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How we use all the resources, using the term resources very broadly, and the impact they have on the environment. Our Standards: The Thomson Reuters Trust Principles. Much less optimistic about ESG without the V for Value. Also keep in mind that this was a time when the relationship management and unions were strained. This is a BETA experience. They may have plenty of time to get to know each other. If it were ESGV, it may drive a better focus. Goff, as reported yesterday in CSP Daily News, formerly served as senior vice president, commercial for ConocoPhillips. She is a native of Port Arthur, a city whose motto once was "We Oil the World.". Goff: A much more sensitive area. Eccles: Opinion varies on whether climate change is happening or not and, even if so, how much of that is due to human activity. Are You Ready For AI-Driven Radical ESG Transparency? 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. Arab world, Middle East, oil industry. All rights reserved. I am a Republican and I actively support areas that are important to my family and me. WebGreg Goff, Marathon Petroleum Corp: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Markets Americas Bloomberg Markets Americas. Eccles: Getting into oil and gas, do you see this mix changing over time? WebGreg Goff is Former Vice Chairman at Marathon Petroleum Corp. See Greg Goff's compensation, career history, education, & memberships. Eccles: Greg, thanks for your insights. Among the recreational things he likes to do are fly fishing and mountain bike riding. Goff: The global demand for energy is so great and growing, that the scale to supply energy is a significant challenge. 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. Second, create and develop supplies of energy that are clean. I believe that companies need to reflect the views of the people who work there and the people who own the company. Am I right? Learn how your comment data is processed. One of his first people skill tests involved a bus ride up to Lake Tahoe, Nevada. "He thinks he can pull them out of it. Readers around Park City and Summit County make the Park Record's work possible. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the 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. He offers insights and inspiration to students, and serves on a number of boards and committees. ***. 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. 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. It may have been his confidence in Goss that steered him to believe he knew what he was doing. Creating value with make ESG more meaningful. 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. He began his career at Chevron USA in 1970, according to a company biography. 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. I believe they will continue to improve the value and impact of fracking. Mr. Goff owns over 140 units of Polished.com Inc stock I dont believe a tax is the best approach. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. 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.. 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. It only took a few weeks for his bosses to realize he would need to be fast tracked to maximize his considerable talent. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. 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 also worked for Petro-Canada, which merged with Suncor in 2009. The refined products will come from Tesoros Anacortes refinery, a 120,000-barrel-a-day facility located north of Seattle, Washington. Tesoro Logistics LP (TLLP) Q2 2015 Earnings Conference Call August 6, 2015 12:00 PM ET. The station belonged to his uncle Bud Gasparac. "Even when they were young kids Id put them in charge of an area in the store and it was their responsibility. active calving glacier. The oldest executive at Polished.com Inc is RobertAbernathy, 65, who is the Independent Director. Specifically, WayRay is known for its AR HUDs for cars. Gregory Goff has become its CEO, having a tremendous record of success that precedes him. Some see them as villains, others see them as under unfairly under siege because they have a critical role to play. Goff: No problem. 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. 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. Eccles: Of course, the elephant in the room is the national oil companies, like Saudi Aramco, Lukoil, Sinopec, and China National Oil Company. Grapstein said in a statement that Tesoro sought a solutions-oriented CEO with a broad background in refining. What do you think the key issues are in terms of type, cost, and availability? Last updated: 4 January 2023 at 3:09pm EST. (Greg) Goff joined Tesoro as President and Chief Executive Officer in 2010. On average, Gregory trades about 2 units every 0 days since 2011. Most recently he bought 140 units of POL stock worth $11,131 on 9 October 2018. Within a few years the price would soar to $75 a share. "It's not appropriate to talk at this time." the use of artificial intelligence to analyze the risks of investing in a business model and assess [+] the importance of esg in enterprise management. More important is the progress along the way, over the next two- and one-half decades. What are they doing, not doing, and need to do? Hutchison retired in 2012 and joined a lobbying firm in 2013 that has represented Tesoro. Goff: We should use coal only when we can completely control the impact on the environment. WebGregory J. Goff Former Chief Executive Officer of Andeavor ~40-year track record of success in the energy industry. 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. Goff: Companies have positively intensified their commitment and actions towards driving significant change. 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. Goff: When I reflect on all the opportunities and challenges, the list is a mile long. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. 6. 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: At the center of the debate about the energy transition is the role of oil and gas. WebView the profiles of people named Greg Goff. Goff wasnt immediately available for comment. 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. Goff: Fully support the companies that have developed strategies to decarbonize their business. 1, hes no radical. Side view. Is this a fair criticism or not? Eccles: And what is your view of net-zero commitments? Unlike most glaciers, Hubbard is advancing vs. receding. George Polychronis still lives in Park City as well. Fuel Fix: Get energy news sent directly to your inbox, Hard work is always the best answer to that question, Sankey said last week. Among the recreational things he likes to If you typed the URL into your browser, check that you entered it correctly. ExxonMobil faces a number of climate-related votes at the gathering, which went into a one-hour recess late Wednesday morning following speeches from sponsors of the shareholder motions. He believes that a CEOs primary responsibility is to take the whole of the company into the equation when making final decisions. Eccles: Related to this, is the Paris Agreement 1.5C target useful from a public policy point of view? Eccles: I know youve spent your entire career in the energy industry. He joined Tesoro from Ultramar Diamond Shamrock Corp., where he was vice president of corporate planning and investor relations. 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. Goff had risen through the ranks at ConocoPhillips before taking the top job at independent oil refiner Tesoro Corp. in 2010. Tesoro has seven U.S. refineries west of the Mississippi River with a combined capacity of 665,000 barrels a day. Goff: Thank you for the opportunity to engage with you. Evan Barbosa - Investor Relations Manager. I believe we need to strengthen our competitive position in the world. We need to continually improve both the input and the output, while eliminating, or significantly eliminating, negative impacts. 10. 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. The purpose would be to have standard data with a high degree of integrity to meet the myriad possibilities for all type of uses. 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 Goff: My pleasure Bob, I have given both topics considerable thought, so I am pleased to share my views. 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. 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. Copyright 2023 Surperformance. While he recognizes the importance of the stakeholders, he also recognizes that stakeholders do not benefit unless the company as a whole is successful. Why do you think thats the case? He moved up to president and chief executive in 1995, and became chairman as well the next year. 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. Also, I met and worked with many fascinating people and especially enjoyed working in many different cultures. As the Independent Director of Polished.com Inc, the total compensation of Gregory Goff at Polished.com Inc is $242,021. Are you optimistic or pessimistic about the energy transition and ESG in America? He was friendly and could relate to the everyday worker, an essential skill when selected to be CEO of a major corporation. the importance of esg in enterprise management, Why Blowing Up Pipelines Will Not Solve The Climate Crisis. Were not talking about simply finding it to be a nice place to call home. 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. 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. Goff: Two things. See here for a complete list of exchanges and delays. See if you qualify for a free subscription to our industry leading paper magazine. In a Tuesday morning filing with the U.S. Securities & Exchange He also had previously been a banker and a financial analyst for Ford Motor Co. (Reporting by Kristen Hays; Editing by Gary Hill). Arab world, Middle East, oil industry. Another son graduated in 2005 and 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. We can look at very comprehensively. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. And what are some of the most important experiences you had in your 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. Serious arab businessman in national white suit on the background of oil rigs. It was something he always wanted, she said. 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 He thinks he can do it," she said. 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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. Goff: Im very optimistic about the transition. In June 2010, Goff 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. Goff made the Harvard Business Reviews 2018 list of the best-performing CEOs in the world. Prior to joining Eccles: What is your sense of urgency on this? The small businesses hed grown up around in Park City were struggling in the early 1980s, she said. I do not believe that we have the luxury of driving change without considering and managing the impacts of change. 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. Goss spends a significant amount of time staying connected with his University of Utah alma mater, particularly the Business School. 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. Is the Stanley Quencher tumbler worth its TikTok hype? Wawa to Break Ground on First North Carolina C-store, First Allsup's Express Grab & Go Location Opens. HOUSTON, March 30 (Reuters) - Tesoro Corp TSO.N on Tuesday named ConocoPhillips COP.N senior vice president Greg Goff to succeed retiring chief Goff: The environment. Nuclear offers many advantages and while we need to use nuclear power, we need to continue to focus on managing the risks involved. 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. Goss reflected on the trip, saying those guys drink like fish and mentioned they had to stop once to refill the liquor supply. 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. 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. 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. Park City resident Greg Goff began a new challenge today; hes now president and CEO of Tesoro Corporation. Eccles: Im afraid youre right but this spurs one last question and I promise it really is the last one. That high is less than what Exxon shares trade for now. With several decades of experience in the oil industry, the company in a press release said he is well qualified for the position. Smith joined Tesoro in 1992 as chief financial 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 idea has circulated in the Park City area in previous years, but hasnt gained much traction. Tesoro was the next step in Goss career due to a bit of espionage. 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. 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. What is the most effective way for investors to support the energy transition? Template. Goff heads ConocoPhillips trading operations as senior vice president of commercial, but has extensive experience in refining and other divisions. HOUSTON, March 30 (Reuters) - Tesoro Corp. senior vice president Greg Goff to succeed retiring chief executive Bruce Smith. Gregory J. Goff serves as Independent Director of the Company. Because energy is critical to our economic well-being as a country, the framework needs to deploy capital effectively and efficiently; support innovation; develop policies that enhance our competitive position; and consider all the consequences of the changes that we pursue. He likes to work long hours, not endure them. Lewis joined Tesoro in 1999. (Photo by Sean Gallup/Getty Images). Fortunately, I spent time in the upstream, downstream, midstream, and commercial parts of the industry. 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. As the story goes, his supervisor intentionally put the upcoming white collar Goff on a bus load of union guys truckers and mechanics. 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. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. WebSummary. Ive learned a lot. Your financial contribution supports our efforts to deliver quality, locally relevant journalism. Goff, 53, will take the helm of the second-largest independent U.S. refiner as president and CEO on May 1, the company said. Eccles: Thanks for your views on trends and energy mix. Young Entrepreneur to Watch: Luciano Schipelliti. San Antonio Current Staff Romasko's appointment coincides with the retirement March 21 of Everett Lewis, Tesoro's executive vice president and chief operating officer. The companys stock is trading at $13 to $14 per share down from the June 2007 high of almost $63. Smith, 66, will continue as chairman until the companys annual meeting on June 4, when lead director Steven Grapstein will become non-executive chairman. 5 farmhouses to book for an agritourism getaway, Preorder 'The Legend of Zelda: Tears of the Kingdom' today. Goff: The oil and gas industry is excellent at innovation through engineering. 5. Mind giving me a recap of this? Previous article in series: The Thin Green Line His father Calvin had a successful career with General Electric. Eccles: Thanks, thats helpful. 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. Make sure companies are fully transparent in their results and that they have effective governance to drive the change. 3. She also covers small business topics and issues. Marathon eventually buckled and agreed to spin off its Speedway gas station chain. Heminger departed and Goff retired. We know Greg Goff, this will all be orderly.. Its nice to get a practical view of ESGand from a Republican, no less! Goff: For the world to succeed, they need to operate like the international oil companies (IOCs). There are 2 older and 14 younger executives at Polished.com Inc. He is executive Vice Chairman of Marathon Petroleum Corporation, a leading, integrated, downstream energy company, since October 2018. 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. 9. WebGoff was hired as the head coach of the Alabama Crimson Tide baseball team on June 17, 2016. Our economic system is highly competitive, innovative, resilient, and driven by technology. When joining Tesoro, the stock price of the company was at $10 a share. An acronym and the words behind it which have become highly politicized. 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. Courtesy photo *** Tesoro Corp. changed their name to Andeavor Corp. on Aug. 1, 2017. Tesoro's Greg Goff will keep his spot as San Antonio's highest-paid CEO for at least one more year. 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 Catherine remembers Greg once saying that working for his uncle at Mount Air was the best preparation for business he could have received. Evan Barbosa - IR Manager. 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. - 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. 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. 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, 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. This approach makes it difficult to engage in S. That may sound like an easy way out. 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. As a highly advanced society, we have a moral obligation to live our lives this way. This includes management, employees, and its overall profitability. To begin with, it is socially and spiritually convenient and rewarding to be literate. Unlike most glaciers, Hubbard is advancing vs. receding. Portrait, profile, red background. This is a carousel. On average, Polished.com Inc executives and independent directors trade stock every 26 days with the average trade being worth of $14,473. In 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. 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. 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