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. GOP leaders say ballot shortage was targeted at Republicans. He thinks he can do it," she said. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. "It taught him more about business than he could have imagined. 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. 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. Grapstein said in a statement that Tesoro sought a solutions-oriented CEO with a broad background in refining. Marathon eventually buckled and agreed to spin off its Speedway gas station chain. 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. 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. Goff had risen through the ranks at ConocoPhillips before taking the top job at independent oil refiner Tesoro Corp. in 2010. Why do you think thats the case? 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. Eccles: One other specific question: Do we need a carbon tax and, if so, can you see this as ever happening? Eccles: And this naturally takes us to the role of governments. When joining Tesoro, the stock price of the company was at $10 a share. Goff: Thank you for the opportunity to engage with you. We tend to be inclusive of newcomers, and while there are, A sprawling mansion adjacent to country legend George Strait's old house in the Dominion was recently listed for $5 million. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. The station belonged to his uncle Bud Gasparac. Eccles: Of course, the elephant in the room is the national oil companies, like Saudi Aramco, Lukoil, Sinopec, and China National Oil Company. Tesoro In 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. Eccles: Thanks and Im sure youre right. 1847 Goedeker Inc. operates as an online consumer goods retailer. Opinions expressed by Forbes Contributors are their own. 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. 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. I believe that companies need to reflect the views of the people who work there and the people who own the company. He is executive Vice Chairman of Marathon Petroleum Corporation, a leading, integrated, downstream energy company, since October 2018. One of his first people skill tests involved a bus ride up to Lake Tahoe, Nevada. 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. 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. 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. WebGregory J. Goff Former Chief Executive Officer of Andeavor ~40-year track record of success in the energy industry. As the Independent Director of Polished.com Inc, the total compensation of Gregory Goff at Polished.com Inc is $242,021. Eccles: Im afraid youre right but this spurs one last question and I promise it really is the last one. We absolutely need to respect and protect our environment. 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. 3. 4. Goff: A much more sensitive area. Tesoro Names new CEO He moved up to president and chief executive in 1995, and became chairman as well the next year. Gregory J. Goff - CEO @ Andeavor - Crunchbase Person Profile We cant find the page you're looking for. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. But while Goff will address both issues on behalf of Engine No. This is a carousel. I believe that there are better organizations to be a repository of this data than the SEC. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. "Greg was a super intelligent young man and followed what he wanted to do," Polychronis added. It is easy to form agendas around ESG. We have great people who can flourish in this economic system to do the right things. 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. San Antonio Current Staff Tesoro will assume the $66 million in debt and contribute about $10 million toward working capital, the company said. Learn how your comment data is processed. Tenured Harvard Business School professor, now at Oxford University. News Releases - U.S. Senator John Hoeven of North Dakota (George) was a noted, good business man and he taught him a lot," she said. He was friendly and could relate to the everyday worker, an essential skill when selected to be CEO of a major corporation. We can look at very comprehensively. As CEO of Andeavor, spearheaded a financial It's Official: Tesoro Announces New Chief Executive Garrett by trade is a personal finance freelance writer and journalist. 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 believes that a CEOs primary responsibility is to take the whole of the company into the equation when making final decisions. 9. George Polychronis still lives in Park City as well. All quotes delayed a minimum of 15 minutes. Andeavor Greg Goff Tesoro Tesoro Corporation Western Refining Previous Post Italmatch Chemicals closes financing package to fund new acquisitions, refinance He proved early on he had the capacity to engage with diverse groups of people. 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. Eccles: What is your sense of urgency on this? Is this a fair criticism or not? Am I right? Activist investor Engine No. 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. Goff: Im very optimistic about the transition. He offers insights and inspiration to students, and serves on a number of boards and committees. Side view. I dont believe a tax is the best approach. Each donation will be used exclusively for the development and creation of increased news coverage. On average, Polished.com Inc executives and independent directors trade stock every 26 days with the average trade being worth of $14,473. Unlike most glaciers, Hubbard is advancing vs. receding. This site uses Akismet to reduce spam. 7. Goss impact once joining Tesoro was to see its stock price rise by more than 700 percent. [+] Portrait, profile, red background. "Even when they were young kids Id put them in charge of an area in the store and it was their responsibility. HOUSTON, March 30 (Reuters) - Tesoro Corp. senior vice president Greg Goff to succeed retiring chief executive Bruce Smith. For both groups, there are processes to drive accountability. Tesoro New Exxon directors resume bolsters best boast. One of the most popular stops on an Alaskan cruise / Alaska vacation, Hubbard Glacier is a very [+] active calving glacier. 5. Last updated: 4 January 2023 at 3:09pm EST. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the Goff: I believe we will develop solutions that will allow us to use oil and gas with significantly less impact on the environment. Eccles: You know theres pressure on investors to divest and exclude while others are arguing for shareholders to engage with these companies. - 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. In a Tuesday morning filing with the U.S. Securities & Exchange Template. Goff: The global demand for energy is so great and growing, that the scale to supply energy is a significant challenge. I do not believe that we have the luxury of driving change without considering and managing the impacts of change. 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. 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. A company should not reflect the view of one person, be it the CEO or a small group of people. Goff: Companies have positively intensified their commitment and actions towards driving significant change. 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. 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. Is the Stanley Quencher tumbler worth its TikTok hype? Eccles: Im looking forward to what you have to say. "He did well no matter what he did.". 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. Eccles: Opinion varies on whether climate change is happening or not and, even if so, how much of that is due to human activity. Among the recreational things he likes to do are fly fishing and mountain bike riding. HOUSTON, March 30 (Reuters) - Tesoro Corp TSO.N on Tuesday named ConocoPhillips COP.N senior vice president Greg Goff to succeed retiring chief Hutchison retired in 2012 and joined a lobbying firm in 2013 that has represented Tesoro. WebGregory J. Every contribution, however large or small, will make a difference. Ernies grandfather was the number one Nash dealer in the country, and Ernie was naturally included in the family business. Eccles: Thanks, thats helpful. Goss spends a significant amount of time staying connected with his University of Utah alma mater, particularly the Business School. Goff will sit on the same board as Exxon Chief Executive Officer Darren Woods, who was head of the companys giant refining division during some of Goffs tenure at Andeavor, making them industry peers for a time. 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. Also, just weeks before Goff jointed the company, a fire and explosion April 2 at Tesoro's refinery in Anacortes, Wash., killed seven employees. Eccles: Thanks for your views on trends and energy mix. Goff: A target is critical, if nothing more than laying a stake in the ground that everyone can work towards. Romasko's appointment coincides with the retirement March 21 of Everett Lewis, Tesoro's executive vice president and chief operating officer. 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. Executives. We know Greg Goff, this will all be orderly.. Whats your quick take on it? It may have been his confidence in Goss that steered him to believe he knew what he was doing. 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. Nuclear offers many advantages and while we need to use nuclear power, we need to continue to focus on managing the risks involved. Its nice to get a practical view of ESGand from a Republican, no less! Goff: The oil and gas industry is excellent at innovation through engineering. 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. 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. Dan's strong leadership capabilities and extensive industry experience will be a great asset to the company, Goff said. What is the most effective way for investors to support the energy transition? 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. 8. Copyright 2023 Surperformance. As with many intelligent people, he requires constant challenges to be at his happiest. The former CEO of San Antonio oil company Tesoro is Hes very aware of them, and has met with them. Tesoro Texas cheerleader who was shot after her teammate mistakenly got into S.A. area's first horror-focused bookstore officially opens, Under-the-radar San Antonio burgers to try right now, New Braunfels golf course Sip N Putt is leaving putt putt in the dust, What to know about the invasive hammerhead flatworms spotted in Texas, Cardi B speaks out on 'mean girls' in viral TikTok at Houston Astros game, Highest-rated restaurants for tacos in San Antonio, according to Yelp, Medical Drive apartment shooting leaves 1 dead; suspect in custody after standoff. Greg Goff - Chairman and Chief Executive Officer Goff made the Harvard Business Reviews 2018 list of the best-performing CEOs in the world. But Goffs mother Catherine Goff said since his days playing Park City High School sports he was always up for a challenge. The idea has circulated in the Park City area in previous years, but hasnt gained much traction. 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. 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 Tesoro Logistics LP (TLLP) Q2 2015 Earnings Conference Call August 6, 2015 12:00 PM ET. 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. Conoco Phillips was his first career stop after graduating from college. 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 Goff least the Crimson Tide to a 19341 season before being fired for possibly 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. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. Goff: For the world to succeed, they need to operate like the international oil companies (IOCs). 6. It became obvious that when Goss joined Tesoro the many challenges presented by the company would not only keep him busy, but happy. Goff, as reported yesterday in CSP Daily News, formerly served as senior vice president, commercial for ConocoPhillips. Eccles: I know youve spent your entire career in the energy industry. Evan Barbosa - IR Manager. Tesoro Goff went on to explain at the time that, uniquely in his view, he had senior management experience in the main areas that define the oil industry: upstream (production), midstream (pipelines) and downstream (refining). This approach makes it difficult to engage in S. That may sound like an easy way out. Our Standards: The Thomson Reuters Trust Principles. He also worked for Petro-Canada, which merged with Suncor in 2009. 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. Creating value with make ESG more meaningful. But the work has to begin now, Penner 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. 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. 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. He has not left his alma mater behind. They may have plenty of time to get to know each other. Asked how he got the chief executive officer job, Goff talked of the long hours he worked in his parents store during his youth, Sankey said. Second, create and develop supplies of energy that are clean. 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. (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. Here's what the data says. One last question: You know I think the politicization of ESG is crazy and a lot of political theater. 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. Goff: My pleasure Bob, I have given both topics considerable thought, so I am pleased to share my views. On average, Gregory trades about 2 units every 0 days since 2011. 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, She is a native of Port Arthur, a city whose motto once was "We Oil the World.". Are you optimistic or pessimistic about the energy transition and ESG in America? It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. (Photo by Sean Gallup/Getty Images). 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What do you think the Western oil and gas majors need to do? He began his career at Chevron USA in 1970, according to a company biography. Arab world, Middle East, oil industry. WebSummary. 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. Gregory J. Goff serves as Independent Director of the Company. 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. The change to Andeavor acknowledges the significant progress weve made in becoming a premier refining, marketing and logistics company, and signals our aspiration to continue creating greater value for our stakeholders, Greg Goff, Tesoros president and CEO, said in a news release. Shaw & Co. pushed to split up the refiner, people familiar with the matter said at the time. If it were ESGV, it may drive a better focus. Before he joined Tesoro, Smith was treasurer and vice president of Valero Energy Corp. A Conversation With Greg Goff About The Energy Transition And Eccles: At the center of the debate about the energy transition is the role of oil and gas. Its ESG! He is definitely the outdoorsy type. With several decades of experience in the oil industry, the company in a press release said he is well qualified for the position. They definitely need to balance the impact of the change on all their key stakeholders. Greg Goff Greg chose the oil industry with ConocoPhillips. Vicki Vaughan writes about refining and publicly traded energy companies based in San Antonio. An acronym and the words behind it which have become highly politicized. Tesoro 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. I believe we need to strengthen our competitive position in the world. 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. Despite the ongoing offers, Goss remained loyal to Conoco, a key personal asset required for rising to any key position in a company. 10. 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. To begin with, it is socially and spiritually convenient and rewarding to be literate. - 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. The refined products will come from Tesoros Anacortes refinery, a 120,000-barrel-a-day facility located north of Seattle, Washington. 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. Tesoro, like many independent refiners, had struggled with weakened demand and red ink when the recession dampened demand for its fuels.
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