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. Another son graduated in 2005 and currently lives in Texas, Catherine said. (Greg) Goff joined Tesoro as President and Chief Executive Officer in 2010. 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.. 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. 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. Fortunately, I spent time in the upstream, downstream, midstream, and commercial parts of the industry. (Photo by Sean Gallup/Getty Images). He has not left his alma mater behind. 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. As a highly advanced society, we have a moral obligation to live our lives this way. Serious arab businessman in national white suit on the background of oil rigs. 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. Eccles: You know theres pressure on investors to divest and exclude while others are arguing for shareholders to engage with these companies. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. Mind giving me a recap of this? New Exxon directors resume bolsters best boast. "It taught him more about business than he could have imagined. 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. Is this a fair criticism or not? Oil price. 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. 3. Ive learned a lot. 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. 10. What are they doing, not doing, and need to do? What is the most effective way for investors to support the energy transition? I believe that there are better organizations to be a repository of this data than the SEC. 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 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. She is a native of Port Arthur, a city whose motto once was "We Oil the World.". 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. In 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. Eccles: Opinion varies on whether climate change is happening or not and, even if so, how much of that is due to human activity. I believe they will continue to improve the value and impact of fracking. 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. He was senior vice president at the Houston-based company before joining Tesoro. Goff became the president and chief executive officer of Tesoro Corporation in May 2010. He became the chairman and chief executive officer of Tesoro Logistics in April 2011. [5] Goff is on a number of boards. In May of 2021, Goff was elected to the board of ExxonMobil. San Antonio-based refiner Tesoro Corp. said Wednesday that it has hired an industry veteran to serve in the newly created position of executive vice president of operations, effective March 21. After 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. Whats more,, Read More The Top Ten Highest Paid University Presidents in the U.S.Continue, Vitaly Ponomarev is the founder of WayRay. 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. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. 7. Goff: My view is that this is the biggest challenge of my lifetime. Specifically, WayRay is known for its AR HUDs for cars. "Greg was a super intelligent young man and followed what he wanted to do," Polychronis added. Goff: Sure, Bob, happy to chat a bit more and I can guess what you want to talk about! Goff: No problem. Eccles: I know youve spent your entire career in the energy industry. Executives. WebGregory J. Andeavor Greg Goff Tesoro Tesoro Corporation Western Refining Previous Post Italmatch Chemicals closes financing package to fund new acquisitions, refinance As CEO of Andeavor, spearheaded a financial Catherine remembers Greg once saying that working for his uncle at Mount Air was the best preparation for business he could have received. Mr. Goff is currently a board director at ExxonMobil but for this interview he is speaking strictly in his personal capacity. - 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. 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. Courtesy photo *** Tesoro Corp. changed their name to Andeavor Corp. on Aug. 1, 2017. She is a graduate of the University of Texas at Austin. This is a carousel. He would later say that Tesoro had been recruiting him for virtually his entire time at Conoco. 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. We need to continually improve both the input and the output, while eliminating, or significantly eliminating, negative impacts. 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. Tesoro, like many independent refiners, had struggled with weakened demand and red ink when the recession dampened demand for its fuels. After he was done with an MBA, Greg looked to work for a major company himself. Goss spends a significant amount of time staying connected with his University of Utah alma mater, particularly the Business School. But Goffs mother Catherine Goff said since his days playing Park City High School sports he was always up for a challenge. And they often had to choose between recreation and their job," he said. 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. 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: Two things. He joined Tesoro from Ultramar Diamond Shamrock Corp., where he was vice president of corporate planning and investor relations. If youre got just a bit more time. He offers insights and inspiration to students, and serves on a number of boards and committees. But I think your view is that climate change is a real phenomenon and humans have responsibility in both creating it and dealing with it. Tesoro 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. It is always enjoyable to have a healthy discussion around such important issues. 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. (George) was a noted, good business man and he taught him a lot," she said. 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. 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. 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. Last updated: 4 January 2023 at 3:09pm EST. Vote daily now through 5/15 for the 2023 Best Of San Antonio. While he recognizes the importance of the stakeholders, he also recognizes that stakeholders do not benefit unless the company as a whole is successful. WebSummary. 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 When asked about the company's retail operations and whether they would be expanded or would shrink, the chief executive said he would talk more about its convenience store and retail operations later in the year. 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. In addition to having a sense of urgency, it is important there is very well-developed framework to drive change as we decarbonize. 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. Previous article in series: The Thin Green Line "We are doing our own investigation, and when the time is right, we'll be able to talk about what happened there," Goff said. 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. 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. * Lead director to replace Smith as chairman June 4. 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: Unfortunately, yes, for the reason that I stated earlier. Template. He was friendly and could relate to the everyday worker, an essential skill when selected to be CEO of a major corporation. On average, Gregory trades about 2 units every 0 days since 2011. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the Goffs first foray in the oil industry came in his early twenties when he leased the American Oil Station at Kimball Junction in the late 1970s. HOUSTON, March 30 (Reuters) - Tesoro Corp. senior vice president Greg Goff to succeed retiring chief executive Bruce Smith. "It's not appropriate to talk at this time." 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. Our Standards: The Thomson Reuters Trust Principles. 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. 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. Park City resident Greg Goff began a new challenge today; hes now president and CEO of Tesoro Corporation. A former manager at Conoco Phillips said that when he learned of Goss move to Tesoro he wondered about the wisdom of the decision, since he was ready to dump all of the Tesoro stock he owned. 9. It was something he always wanted, she said. Goff: Thank you for the opportunity to engage with you. Eccles: And this naturally takes us to the role of governments. I believe we need to strengthen our competitive position in the world. Eccles: Getting into oil and gas, do you see this mix changing over time? 1847 Goedeker Inc. operates as an online consumer goods retailer. It only took a few weeks for his bosses to realize he would need to be fast tracked to maximize his considerable talent. Among the recreational things he likes to 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. Tesoro has seven U.S. refineries west of the Mississippi River with a combined capacity of 665,000 barrels a day. Goff least the Crimson Tide to a 19341 season before being fired for possibly He also had previously been a banker and a financial analyst for Ford Motor Co. (Reporting by Kristen Hays; Editing by Gary Hill). More important is the progress along the way, over the next two- and one-half decades. Smith joined Tesoro in 1992 as chief financial officer. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the In search of vegan food, I found a world-class Mendocino inn. Goss reflected on the trip, saying those guys drink like fish and mentioned they had to stop once to refill the liquor supply. George Polychronis still lives in Park City as well. 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How we use all the resources, using the term resources very broadly, and the impact they have on the environment. Goff heads ConocoPhillips trading operations as senior vice president of commercial, but has extensive experience in refining and other divisions. Each donation will be used exclusively for the development and creation of increased news coverage. For Goss, giving back is a part of being successful. In a Tuesday morning filing with the U.S. Securities & Exchange 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). "He did well no matter what he did.". I believe that companies need to reflect the views of the people who work there and the people who own the company. Heminger departed and Goff retired. 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. Another son graduated in 2005 and An explosion in Washington State killed seven people the most severe in the nation since 2005. We also need to use natural resources wisely and efficiently while aggressively managing all negative impacts. Before we dig into these topics, please tell me a bit about your professional career. Gregory Goff has become its CEO, having a tremendous record of success that precedes him. Eccles: Greg, thanks for your insights. 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