is C/O EXXON MOBIL CORPORATION, 5959 LAS COLINAS BOULEVARD, IRVING, TX, 75039-2298. Are You Ready For AI-Driven Radical ESG Transparency? That high is less than what Exxon shares trade for now. Do you think this will still be the case by the time the elections come around? Marathon eventually buckled and agreed to spin off its Speedway gas station chain. Are you optimistic or pessimistic about the energy transition and ESG in America? 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. Goff: No problem. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the "He did well no matter what he did.". Tesoro Also, I met and worked with many fascinating people and especially enjoyed working in many different cultures. Goss reflected on the trip, saying those guys drink like fish and mentioned they had to stop once to refill the liquor supply. Whats your quick take on it? Another son graduated in 2005 and All quotes delayed a minimum of 15 minutes. Goff: We should use coal only when we can completely control the impact on the environment. 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 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. Goff, as reported yesterday in CSP Daily News, formerly served as senior vice president, commercial for ConocoPhillips. WebGreg Goff is Former Vice Chairman at Marathon Petroleum Corp. See Greg Goff's compensation, career history, education, & memberships. 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. "Even when they were young kids Id put them in charge of an area in the store and it was their responsibility.
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