Valero Names Executive VP Joe Gorder as Company President
November 13 2012 - 2:22PM
Dow Jones News
By Ben Lefebvre
Valero Energy Corp. (VLO), one of the largest U.S. refining
companies, on Tuesday named executive vice president and chief
operating officer Joe Gorder to replace chief executive Bill Klesse
as the company's president.
Mr. Klesse will remain CEO. Mr. Gorder will assume the
president's position on Jan. 1 while keeping the COO position.
Valero operates 16 refineries in the U.S. and abroad with a
combined processing capacity of about 3 million barrels a day.
"As President and COO, Gorder will continue to be responsible
for Valero's refining operations, as well as commercial operations
in marketing, supply and transportation," the company said in
announcing the move.
Mr. Klesse became Valero CEO in 2006 after serving as the
company's COO for three years.
Write to Ben Lefebvre at ben.lefebvre@dowjones.com
Valero Energy (NYSE:VLO)
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