They definitely need to balance the impact of the change on all their key stakeholders. As with many intelligent people, he requires constant challenges to be at his happiest. Eccles: Thanks for your views on trends and energy mix. Our Standards: The Thomson Reuters Trust Principles. Is the Stanley Quencher tumbler worth its TikTok hype? New Honda Accord debuts for 2023 with more-powerful hybrid system, Skyscraper to be 'tallest tower in Texas' gets cut in half, By Vicki Vaughanvvaughan@express-news.net, Boozy Hill Country golf course tees off in New Braunfels, What to know about the invasive hammerhead flatworms in Texas, Cardi B speaks out on viral 'mean girls' TikTok at Astros game, Highest-rated restaurants for tacos in San Antonio, according to, 1 found dead inside Northwest side apartment; suspect in custody. Also keep in mind that this was a time when the relationship management and unions were strained. He thinks he can do it," 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. New Exxon directors resume bolsters best boast. Goff: G, to me, is about decision making, Decision making by the leadership of a company and the board of directors. 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. 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. 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. In June 2010, Goff 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. Courtesy photo *** Tesoro Corp. changed their name to Andeavor Corp. on Aug. 1, 2017. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. Goff: The oil and gas industry is excellent at innovation through engineering. But while Goff will address both issues on behalf of Engine No. 4. The station belonged to his uncle Bud Gasparac. Goff: We should use coal only when we can completely control the impact on the environment. Whats your quick take on it? There are 2 older and 14 younger executives at Polished.com Inc. Tesoro Logistics LP (TLLP) Q2 2015 Earnings Conference Call August 6, 2015 12:00 PM ET. Join Facebook to connect with Greg Goff and others you may know. 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. 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. 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. Prior to joining Make sure companies are fully transparent in their results and that they have effective governance to drive the change. This includes management, employees, and its overall profitability. Smith, 66, will continue as chairman until the companys annual meeting on June 4, when lead director Steven Grapstein will become non-executive chairman. Some see them as villains, others see them as under unfairly under siege because they have a critical role to play. Gregory J. Goff serves as Independent Director of the Company. 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. Goff: My view is that this is the biggest challenge of my lifetime. 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. See here for a complete list of exchanges and delays. 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, 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. 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. Are you optimistic or pessimistic about the energy transition and ESG in America? Most recently he bought 140 units of POL stock worth $11,131 on 9 October 2018. April was a rough month for Tesoro. Your financial contribution supports our efforts to deliver quality, locally relevant journalism. 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. 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). Smith joined Tesoro in 1992 as chief financial officer. The most recent stock trade was executed by J Scott Horn on 3 July 2020, trading 10,000 units of POL stock currently worth $4,600. But the work has to begin now, Penner said. It is always enjoyable to have a healthy discussion around such important issues. 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 We cant find the page you're looking for. 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: My pleasure Bob, I have given both topics considerable thought, so I am pleased to share my views. Opinions expressed by Forbes Contributors are their own. He is also Chairman and Chief Executive Officer of Tesoro Logistics LP. Romasko's appointment coincides with the retirement March 21 of Everett Lewis, Tesoro's executive vice president and chief operating officer. 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. The oldest executive at Polished.com Inc is RobertAbernathy, 65, who is the Independent Director. Soon after that move, he invited sell-side analysts to dinner at Keens Steakhouse in midtown Manhattan, Sankey recalled. Tesoro was the next step in Goss career due to a bit of espionage. (Photo by Sean Gallup/Getty Images). You may opt-out by. 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. 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. Creating value with make ESG more meaningful. 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 Hutchison retired in 2012 and joined a lobbying firm in 2013 that has represented Tesoro. Goff: An explicit price on carbon is critical to drive change. More important is the progress along the way, over the next two- and one-half decades. On average, Gregory trades about 2 units every 0 days since 2011. 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. 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 refined products will come from Tesoros Anacortes refinery, a 120,000-barrel-a-day facility located north of Seattle, Washington. The companys stock is trading at $13 to $14 per share down from the June 2007 high of almost $63. 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. Eccles: One other specific question: Do we need a carbon tax and, if so, can you see this as ever happening? In his view, what is important is doing the right thing for the company. Its nice to get a practical view of ESGand from a Republican, no less! Shaw & Co. pushed to split up the refiner, people familiar with the matter said at the time. 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. As the Independent Director of Polished.com Inc, the total compensation of Gregory Goff at Polished.com Inc is $242,021. "He thinks he can pull them out of it. George Polychronis still lives in Park City as well. Goff: Im very optimistic about the transition. Said company is involved in augmented reality. 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. First, continue to eliminate or significantly reduce the CO2 emissions from their business. As the story goes, his supervisor intentionally put the upcoming white collar Goff on a bus load of union guys truckers and mechanics. Previous article in series: The Thin Green Line However, their key stakeholder is different in most of these companiesits their governmentso they need to access the technology and collaborate with the IOCs to deliver similar solutions to their business. 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. Eccles: Getting into oil and gas, do you see this mix changing over time? An explosion in Washington State killed seven people the most severe in the nation since 2005. Young Entrepreneur to Watch: Luciano Schipelliti. 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. "It taught him more about business than he could have imagined. Goff: Companies have positively intensified their commitment and actions towards driving significant change. 1, said Wednesday. 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 largest trade he's ever made was buying 140 units of Polished.com Inc stock on 9 October 2018 worth over $11,131. 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. Eccles: Opinion varies on whether climate change is happening or not and, even if so, how much of that is due to human activity. If youre got just a bit more time. At Suncor, Romasko's job was to focus on operations, with emphasis on improving reliability, safety and environmental performance. In a Tuesday morning filing with the U.S. Securities & Exchange The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. Hes very aware of them, and has met with them. 8. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. active calving glacier. She is a graduate of the University of Texas at Austin. 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. If it were ESGV, it may drive a better focus. Goff, who joined Tesoro as CEO and president May 1, also is a ConocoPhillips veteran. 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. (Photo by Sean Gallup/Getty Images). Goff had risen through the ranks at ConocoPhillips before taking the top job at independent oil refiner Tesoro Corp. in 2010. He also worked for Petro-Canada, which merged with Suncor in 2009. 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. One of his first people skill tests involved a bus ride up to Lake Tahoe, Nevada. Andeavor Greg Goff Tesoro Tesoro Corporation Western Refining Previous Post Italmatch Chemicals closes financing package to fund new acquisitions, refinance Tesoro has seven U.S. refineries west of the Mississippi River with a combined capacity of 665,000 barrels a day. Copyright 2023 Surperformance. Generator vs power station: Which one is right for you? Ive learned a lot. Arab world, Middle East, oil industry. One bus tour does not a career make, but the feedback about Goss people management skills came from the union guys themselves. I do not have the confidence that they government would tax and redeploy the capital in a way that creates value. WebGoff was hired as the head coach of the Alabama Crimson Tide baseball team on June 17, 2016. (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. He joined Tesoro from Ultramar Diamond Shamrock Corp., where he was vice president of corporate planning and investor relations. 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). But Goffs mother Catherine Goff said since his days playing Park City High School sports he was always up for a challenge. Heminger departed and Goff retired. An acronym and the words behind it which have become highly politicized. Eccles: I know youve spent your entire career in the energy industry. It became obvious that when Goss joined Tesoro the many challenges presented by the company would not only keep him busy, but happy. Another son graduated in 2005 and Goff: Yes. Tesoro said it has hired Greg Goff, a former ConocoPhillips executive, as the companys new president and CEO. I believe they will continue to improve the value and impact of fracking. 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. (Greg) Goff joined Tesoro as President and Chief Executive Officer in 2010. 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. Park City resident Greg Goff began a new challenge today; hes now president and CEO of Tesoro Corporation. Gregory Goff is 63, he's been the Independent Director of Polished.com Inc since 2011. Goff: Two things. How we use all the resources, using the term resources very broadly, and the impact they have on the environment. 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. * Lead director to replace Smith as chairman June 4. Second, create and develop supplies of energy that are clean. What do you think the key issues are in terms of type, cost, and availability? 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. Tesoro CEO and President Gregory Goff earned total pay of more than $23 million in 2015, according to a recent regulatory filing with the Securities and Exchange Commission. Our economic system is highly competitive, innovative, resilient, and driven by technology. We know Greg Goff, this will all be orderly.. 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 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. Fuel Fix: Get energy news sent directly to your inbox, Hard work is always the best answer to that question, Sankey said last week. 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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. 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. With several decades of experience in the oil industry, the company in a press release said he is well qualified for the position. Goff wasnt immediately available for comment. 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. Oil price. She also covers small business topics and issues. While he recognizes the importance of the stakeholders, he also recognizes that stakeholders do not benefit unless the company as a whole is successful. Evan Barbosa - Investor Relations Manager. 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 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. 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. In search of vegan food, I found a world-class Mendocino inn. Wawa to Break Ground on First North Carolina C-store, First Allsup's Express Grab & Go Location Opens. Executives. In 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. 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. One last question: You know I think the politicization of ESG is crazy and a lot of political theater. To begin with, it is socially and spiritually convenient and rewarding to be literate. See if you qualify for a free subscription to our industry leading paper magazine. 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. Goss impact once joining Tesoro was to see its stock price rise by more than 700 percent. Tesoro will assume the $66 million in debt and contribute about $10 million toward working capital, the company said. After he was done with an MBA, Greg looked to work for a major company himself. 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. On average, Polished.com Inc executives and independent directors trade stock every 26 days with the average trade being worth of $14,473. Among the recreational things he likes to do are fly fishing and mountain bike riding. Unlike most glaciers, Hubbard is advancing vs. receding. 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 We absolutely need to respect and protect our environment. GOP leaders say ballot shortage was targeted at Republicans. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. Also, just weeks before Goff jointed the company, a fire and explosion April 2 at Tesoro's refinery in Anacortes, Wash., killed seven employees. Polished.com Inc executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Conoco Phillips was his first career stop after graduating from college. Why do you think thats the case? "Even when they were young kids Id put them in charge of an area in the store and it was their responsibility. When joining Tesoro, the stock price of the company was at $10 a share. 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. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. For Goss, giving back is a part of being successful. 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. The Company offers microwave ovens, grills, fridge, dishwashers, dryers, space heaters, furniture, rugs, garbage disposals, lamps, and home improvement products. Tenured Harvard Business School professor, now at Oxford University. Readers around Park City and Summit County make the Park Record's work possible. Eccles: Opinion is all over the map on the SECs climate change reporting proposal. Despite the ongoing offers, Goss remained loyal to Conoco, a key personal asset required for rising to any key position in a company. Eccles: Finally, and the most controversial, what about the S?. Grapstein said in a statement that Tesoro sought a solutions-oriented CEO with a broad background in refining. 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. 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. They may have plenty of time to get to know each other. Eccles: Renewable energy is obviously key to the energy transition, and it comes in many forms. "He did well no matter what he did.". Each donation will be used exclusively for the development and creation of increased news coverage. 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. This is a BETA experience. Joining me are Greg Goff, Chairman and CEO; Phil Anderson, President; and Steven Sterin, CFO. 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. 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. Fortunately, I spent time in the upstream, downstream, midstream, and commercial parts of the industry. "Greg was a super intelligent young man and followed what he wanted to do," Polychronis added. 7. What are they doing, not doing, and need to do? Nuclear offers many advantages and while we need to use nuclear power, we need to continue to focus on managing the risks involved. 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. 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. If you typed the URL into your browser, check that you entered it correctly. the use of artificial intelligence to analyze the risks of investing in a business model and assess [+] the importance of esg in enterprise management. 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. 6.
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