Tenured Harvard Business School professor, now at Oxford University. When joining Tesoro, the stock price of the company was at $10 a share. 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 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. ***. 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. Park City resident Greg Goff began a new challenge today; hes now president and CEO of Tesoro Corporation. Goff: The global demand for energy is so great and growing, that the scale to supply energy is a significant challenge. Goff: Two things. Goff heads ConocoPhillips trading operations as senior vice president of commercial, but has extensive experience in refining and other divisions. 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. George Polychronis still lives in Park City as well. 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. 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. Goff: A target is critical, if nothing more than laying a stake in the ground that everyone can work towards. 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. Are you optimistic or pessimistic about the energy transition and ESG in America? We also need to use natural resources wisely and efficiently while aggressively managing all negative impacts. For both groups, there are processes to drive accountability. 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. 7. They may have plenty of time to get to know each other. 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. 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. 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. 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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. 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. 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. 5. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. Among the recreational things he likes to 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. In search of vegan food, I found a world-class Mendocino inn. Tesoro has said going forward, it plans to reduce corporate expenses by $40 million to $50 million a year, and cut post-retirement benefit expenses by $80 million to $90 million. 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. Gregs wife Sylvia, who could not be reached for this article, lives in Park City full-time with one son currently attending Park City High School. Goff: A much more sensitive area. Shaw & Co. pushed to split up the refiner, people familiar with the matter said at the time. 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New Exxon directors resume bolsters best boast. active calving glacier. Eccles: Renewable energy is obviously key to the energy transition, and it comes in many forms. 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. Goff: Unfortunately, yes, for the reason that I stated earlier. Despite the ongoing offers, Goss remained loyal to Conoco, a key personal asset required for rising to any key position in a company. He proved early on he had the capacity to engage with diverse groups of people. See here for a complete list of exchanges and delays. He believes that a CEOs primary responsibility is to take the whole of the company into the equation when making final decisions. 10. Goss spends a significant amount of time staying connected with his University of Utah alma mater, particularly the Business School. Whats your quick take on it? 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. 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. What is the most effective way for investors to support the energy transition? Goff: No problem. On average, Polished.com Inc executives and independent directors trade stock every 26 days with the average trade being worth of $14,473. All rights reserved. And what are some of the most important experiences you had in your career? Hes very aware of them, and has met with them. 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. It isnt the first time Goff, whos in his mid-60s, has been a player in an activist shareholder drama. Each donation will be used exclusively for the development and creation of increased news coverage. - 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. He fixed cars, but eventually hired a mechanic while he went back to the university for a Master of Business Administration degree. I believe that companies need to reflect the views of the people who work there and the people who own the company. Fuel Fix: Get energy news sent directly to your inbox, Hard work is always the best answer to that question, Sankey said last week. Young Entrepreneur to Watch: Luciano Schipelliti. Tesoro Logistics LP (TLLP) Q2 2015 Earnings Conference Call August 6, 2015 12:00 PM ET. 1, hes no radical. Goff: When I reflect on all the opportunities and challenges, the list is a mile long. You may opt-out by. Our economic system is highly competitive, innovative, resilient, and driven by technology. 4. Template. 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. But Goffs mother Catherine Goff said since his days playing Park City High School sports he was always up for a challenge. You can see the complete history of Mr. Goff stock trades at the bottom of the page. Catherine remembers Greg once saying that working for his uncle at Mount Air was the best preparation for business he could have received. Its nice to get a practical view of ESGand from a Republican, no less! Creating value with make ESG more meaningful. 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. Before he joined Tesoro, Smith was treasurer and vice president of Valero Energy Corp. We have great people who can flourish in this economic system to do the right things. 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. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. Executives. (Photo by Sean Gallup/Getty Images). * Lead director to replace Smith as chairman June 4. Mr. Goff is currently a board director at ExxonMobil but for this interview he is speaking strictly in his personal capacity. Also keep in mind that this was a time when the relationship management and unions were strained. How we use all the resources, using the term resources very broadly, and the impact they have on the environment. One of his first people skill tests involved a bus ride up to Lake Tahoe, Nevada. Copyright 2023 Surperformance. 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. However, I believe it is a principle-based approach. Lewis joined Tesoro in 1999. 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. In addition to having a sense of urgency, it is important there is very well-developed framework to drive change as we decarbonize. Said company is involved in augmented reality. He thinks he can do it," she said. The union guys had told his boss they think he was going to do alright as a manager. San Antonio Current Staff Do you think this will still be the case by the time the elections come around? . Tesoro's Greg Goff will keep his spot as San Antonio's highest-paid CEO for at least one more year. One bus tour does not a career make, but the feedback about Goss people management skills came from the union guys themselves. 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. Dan's strong leadership capabilities and extensive industry experience will be a great asset to the company, Goff said. The most active insiders traders include Stephen D Newlin, Houman Akhavan, and Richard H Fearon. Goff: My view is that this is the biggest challenge of my lifetime. I believe that there are better organizations to be a repository of this data than the SEC. One last question: You know I think the politicization of ESG is crazy and a lot of political theater. Also, just weeks before Goff jointed the company, a fire and explosion April 2 at Tesoro's refinery in Anacortes, Wash., killed seven employees. It may have been his confidence in Goss that steered him to believe he knew what he was doing. 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. We can look at very comprehensively. 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). 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. 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 "He thinks he can pull them out of it. Phil Anderson - President. 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. 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. Unlike most glaciers, Hubbard is advancing vs. receding. In June 2010, Goff Goff, who joined Tesoro as CEO and president May 1, also is a ConocoPhillips veteran. As with many intelligent people, he requires constant challenges to be at his happiest. Before we dig into these topics, please tell me a bit about your professional career. 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. Eccles: Of course, the elephant in the room is the national oil companies, like Saudi Aramco, Lukoil, Sinopec, and China National Oil Company. 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. How Much is the Entire Mortal Kombat Franchise Worth? She is a graduate of the University of Texas at Austin. Eccles: Finally, and the most controversial, what about the S?. Goff: The environment. What are they doing, not doing, and need to do? 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. Its ESG! The change to Andeavor acknowledges the significant progress weve made in becoming a premier refining, marketing and logistics company, and signals our aspiration to continue creating greater value for our stakeholders, Greg Goff, Tesoros president and CEO, said in a news release. 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. Learn how your comment data is processed. With over 10 years experience he's covered businesses, CEOs, and investments. Gregory's mailing address filed with the SEC is C/O EXXON MOBIL CORPORATION, 5959 LAS COLINAS BOULEVARD, IRVING, TX, 75039-2298. 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. Goff: Fully support the companies that have developed strategies to decarbonize their business. There are 6 executives at Polished.com Inc getting paid more, with RobertPatterson having the highest compensation of $6,106,630. To begin with, it is socially and spiritually convenient and rewarding to be literate. 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. Goff: We should use coal only when we can completely control the impact on the environment. Executives. 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. Nuclear offers many advantages and while we need to use nuclear power, we need to continue to focus on managing the risks involved.
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