Within a few years the price would soar to $75 a share. 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. The purpose was to see how he would handle himself in a situation where everyone around him had a completely different view of the workaday world. Goff heads ConocoPhillips trading operations as senior vice president of commercial, but has extensive experience in refining and other divisions. Mr. Goff is currently a board director at ExxonMobil but for this interview he is speaking strictly in his personal capacity. In addition to having a sense of urgency, it is important there is very well-developed framework to drive change as we decarbonize. 1847 Goedeker markets its products in the United States. - 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. 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. 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. His father liked working in sales and, Read More 10 Things You Didnt Know about Ernie Boch Jr.Continue. 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 Goff: Companies have positively intensified their commitment and actions towards driving significant change. WebView the profiles of people named Greg Goff. GOP leaders say ballot shortage was targeted at Republicans. Wawa to Break Ground on First North Carolina C-store, First Allsup's Express Grab & Go Location Opens. The most active insiders traders include Stephen D Newlin, Houman Akhavan, and Richard H Fearon. - 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. As the Independent Director of Polished.com Inc, the total compensation of Gregory Goff at Polished.com Inc is $242,021. (Photo by KAREN BLEIER / AFP FILES / AFP) (Photo by KAREN BLEIER/AFP FILES/AFP via Getty Images), GREG GOFF is leaving Conoco-Phillips to lead Tesoro. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. Unlike most glaciers, Hubbard is advancing vs. receding. 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. What do they need to do? (Photo by Sean Gallup/Getty Images). It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. Goff: A much more sensitive area. New Exxon directors resume bolsters best boast. Arab world, Middle East, oil industry. The small businesses hed grown up around in Park City were struggling in the early 1980s, she said. 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. Template. Before digging into that, what are your views on coal and nuclear? Goff: For the world to succeed, they need to operate like the international oil companies (IOCs). Tesoro was the next step in Goss career due to a bit of espionage. Join Facebook to connect with Greg Goff and others you may know. Goff: The environment. Goff: Fully support the companies that have developed strategies to decarbonize their business. Courtesy photo *** Tesoro Corp. changed their name to Andeavor Corp. on Aug. 1, 2017. Oil price. (Greg) Goff joined Tesoro as President and Chief Executive Officer in 2010. 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. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. 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. 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. Eccles: And what is your view of net-zero commitments? When joining Tesoro, the stock price of the company was at $10 a share. The idea has circulated in the Park City area in previous years, but hasnt gained much traction. Eccles: Related to this, is the Paris Agreement 1.5C target useful from a public policy point of view? How Much is the Entire Mortal Kombat Franchise Worth? "Greg was a super intelligent young man and followed what he wanted to do," Polychronis added. Whats your quick take on it? Goff made the Harvard Business Reviews 2018 list of the best-performing CEOs in the world. 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. Gregory Goff is 63, he's been the Independent Director of Polished.com Inc since 2011. 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. Tesoro has seven U.S. refineries west of the Mississippi River with a combined capacity of 665,000 barrels a day. 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. [+] Portrait, profile, red background. Conoco Phillips was his first career stop after graduating from college. All rights reserved. Eccles: Of course, the elephant in the room is the national oil companies, like Saudi Aramco, Lukoil, Sinopec, and China National Oil Company. Gregory J. Goff serves as Independent Director of the Company. 7. Eccles: Thanks for your views on trends and energy mix. Eccles: Renewable energy is obviously key to the energy transition, and it comes in many forms. It may have been his confidence in Goss that steered him to believe he knew what he was doing. Goff had risen through the ranks at ConocoPhillips before taking the top job at independent oil refiner Tesoro Corp. in 2010. Unlike most glaciers, Hubbard is advancing vs. receding. Eccles: I know youve spent your entire career in the energy industry. Texas cheerleader who was shot after her teammate mistakenly got into S.A. area's first horror-focused bookstore officially opens, Under-the-radar San Antonio burgers to try right now, New Braunfels golf course Sip N Putt is leaving putt putt in the dust, What to know about the invasive hammerhead flatworms spotted in Texas, Cardi B speaks out on 'mean girls' in viral TikTok at Houston Astros game, Highest-rated restaurants for tacos in San Antonio, according to Yelp, Medical Drive apartment shooting leaves 1 dead; suspect in custody after standoff. 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. Romasko's appointment coincides with the retirement March 21 of Everett Lewis, Tesoro's executive vice president and chief operating officer. 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. First, continue to eliminate or significantly reduce the CO2 emissions from their business. Before we dig into these topics, please tell me a bit about your professional career. 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. Vicki Vaughan writes about refining and publicly traded energy companies based in San Antonio. 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, This is a carousel. Before he joined Tesoro, Smith was treasurer and vice president of Valero Energy Corp. 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. Shaw & Co. pushed to split up the refiner, people familiar with the matter said at the time. Like what needs to get done in the next five to 10 years and what issues will take a longer period of time? Gregory James Goff is a businessperson who has been at the helm of 13 different companies and presently is President & Director at Tesoro Refining & Marketing Co. LLC. 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.. He also had previously been a banker and a financial analyst for Ford Motor Co. (Reporting by Kristen Hays; Editing by Gary Hill). 20 Countries With the Least Amount of Debt, The 10 Most Expensive Skateboards in the World, The 10 Best Ducati Motorcycles of All-Time. 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. With several decades of experience in the oil industry, the company in a press release said he is well qualified for the position. 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. Side view. Some see them as villains, others see them as under unfairly under siege because they have a critical role to play. 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. 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 the work has to begin now, Penner said. He was senior vice president at the Houston-based company before joining Tesoro. Portrait, profile, red background. 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. Eccles: Greg, thanks for your insights. Goff wasnt immediately available for comment. 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. active calving glacier. The Company offers microwave ovens, grills, fridge, dishwashers, dryers, space heaters, furniture, rugs, garbage disposals, lamps, and home improvement products. It only took a few weeks for his bosses to realize he would need to be fast tracked to maximize his considerable talent. 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. One of the most popular stops on an Alaskan cruise / Alaska vacation, Hubbard Glacier is a very [+] active calving glacier. But while Goff will address both issues on behalf of Engine No. 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. In search of vegan food, I found a world-class Mendocino inn. He likes to work long hours, not endure them. Tenured Harvard Business School professor, now at Oxford University. Our economic system is highly competitive, innovative, resilient, and driven by technology. They definitely need to balance the impact of the change on all their key stakeholders. Goss impact once joining Tesoro was to see its stock price rise by more than 700 percent. Tesoro's Greg Goff will keep his spot as San Antonio's highest-paid CEO for at least one more year. How we use all the resources, using the term resources very broadly, and the impact they have on the environment. 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. I believe they will continue to improve the value and impact of fracking. Activist investor Engine No. Among the recreational things he likes to do are fly fishing and mountain bike riding. 9. 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 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. WebSummary. Its ESG! Its a sign of how investors have been galvanized by climate change, and also how theyve become dissatisfied with the oil companys poor financial performance in recent years. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the Park City resident Greg Goff began a new challenge today; hes now president and CEO of Tesoro Corporation. Readers around Park City and Summit County make the Park Record's work possible. 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. At Suncor, Romasko's job was to focus on operations, with emphasis on improving reliability, safety and environmental performance. Another son graduated in 2005 and currently lives in Texas, Catherine said. Soon after that move, he invited sell-side analysts to dinner at Keens Steakhouse in midtown Manhattan, Sankey recalled. Eccles: Getting into oil and gas, do you see this mix changing over time? To begin with, it is socially and spiritually convenient and rewarding to be literate. He began his career at Chevron USA in 1970, according to a company biography. Joining me are Greg Goff, Chairman and CEO; Phil Anderson, President; and Steven Sterin, CFO. 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 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. Goff: The oil and gas industry is excellent at innovation through engineering. (George) was a noted, good business man and he taught him a lot," she said. 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. Opinions expressed by Forbes Contributors are their own. I do not have the confidence that they government would tax and redeploy the capital in a way that creates value. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. Goff, who joined Tesoro as CEO and president May 1, also is a ConocoPhillips veteran. 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). Ive learned a lot. Copyright 2023 Surperformance. Goff: Unfortunately, yes, for the reason that I stated earlier. Tesoro Logistics LP (TLLP) Q4 2015 Earnings Conference Call February 2, 2016 12:00 PM ET. 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. He would later say that Tesoro had been recruiting him for virtually his entire time at Conoco. 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. 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. Is the Stanley Quencher tumbler worth its TikTok hype? Whats more,, Read More The Top Ten Highest Paid University Presidents in the U.S.Continue, Vitaly Ponomarev is the founder of WayRay. WebGregory J. Goss reflected on the trip, saying those guys drink like fish and mentioned they had to stop once to refill the liquor supply. 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. I do not believe that we have the luxury of driving change without considering and managing the impacts of change. 5. Your financial contribution supports our efforts to deliver quality, locally relevant journalism. "We are doing our own investigation, and when the time is right, we'll be able to talk about what happened there," Goff said. 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. 10. Hes very aware of them, and has met with them. One of his first people skill tests involved a bus ride up to Lake Tahoe, Nevada. Goff: Im very optimistic about the transition. 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. 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. Eccles: Thanks and Im sure youre right. For both groups, there are processes to drive accountability. HOUSTON, March 30 (Reuters) - Tesoro Corp. senior vice president Greg Goff to succeed retiring chief executive Bruce Smith. Garrett by trade is a personal finance freelance writer and journalist. "It's not appropriate to talk at this time." Among the recreational things he likes to Luciano Schipelliti is one, Read More Young Entrepreneur to Watch: Luciano SchipellitiContinue, Education is perhaps the most important commodity that anyone can invest in, and it is rewarding on many levels. Most recently he bought 140 units of POL stock worth $11,131 on 9 October 2018. 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. 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. Fuel Fix: Get energy news sent directly to your inbox, Hard work is always the best answer to that question, Sankey said last week. Goff: G, to me, is about decision making, Decision making by the leadership of a company and the board of directors. Eccles: Thanks, thats helpful. * Lead director to replace Smith as chairman June 4. The retiring Lewis has been responsible for the company's strategic and operational leadership, according to the company's website. Creating value with make ESG more meaningful. 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. He also served as Chairman and Chief Executive Officer of Andeavor Logistics LP (formerly Tesoro Logistics LP), a NYSE-listed master limited partnership that owns, operates and develops crude oil and refined products and logistics assets, from April 2011 to 2018. There are 6 executives at Polished.com Inc getting paid more, with RobertPatterson having the highest compensation of $6,106,630.
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