Last updated: 4 January 2023 at 3:09pm EST. 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. Young Entrepreneur to Watch: Luciano Schipelliti. How Much is the Entire Mortal Kombat Franchise Worth? Goff: When I reflect on all the opportunities and challenges, the list is a mile long. One last question: You know I think the politicization of ESG is crazy and a lot of political theater. First, continue to eliminate or significantly reduce the CO2 emissions from their business. He moved up to president and chief executive in 1995, and became chairman as well the next year. The retiring Lewis has been responsible for the company's strategic and operational leadership, according to the company's website. 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. "He thinks he can pull them out of it. WebSummary. 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. Fortunately, I spent time in the upstream, downstream, midstream, and commercial parts of the industry. Tesoro Names new CEO Smith, 66, will continue as chairman until the companys annual meeting on June 4, when lead director Steven Grapstein will become non-executive chairman. Tesoro Goff: G, to me, is about decision making, Decision making by the leadership of a company and the board of directors. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. 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. Am I right? Tesoro Hutchison retired in 2012 and joined a lobbying firm in 2013 that has represented Tesoro. But while Goff will address both issues on behalf of Engine No. Portrait, profile, red background. Phil Anderson - President. Mind giving me a recap of this? In the end, he established a great relationship with his traveling companions and their wives who were also on board. Hes very aware of them, and has met with them. What do you think the Western oil and gas majors need to do? He proved early on he had the capacity to engage with diverse groups of people. 9. (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. This site uses Akismet to reduce spam. 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. 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. 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. While he recognizes the importance of the stakeholders, he also recognizes that stakeholders do not benefit unless the company as a whole is successful. Tesoro Hires ConocoPhillips Exec. Goff To Be Chief Executive Gregory James Goff - Biography - MarketScreener.com 6. It only took a few weeks for his bosses to realize he would need to be fast tracked to maximize his considerable talent. To begin with, it is socially and spiritually convenient and rewarding to be literate. 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. This includes management, employees, and its overall profitability. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the 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. Within a few years the price would soar to $75 a share. 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. 7. 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. We have great people who can flourish in this economic system to do the right things. Gregory J. Goff | Reenergize Exxon Most recently he bought 140 units of POL stock worth $11,131 on 9 October 2018. We cant find the page you're looking for. He would later say that Tesoro had been recruiting him for virtually his entire time at Conoco. One possibility to solving the housing crisis discussed at ajoint meeting between the Park City Council and Summit County Council on Tuesdaywas the creation of a regional housing authority; a quasi-governmental body formed to coordinate a collaborative, strategic response to housing. Goff: Thank you for the opportunity to engage with you. As with many intelligent people, he requires constant challenges to be at his happiest. 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. Greg Goff, Marathon Petroleum Corp: Profile and Biography You can see the complete history of Mr. Goff stock trades at the bottom of the page. I am a Republican and I actively support areas that are important to my family and me. He joined Tesoro from Ultramar Diamond Shamrock Corp., where he was vice president of corporate planning and investor relations. 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Vote daily now through 5/15 for the 2023 Best Of San Antonio. Gregory J. Goff serves as Independent Director of the Company. Tesoro Announces New Chief Executive Officer | Business Wire Tesoro's Greg Goff keeps spot as San Antonio's highest-paid CEO She is a native of Port Arthur, a city whose motto once was "We Oil the World.". Goff: The global demand for energy is so great and growing, that the scale to supply energy is a significant challenge. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. 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. Goff: Fully support the companies that have developed strategies to decarbonize their business. Tesoro Children no longer want to go out and play or interact with others because they are always glued to their gadgets, Read More Dear Parents: Child Gadget Addiction is Only Getting WorseContinue, Ernie Boch Jr. grew up in Norwood, Massachusetts. 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. However, I believe it is a principle-based approach. It is always enjoyable to have a healthy discussion around such important issues. 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. 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. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. An acronym and the words behind it which have become highly politicized. 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 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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They may have plenty of time to get to know each other. Is this a fair criticism or not? Eccles: And this naturally takes us to the role of governments. An explosion in Washington State killed seven people the most severe in the nation since 2005. 8. It isnt the first time Goff, whos in his mid-60s, has been a player in an activist shareholder drama. This is a BETA experience. Greg Goff - Chairman and Chief Executive Officer 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. Tesoro said it has hired Greg Goff, a former ConocoPhillips executive, as the companys new president and CEO. (George) was a noted, good business man and he taught him a lot," she said. Eccles: What is your sense of urgency on this? But the work has to begin now, Penner said. 4. 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. 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. 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, Tenured Harvard Business School professor, now at Oxford University. Goff: Unfortunately, yes, for the reason that I stated earlier. With over 10 years experience he's covered businesses, CEOs, and investments. Goff: No problem. Eccles: One other specific question: Do we need a carbon tax and, if so, can you see this as ever happening? What are they doing, not doing, and need to do? He was senior vice president at the Houston-based company before joining Tesoro. Eccles: Opinion varies on whether climate change is happening or not and, even if so, how much of that is due to human activity. We can look at very comprehensively. Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. 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. Second, create and develop supplies of energy that are clean. Readers around Park City and Summit County make the Park Record's work possible. 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. As a highly advanced society, we have a moral obligation to live our lives this way. Eccles: At the center of the debate about the energy transition is the role of oil and gas. Mr. Goff owns over 140 units of Polished.com Inc stock Goff: Yes. Another son graduated in 2005 and 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. Joining me are Greg Goff, Chairman and CEO; Phil Anderson, President; and Steven Sterin, CFO. He believes that a CEOs primary responsibility is to take the whole of the company into the equation when making final decisions. 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. Among the recreational things he likes to (Photo by Sean Gallup/Getty Images). The bonus is to be paid six months after the retention period ended, SEC documents show. This is a carousel. Catherine remembers Greg once saying that working for his uncle at Mount Air was the best preparation for business he could have received. Nuclear offers many advantages and while we need to use nuclear power, we need to continue to focus on managing the risks involved. He thinks he can do it," she said. Why do you think thats the case? Andeavor Greg Goff Tesoro Tesoro Corporation Western Refining Previous Post Italmatch Chemicals closes financing package to fund new acquisitions, refinance * Lead director to replace Smith as chairman June 4. As of 9 October 2018 he still owns at least 1,626,374 units of Polished.com Inc stock. People Moves: Tesoro Hires Conoco Exec, Rio Tinto hires Kissinger Tesoro Tesoro In addition to having a sense of urgency, it is important there is very well-developed framework to drive change as we decarbonize. 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. 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. Tesoro lands a new executive - mysanantonio.com Gregory's mailing address filed with the SEC is C/O EXXON MOBIL CORPORATION, 5959 LAS COLINAS BOULEVARD, IRVING, TX, 75039-2298. Each donation will be used exclusively for the development and creation of increased news coverage. WebGreg Goff is Former Vice Chairman at Marathon Petroleum Corp. See Greg Goff's compensation, career history, education, & memberships. Goff: The environment. What do they need to do? Goff: My view is that this is the biggest challenge of my lifetime. Eccles: Im looking forward to what you have to say. Tesoro He likes to work long hours, not endure them. On average, Gregory trades about 2 units every 0 days since 2011. "It taught him more about business than he could have imagined. She also covers small business topics and issues. Ive learned a lot. Eccles: Renewable energy is obviously key to the energy transition, and it comes in many forms. HOUSTON, March 30 (Reuters) - Tesoro Corp TSO.N on Tuesday named ConocoPhillips COP.N senior vice president Greg Goff to succeed retiring chief 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. Before digging into that, what are your views on coal and nuclear? On average, Polished.com Inc executives and independent directors trade stock every 26 days with the average trade being worth of $14,473. Goff: Net-zero is a worthwhile aspiration. Goff: A much more sensitive area. 1847 Goedeker Inc. operates as an online consumer goods retailer. All rights reserved. As the story goes, his supervisor intentionally put the upcoming white collar Goff on a bus load of union guys truckers and mechanics. His father liked working in sales and, Read More 10 Things You Didnt Know about Ernie Boch Jr.Continue. 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. Previous article in series: The Thin Green Line Another son graduated in 2005 and currently lives in Texas, Catherine said. He began his career at Chevron USA in 1970, according to a company biography. He is unquestionably focused primarily on making organizations work better for all stakeholders.. 1, said Wednesday. HOUSTON, March 30 (Reuters) - Tesoro Corp. senior vice president Greg Goff to succeed retiring chief executive Bruce Smith. We absolutely need to respect and protect our environment. 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. We need to continually improve both the input and the output, while eliminating, or significantly eliminating, negative impacts. "He did well no matter what he did.". His father Calvin had a successful career with General Electric. Goff: We should use coal only when we can completely control the impact on the environment. Goff, as reported yesterday in CSP Daily News, formerly served as senior vice president, commercial for ConocoPhillips. 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.. 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. It became obvious that when Goss joined Tesoro the many challenges presented by the company would not only keep him busy, but happy. 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. He was friendly and could relate to the everyday worker, an essential skill when selected to be CEO of a major corporation. He has not left his alma mater behind. More important is the progress along the way, over the next two- and one-half decades. News Releases - U.S. Senator John Hoeven of North Dakota Goff: For the world to succeed, they need to operate like the international oil companies (IOCs). But Goffs mother Catherine Goff said since his days playing Park City High School sports he was always up for a challenge. 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. 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. The union guys had told his boss they think he was going to do alright as a manager. Goff: Companies have positively intensified their commitment and actions towards driving significant change. Gregory Goff has become its CEO, having a tremendous record of success that precedes him. WebGreg Goff, Marathon Petroleum Corp: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Markets Americas Bloomberg Markets Americas. In 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. We also need to use natural resources wisely and efficiently while aggressively managing all negative impacts. "It's not appropriate to talk at this time." 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). active calving glacier. One of his first people skill tests involved a bus ride up to Lake Tahoe, Nevada. 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. Goff: Sure, Bob, happy to chat a bit more and I can guess what you want to talk about! Garrett by trade is a personal finance freelance writer and journalist. WebGoff was hired as the head coach of the Alabama Crimson Tide baseball team on June 17, 2016. 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. As CEO of Andeavor, spearheaded a financial 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. 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. 5. What is missing is the focus on value. Get news highlights delivered directly to your e-mail inbox. Evan Barbosa - Investor Relations Manager. 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 From Park City grocery to oil CEO | ParkRecord.com Serious arab businessman in national white suit on the background of oil rigs. Gregory J. Goff - CEO @ Andeavor - Crunchbase Person Profile Tesoro And they often had to choose between recreation and their job," he said. From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the The idea has circulated in the Park City area in previous years, but hasnt gained much traction. The oldest executive at Polished.com Inc is RobertAbernathy, 65, who is the Independent Director. George Polychronis still lives in Park City as well. 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. I do not have the confidence that they government would tax and redeploy the capital in a way that creates value. The refined products will come from Tesoros Anacortes refinery, a 120,000-barrel-a-day facility located north of Seattle, Washington. 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. He is also Chairman and Chief Executive Officer of Tesoro Logistics LP. In search of vegan food, I found a world-class Mendocino inn. Executives. WebGregory J. Goff Former Chief Executive Officer of Andeavor ~40-year track record of success in the energy industry. 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. 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 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. Dan Romasko will join Tesoro from Suncor Energy Inc. of Canada, where he most recently was vice president of operations integrity and vice president of technical operations and competence. 3. Mr. Goff was President and Chief Executive Officer of Andeavor (an It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. 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