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[+] Portrait, profile, red background. Goff, as reported yesterday in CSP Daily News, formerly served as senior vice president, commercial for ConocoPhillips. New Exxon directors resume bolsters best boast. 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. On average, Polished.com Inc executives and independent directors trade stock every 26 days with the average trade being worth of $14,473. Smith, 66, will continue as chairman until the companys annual meeting on June 4, when lead director Steven Grapstein will become non-executive chairman. We have great people who can flourish in this economic system to do the right things. 4. Gregory Goff has become its CEO, having a tremendous record of success that precedes him. 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. But Goffs mother Catherine Goff said since his days playing Park City High School sports he was always up for a challenge. What do they need to do? 8. His father Calvin had a successful career with General Electric. What is the most effective way for investors to support the energy transition? 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 We cant find the page you're looking for. 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. ***. 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. WebGoff was hired as the head coach of the Alabama Crimson Tide baseball team on June 17, 2016. Previous article in series: The Thin Green Line 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. Eccles: Getting into oil and gas, do you see this mix changing over time? Opinions expressed by Forbes Contributors are their own. 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. Greg Goff - Chairman and Chief Executive Officer 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. Conoco Phillips was his first career stop after graduating from college. 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. 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. Grapstein said in a statement that Tesoro sought a solutions-oriented CEO with a broad background in refining. 5. Eccles: Im afraid youre right but this spurs one last question and I promise it really is the last one. In a Tuesday morning filing with the U.S. Securities & Exchange Tesoro Logistics LP (TLLP) Q4 2015 Earnings Conference Call February 2, 2016 12:00 PM ET. San Antonio Current Staff And what are some of the most important experiences you had in your career? He moved up to president and chief executive in 1995, and became chairman as well the next year. 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. 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. * Lead director to replace Smith as chairman June 4. Goff: We should use coal only when we can completely control the impact on the environment. This site uses Akismet to reduce spam. 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 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. 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. Goff: Unfortunately, yes, for the reason that I stated earlier. Catherine remembers Greg once saying that working for his uncle at Mount Air was the best preparation for business he could have received. She is a native of Port Arthur, a city whose motto once was "We Oil the World.". Eccles: Thanks, thats helpful. 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. Second, create and develop supplies of energy that are clean. Executives. He thinks he can do it," she said. At Suncor, Romasko's job was to focus on operations, with emphasis on improving reliability, safety and environmental performance. It only took a few weeks for his bosses to realize he would need to be fast tracked to maximize his considerable talent. Dan's strong leadership capabilities and extensive industry experience will be a great asset to the company, Goff 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. Goff: In the U.S., the government needs to develop a framework for change by implementing policies that enhance our competitive position, support innovation, and consider the life cycle impact of policies. As a highly advanced society, we have a moral obligation to live our lives this way. "We are doing our own investigation, and when the time is right, we'll be able to talk about what happened there," Goff said. You may opt-out by. Goff: Thank you for the opportunity to engage with you. I am the best oil executive in the world, he told a room full of Wall Street analysts over a steak dinner about a decade ago, according to one of those present. I believe they will continue to improve the value and impact of fracking. Eccles: What is your sense of urgency on this? Ernies grandfather was the number one Nash dealer in the country, and Ernie was naturally included in the family business. Within a few years the price would soar to $75 a share. 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 Before we dig into these topics, please tell me a bit about your professional career. Eccles: Thanks for your views on trends and energy mix. 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. He is unquestionably focused primarily on making organizations work better for all stakeholders.. He fixed cars, but eventually hired a mechanic while he went back to the university for a Master of Business Administration degree. Tenured Harvard Business School professor, now at Oxford University. While he recognizes the importance of the stakeholders, he also recognizes that stakeholders do not benefit unless the company as a whole is successful. Goff: G, to me, is about decision making, Decision making by the leadership of a company and the board of directors. 1, hes no radical. Park City resident Greg Goff began a new challenge today; hes now president and CEO of Tesoro Corporation. Goff wasnt immediately available for comment. Just last October the company had a fire at its Salt Lake City plant. Our economic system is highly competitive, innovative, resilient, and driven by technology. 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). Goff made the Harvard Business Reviews 2018 list of the best-performing CEOs in the world. 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. 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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. Goff: The oil and gas industry is excellent at innovation through engineering. Goff: Fully support the companies that have developed strategies to decarbonize their business. Goff: No problem. Prior to joining Marathon, Mr. Goff served as President and Chief Executive Officer of Andeavor from 2010 to 2018, and as Chairman from December 2014 to 2018, of Andeavor (formerly Tesoro Corporation), a leading company in the independent refining and marketing business. Joining me are Greg Goff, Chairman and CEO; Phil Anderson, President; and Steven Sterin, CFO. 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. 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, See here for a complete list of exchanges and delays. There are 6 executives at Polished.com Inc getting paid more, with RobertPatterson having the highest compensation of $6,106,630. Fuel Fix: Get energy news sent directly to your inbox, Hard work is always the best answer to that question, Sankey said last week. The retiring Lewis has been responsible for the company's strategic and operational leadership, according to the company's website. With over 10 years experience he's covered businesses, CEOs, and investments. Goff: My pleasure Bob, I have given both topics considerable thought, so I am pleased to share my views. As the story goes, his supervisor intentionally put the upcoming white collar Goff on a bus load of union guys truckers and mechanics. WebSummary. On average, Gregory trades about 2 units every 0 days since 2011. Eccles: I hope you dont mind me asking, but what is your political affiliation and how actively do you support your political convictions? In 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. 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. active calving glacier. It isnt the first time Goff, whos in his mid-60s, has been a player in an activist shareholder drama. He has not left his alma mater behind. 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. 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. He proved early on he had the capacity to engage with diverse groups of people. Soon after that move, he invited sell-side analysts to dinner at Keens Steakhouse in midtown Manhattan, Sankey recalled. Retired oil-industry CEO Greg J. Goff has put his mansion in San Antonio's exclusive Dominion neighborhood on the sales block for $2.6 million, according to a new real estate listing. First, continue to eliminate or significantly reduce the CO2 emissions from their business. One of his first people skill tests involved a bus ride up to Lake Tahoe, Nevada. We absolutely need to respect and protect our environment. 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. He also worked for Petro-Canada, which merged with Suncor in 2009. Is the Stanley Quencher tumbler worth its TikTok hype? Goff: The global demand for energy is so great and growing, that the scale to supply energy is a significant challenge. Garrett by trade is a personal finance freelance writer and journalist. 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. 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. Are You Ready For AI-Driven Radical ESG Transparency? Goff: Sure, Bob, happy to chat a bit more and I can guess what you want to talk about! All rights reserved. Do you think this will still be the case by the time the elections come around? He began his career at Chevron USA in 1970, according to a company biography. The 7,700-square-foot,, A French-style manor once owned by San Antonio construction contractor, developer and serial entrepreneur Terry Thrift Jr. has hit the market for. April was a rough month for Tesoro. Activist investor Engine No. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. More important is the progress along the way, over the next two- and one-half decades. In the end, he established a great relationship with his traveling companions and their wives who were also on board. Goff: The environment. I dont believe a tax is the best approach. Learn how your comment data is processed. Is this a fair criticism or not? 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. Eccles: And this naturally takes us to the role of governments. He would later say that Tesoro had been recruiting him for virtually his entire time at Conoco. An acronym and the words behind it which have become highly politicized. Ive learned a lot. 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. Some see them as villains, others see them as under unfairly under siege because they have a critical role to play. 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. Young Entrepreneur to Watch: Luciano Schipelliti. Goss impact once joining Tesoro was to see its stock price rise by more than 700 percent. HOUSTON, March 30 (Reuters) - Tesoro Corp TSO.N on Tuesday named ConocoPhillips COP.N senior vice president Greg Goff to succeed retiring chief 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. How we use all the resources, using the term resources very broadly, and the impact they have on the environment. Tesoro, like many independent refiners, had struggled with weakened demand and red ink when the recession dampened demand for its fuels. Goff: Yes. See if you qualify for a free subscription to our industry leading paper magazine. Mr. Goff owns over 140 units of Polished.com Inc stock "Even when they were young kids Id put them in charge of an area in the store and it was their responsibility. Like what needs to get done in the next five to 10 years and what issues will take a longer period of time? It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. Goff, 53, will take the helm of the second-largest independent U.S. refiner as president and CEO on May 1, the company said. 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. Goff heads ConocoPhillips trading operations as senior vice president of commercial, but has extensive experience in refining and other divisions. This includes management, employees, and its overall profitability. For Goss, giving back is a part of being successful. 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, who joined Tesoro as CEO and president May 1, also is a ConocoPhillips veteran. Eccles: And what is your view of net-zero commitments? If it were ESGV, it may drive a better focus. Specifically, WayRay is known for its AR HUDs for cars. 10. She is a graduate of the University of Texas at Austin. Eccles: Finally, and the most controversial, what about the S?. Also, I met and worked with many fascinating people and especially enjoyed working in many different cultures. The purpose would be to have standard data with a high degree of integrity to meet the myriad possibilities for all type of uses. Whats more,, Read More The Top Ten Highest Paid University Presidents in the U.S.Continue, Vitaly Ponomarev is the founder of WayRay. 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. 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. Gregory Goff is 63, he's been the Independent Director of Polished.com Inc since 2011. For both groups, there are processes to drive accountability. Oil price. He is definitely the outdoorsy type. 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. 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. 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. Readers around Park City and Summit County make the Park Record's work possible. Among the recreational things he likes to do are fly fishing and mountain bike riding. It became obvious that when Goss joined Tesoro the many challenges presented by the company would not only keep him busy, but happy. GOP leaders say ballot shortage was targeted at Republicans. The companys stock is trading at $13 to $14 per share down from the June 2007 high of almost $63. (Photo by Sean Gallup/Getty Images). With several decades of experience in the oil industry, the company in a press release said he is well qualified for the position. He is also Chairman and Chief Executive Officer of Tesoro Logistics LP. As with many intelligent people, he requires constant challenges to be at his happiest. 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. Said company is involved in augmented reality. 20 Countries With the Least Amount of Debt, The 10 Most Expensive Skateboards in the World, The 10 Best Ducati Motorcycles of All-Time. 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. As CEO of Andeavor, spearheaded a financial Goff: Im very optimistic about the transition. Serious arab businessman in national white suit on the background of oil rigs. This is a carousel. Are you optimistic or pessimistic about the energy transition and ESG in America? He is executive Vice Chairman of Marathon Petroleum Corporation, a leading, integrated, downstream energy company, since October 2018. Eccles: I know youve spent your entire career in the energy industry. One last question: You know I think the politicization of ESG is crazy and a lot of political theater. Eccles: You know theres pressure on investors to divest and exclude while others are arguing for shareholders to engage with these companies. I am a Republican and I actively support areas that are important to my family and me. There are 2 older and 14 younger executives at Polished.com Inc. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. Goff: I believe we will develop solutions that will allow us to use oil and gas with significantly less impact on the environment. - 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. He also had previously been a banker and a financial analyst for Ford Motor Co. (Reporting by Kristen Hays; Editing by Gary Hill). 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. 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: Renewable energy is obviously key to the energy transition, and it comes in many forms. We can look at very comprehensively. Am I right? Eccles: Related to this, is the Paris Agreement 1.5C target useful from a public policy point of view? "It's not appropriate to talk at this time." What is missing is the focus on value. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. 1847 Goedeker markets its products in the United States. 1847 Goedeker Inc. operates as an online consumer goods retailer. 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. 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