You may opt-out by. Eccles: I know youve spent your entire career in the energy industry. "It's not appropriate to talk at this time." Hes very aware of them, and has met with them. 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. All rights reserved. There are 6 executives at Polished.com Inc getting paid more, with RobertPatterson having the highest compensation of $6,106,630. By Do you think this will still be the case by the time the elections come around? Ernies grandfather was the number one Nash dealer in the country, and Ernie was naturally included in the family business. - 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. Eccles: What is your sense of urgency on this? Goff: Yes. On average, Polished.com Inc executives and independent directors trade stock every 26 days with the average trade being worth of $14,473. If it were ESGV, it may drive a better focus. 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. 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. Goff: Thank you for the opportunity to engage with you. 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. Phil Anderson - President. 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. Mr. Goff was President and Chief Executive Officer of Andeavor (an Mind giving me a recap of this? It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. 1847 Goedeker markets its products in the United States. The largest trade he's ever made was buying 140 units of Polished.com Inc stock on 9 October 2018 worth over $11,131. Lewis joined Tesoro in 1999. For both groups, there are processes to drive accountability. Like what needs to get done in the next five to 10 years and what issues will take a longer period of time? New Exxon directors resume bolsters best boast. Goff: Unfortunately, yes, for the reason that I stated earlier. More important is the progress along the way, over the next two- and one-half decades. This includes management, employees, and its overall profitability. 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. Joining me are Greg Goff, Chairman and CEO; Phil Anderson, President; and Steven Sterin, CFO. Tesoro CEO Goff Meets with Hoeven to Discuss Company's Expansion Plans. 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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. Arab world, Middle East, oil industry. Unlike most glaciers, Hubbard is advancing vs. receding. And they often had to choose between recreation and their job," he said. He is also Chairman and Chief Executive Officer of Tesoro Logistics LP. Activist investor Engine No. Romasko's appointment coincides with the retirement March 21 of Everett Lewis, Tesoro's executive vice president and chief operating 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. Mr. Goff is currently a board director at ExxonMobil but for this interview he is speaking strictly in his personal capacity. Oil price. He is definitely the outdoorsy type. (George) was a noted, good business man and he taught him a lot," she said. Unlike most glaciers, Hubbard is advancing vs. receding. 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. 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. 20 Countries With the Least Amount of Debt, The 10 Most Expensive Skateboards in the World, The 10 Best Ducati Motorcycles of All-Time. WebGregory J. 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.. Tesoro Hires ConocoPhillips Exec. Goff To Be Chief Executive Whats more,, Read More The Top Ten Highest Paid University Presidents in the U.S.Continue, Vitaly Ponomarev is the founder of WayRay. Garrett by trade is a personal finance freelance writer and journalist. the use of artificial intelligence to analyze the risks of investing in a business model and assess [+] the importance of esg in enterprise management. Shaw & Co. pushed to split up the refiner, people familiar with the matter said at the time. Tesoro had been searching for a successor since Smith announced last year that he would retire once a replacement was selected. At Suncor, Romasko's job was to focus on operations, with emphasis on improving reliability, safety and environmental performance. 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. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. Goff heads ConocoPhillips trading operations as senior vice president of commercial, but has extensive experience in refining and other divisions. UPDATE 1-Tesoro names ConocoPhillips' Greg Goff CEO | Reuters He would later say that Tesoro had been recruiting him for virtually his entire time at Conoco. Some see them as villains, others see them as under unfairly under siege because they have a critical role to play. Goff: For the world to succeed, they need to operate like the international oil companies (IOCs). Gregory J. Goff | Reenergize Exxon 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. If youre got just a bit more time. 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. Goff: The oil and gas industry is excellent at innovation through engineering. 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. Tesoro, like many independent refiners, had struggled with weakened demand and red ink when the recession dampened demand for its fuels. Goff: The environment. Greg Goff Wiki, Bio, Age, Wife, Net Worth ItsBiography Tesoro 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. 4. A company should not reflect the view of one person, be it the CEO or a small group of people. 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. In June 2010, Goff While he recognizes the importance of the stakeholders, he also recognizes that stakeholders do not benefit unless the company as a whole is successful. 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. It isnt the first time Goff, whos in his mid-60s, has been a player in an activist shareholder drama. This is a carousel. 1, hes no radical. There are 2 older and 14 younger executives at Polished.com Inc. 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. I believe they will continue to improve the value and impact of fracking. Just last October the company had a fire at its Salt Lake City plant. The most active insiders traders include Stephen D Newlin, Houman Akhavan, and Richard H Fearon. 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, who joined Tesoro as CEO and president May 1, also is a ConocoPhillips veteran. Tesoro (Greg) Goff joined Tesoro as President and Chief Executive Officer in 2010. One last question: You know I think the politicization of ESG is crazy and a lot of political theater. 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. 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. Hutchison retired in 2012 and joined a lobbying firm in 2013 that has represented Tesoro. 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. Gregory James Goff - Biography - MarketScreener.com Here's what the data says. 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. 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. Greg Goff, Marathon Petroleum Corp: Profile and Biography In 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. In addition to having a sense of urgency, it is important there is very well-developed framework to drive change as we decarbonize. Our Standards: The Thomson Reuters Trust Principles. Eccles: Related to this, is the Paris Agreement 1.5C target useful from a public policy point of view? Goff: No problem. Tesoro Logistics LP (TLLP) Q2 2015 Earnings Conference Call August 6, 2015 12:00 PM ET. Eccles: Greg, thanks for your insights. Are You Ready For AI-Driven Radical ESG Transparency? Germany is planning the construction of 40 new coal-fired power plants, though officials claim the plants are based on technology that radically increases their efficiency. ***. Goff: When I reflect on all the opportunities and challenges, the list is a mile long. As CEO of Andeavor, spearheaded a financial Were not talking about simply finding it to be a nice place to call home. Gregory Goff has become its CEO, having a tremendous record of success that precedes him. Goss spends a significant amount of time staying connected with his University of Utah alma mater, particularly the Business School. Goss reflected on the trip, saying those guys drink like fish and mentioned they had to stop once to refill the liquor supply. As of 9 October 2018 he still owns at least 1,626,374 units of Polished.com Inc stock. Goff: Two things. 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. 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. 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. The former CEO of San Antonio oil company Tesoro is 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 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. Andeavor Greg Goff Tesoro Tesoro Corporation Western Refining Previous Post Italmatch Chemicals closes financing package to fund new acquisitions, refinance Tesoro will assume the $66 million in debt and contribute about $10 million toward working capital, the company said. What is the most effective way for investors to support the energy transition? Are you optimistic or pessimistic about the energy transition and ESG in America? Eccles: Opinion is all over the map on the SECs climate change reporting proposal. Is the Stanley Quencher tumbler worth its TikTok hype? One of the most popular stops on an Alaskan cruise / Alaska vacation, Hubbard Glacier is a very [+] active calving glacier. 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. Readers around Park City and Summit County make the Park Record's work possible. 6. Copyright 2023 Surperformance. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. 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. Among the recreational things he likes to Eccles: Thanks for your views on trends and energy mix. News Releases - U.S. Senator John Hoeven of North Dakota 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. Before he joined Tesoro, Smith was treasurer and vice president of Valero Energy Corp. WebGoff was hired as the head coach of the Alabama Crimson Tide baseball team on June 17, 2016. He has not left his alma mater behind. 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. 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. the importance of esg in enterprise management, Why Blowing Up Pipelines Will Not Solve The Climate Crisis. I dont believe a tax is the best approach. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the 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. 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. 10. 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. Goss impact once joining Tesoro was to see its stock price rise by more than 700 percent. Yet he knows when to dial down the work environment temperature to spend time with his family and return to the recreational advantages of his home state. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the stock rose 1,032 percent, compared with the 30.5 percent gain in the S&P 500 Energy Index. Second, create and develop supplies of energy that are clean. 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. 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). Another son graduated in 2005 and currently lives in Texas, Catherine said. Despite the ongoing offers, Goss remained loyal to Conoco, a key personal asset required for rising to any key position in a company. I believe we need to strengthen our competitive position in the world. The refined products will come from Tesoros Anacortes refinery, a 120,000-barrel-a-day facility located north of Seattle, Washington. Arab world, Middle East, oil industry. Gregory's mailing address filed with the SEC is C/O EXXON MOBIL CORPORATION, 5959 LAS COLINAS BOULEVARD, IRVING, TX, 75039-2298. 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. All quotes delayed a minimum of 15 minutes. WebSummary. Evan Barbosa - Investor Relations Manager. He joined Tesoro from Ultramar Diamond Shamrock Corp., where he was vice president of corporate planning and investor relations. Tesoro Logistics' (TLLP) CEO Greg Goff on Q2 2015 Results 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 lands a new executive - mysanantonio.com Whats your quick take on it? Dan Romasko will join Tesoro from Suncor Energy Inc. of Canada, where he most recently was vice president of operations integrity and vice president of technical operations and competence. We can look at very comprehensively. Eccles: Opinion varies on whether climate change is happening or not and, even if so, how much of that is due to human activity. Marathon eventually buckled and agreed to spin off its Speedway gas station chain. 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 Tesoro Names new CEO If you typed the URL into your browser, check that you entered it correctly. The bonus is to be paid six months after the retention period ended, SEC documents show. She is a native of Port Arthur, a city whose motto once was "We Oil the World.". Prior to joining 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 Join Facebook to connect with Greg Goff and others you may know. 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. 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. 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. Like other refiners, Tesoro has struggled with paltry margins and sluggish demand for gasoline an diesel fuel, and reported a $140 million loss in 2009. A Chronicle investigation reveals the extent of the ballot paper shortage in Harris County's November election, including how the shortages could impact the future of Texas' election laws. Goff: My view is that this is the biggest challenge of my lifetime. His father Calvin had a successful career with General Electric. Tesoro Wawa to Break Ground on First North Carolina C-store, First Allsup's Express Grab & Go Location Opens. Ive learned a lot. Tesoro Logistics LP (TLLP) Q4 2015 Earnings Conference Call February 2, 2016 12:00 PM ET. Tesoro Announces New Chief Executive Officer | Business Wire 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. With several decades of experience in the oil industry, the company in a press release said he is well qualified for the position. He thinks he can do it," she said. Eccles: And this naturally takes us to the role of governments. He believes that a CEOs primary responsibility is to take the whole of the company into the equation when making final decisions. Mr. Goff owns over 140 units of Polished.com Inc stock The oldest executive at Polished.com Inc is RobertAbernathy, 65, who is the Independent Director. Also, I met and worked with many fascinating people and especially enjoyed working in many different cultures. 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. Template. In a Tuesday morning filing with the U.S. Securities & Exchange Conoco Phillips was his first career stop after graduating from college. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. . As the story goes, his supervisor intentionally put the upcoming white collar Goff on a bus load of union guys truckers and mechanics. George Polychronis still lives in Park City as well. Much less optimistic about ESG without the V for Value. Vicki Vaughan writes about refining and publicly traded energy companies based in San Antonio. They may have plenty of time to get to know each other. We need to continually improve both the input and the output, while eliminating, or significantly eliminating, negative impacts. 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. Tesoro was the next step in Goss career due to a bit of espionage. Your financial contribution supports our efforts to deliver quality, locally relevant journalism. This is a BETA experience. Before we dig into these topics, please tell me a bit about your professional career. It only took a few weeks for his bosses to realize he would need to be fast tracked to maximize his considerable talent. Greg chose the oil industry with ConocoPhillips. 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. 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. The union guys had told his boss they think he was going to do alright as a manager. Young Entrepreneur to Watch: Luciano Schipelliti. Is this a fair criticism or not? on Fri, Dec 3, 2021 at 11:42 am, What better time than now to hop in the car and travel to one of Texas' many state parks to enjoy the, A geodesic dome homenear Leon Springs is on the market for $750,000, following a recent $24,000 price reduction, according to its listing., A nearly 25-acre cliffside property on the North Fork Guadalupe River has hit the market for close to $2.7 million, according to, San Antonio's annual citywide party, Fiesta, is generally an easygoing affair. 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. Among the recreational things he likes to do are fly fishing and mountain bike riding. 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. In the end, he established a great relationship with his traveling companions and their wives who were also on board. Eccles: And what is your view of net-zero commitments? It is always enjoyable to have a healthy discussion around such important issues. Tesoro Tenured Harvard Business School professor, now at Oxford University. 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. WebGreg Goff, Marathon Petroleum Corp: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Markets Americas Bloomberg Markets Americas. Goff, 53, will take the helm of the second-largest independent U.S. refiner as president and CEO on May 1, the company said. How we use all the resources, using the term resources very broadly, and the impact they have on the environment. Goff: We should use coal only when we can completely control the impact on 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. Grapstein said in a statement that Tesoro sought a solutions-oriented CEO with a broad background in refining. Heminger departed and Goff retired. The companys stock is trading at $13 to $14 per share down from the June 2007 high of almost $63.
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