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 tend to be inclusive of newcomers, and while there are, A sprawling mansion adjacent to country legend George Strait's old house in the Dominion was recently listed for $5 million. Second, create and develop supplies of energy that are clean. He fixed cars, but eventually hired a mechanic while he went back to the university for a Master of Business Administration degree. We can look at very comprehensively. Another son graduated in 2005 and currently lives in Texas, Catherine said. Smith, 66, will continue as chairman until the companys annual meeting on June 4, when lead director Steven Grapstein will become non-executive chairman. The station belonged to his uncle Bud Gasparac. Before he joined Tesoro, Smith was treasurer and vice president of Valero Energy Corp. active calving glacier. Goss reflected on the trip, saying those guys drink like fish and mentioned they had to stop once to refill the liquor supply. 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 He has not left his alma mater behind. 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. Goff: I believe we will develop solutions that will allow us to use oil and gas with significantly less impact on the environment. 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. 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. Evan Barbosa - Investor Relations Manager. 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. "Even when they were young kids Id put them in charge of an area in the store and it was their responsibility. But the work has to begin now, Penner said. 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. What are they doing, not doing, and need to do? Eccles: I hope you dont mind me asking, but what is your political affiliation and how actively do you support your political convictions? I am a Republican and I actively support areas that are important to my family and me. 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. "He did well no matter what he did.". Goff: When I reflect on all the opportunities and challenges, the list is a mile long. [+] Portrait, profile, red background. An acronym and the words behind it which have become highly politicized. George Polychronis still lives in Park City as well. Opinions expressed by Forbes Contributors are their own. 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. 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. In the end, he established a great relationship with his traveling companions and their wives who were also on board. Activist investor Engine No. 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, who joined Tesoro as CEO and president May 1, also is a ConocoPhillips veteran. I dont believe a tax is the best approach. 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. Soon after that move, he invited sell-side analysts to dinner at Keens Steakhouse in midtown Manhattan, Sankey recalled. 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. Here's what the data says. Said company is involved in augmented reality. 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Goff: Thank you for the opportunity to engage with you. Eccles: Renewable energy is obviously key to the energy transition, and it comes in many forms. She is a graduate of the University of Texas at Austin. Goss spends a significant amount of time staying connected with his University of Utah alma mater, particularly the Business School. The Company offers microwave ovens, grills, fridge, dishwashers, dryers, space heaters, furniture, rugs, garbage disposals, lamps, and home improvement products. The companys stock is trading at $13 to $14 per share down from the June 2007 high of almost $63. Hes very aware of them, and has met with them. Also, I met and worked with many fascinating people and especially enjoyed working in many different cultures. He also had previously been a banker and a financial analyst for Ford Motor Co. (Reporting by Kristen Hays; Editing by Gary Hill). This is a BETA experience. . Catherine remembers Greg once saying that working for his uncle at Mount Air was the best preparation for business he could have received. Goff had risen through the ranks at ConocoPhillips before taking the top job at independent oil refiner Tesoro Corp. in 2010. 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: The oil and gas industry is excellent at innovation through engineering. Arab world, Middle East, oil industry. In addition to having a sense of urgency, it is important there is very well-developed framework to drive change as we decarbonize. If you typed the URL into your browser, check that you entered it correctly. 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. The largest trade he's ever made was buying 140 units of Polished.com Inc stock on 9 October 2018 worth over $11,131. They may have plenty of time to get to know each other. 9. What do you think the key issues are in terms of type, cost, and availability? Within a few years the price would soar to $75 a share. Hutchison was one of the biggest beneficiaries of campaign contributions from Tesoros PAC in the 2010 election cycle, even though she had already announced her retirement. The former CEO of San Antonio oil company Tesoro is selling his mansion in the Dominion By San Antonio Current Staff Retired oil-industry CEO Greg J. Goff has put Our Standards: The Thomson Reuters Trust Principles. Eccles: Greg, thanks for your insights. What do you think the Western oil and gas majors need to do? 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. Most recently he bought 140 units of POL stock worth $11,131 on 9 October 2018. 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. This site uses Akismet to reduce spam. 5 farmhouses to book for an agritourism getaway, Preorder 'The Legend of Zelda: Tears of the Kingdom' today. 20 Countries With the Least Amount of Debt, The 10 Most Expensive Skateboards in the World, The 10 Best Ducati Motorcycles of All-Time. He was senior vice president at the Houston-based company before joining Tesoro. Evan Barbosa - IR Manager. It isnt the first time Goff, whos in his mid-60s, has been a player in an activist shareholder drama. The oldest executive at Polished.com Inc is RobertAbernathy, 65, who is the Independent Director. 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. The refined products will come from Tesoros Anacortes refinery, a 120,000-barrel-a-day facility located north of Seattle, Washington. Every contribution, however large or small, will make a difference. Mind giving me a recap of this? 6. As CEO of Andeavor, spearheaded a financial 5. 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. Unlike most glaciers, Hubbard is advancing vs. receding. The estimated Net Worth of Gregory James Goff is at least $990 Thousand dollars as of 9 October 2018. On average, Gregory trades about 2 units every 0 days since 2011. The union guys had told his boss they think he was going to do alright as a manager. 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). (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. 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. He said Tesoro expects to receive a preliminary report later this month from the U.S. Chemical Safety Board about the blast, which will help determine whether or not the plant can reopen in September. We need to continually improve both the input and the output, while eliminating, or significantly eliminating, negative impacts. Joining me are Greg Goff, Chairman and CEO; Phil Anderson, President; and Steven Sterin, CFO. Its nice to get a practical view of ESGand from a Republican, no less! 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. There are 6 executives at Polished.com Inc getting paid more, with RobertPatterson having the highest compensation of $6,106,630. Eccles: At the center of the debate about the energy transition is the role of oil and gas. 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. 1847 Goedeker Inc. operates as an online consumer goods retailer. WebGreg Goff is Former Vice Chairman at Marathon Petroleum Corp. See Greg Goff's compensation, career history, education, & memberships. 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. 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. What is the most effective way for investors to support the energy transition? There are 2 older and 14 younger executives at Polished.com Inc. Tesoro will assume the $66 million in debt and contribute about $10 million toward working capital, the company said. Tesoro had been searching for a successor since Smith announced last year that he would retire once a replacement was selected. * Lead director to replace Smith as chairman June 4. Tesoro was the next step in Goss career due to a bit of espionage. 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. Some see them as villains, others see them as under unfairly under siege because they have a critical role to play. Prior to joining Before digging into that, what are your views on coal and nuclear? Tenured Harvard Business School professor, now at Oxford University. It is easy to form agendas around ESG. With over 10 years experience he's covered businesses, CEOs, and investments. His father Calvin had a successful career with General Electric. Executives. 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 Tesoro has seven U.S. refineries west of the Mississippi River with a combined capacity of 665,000 barrels a day. 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. "We are doing our own investigation, and when the time is right, we'll be able to talk about what happened there," Goff said. 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. Creating value with make ESG more meaningful. 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. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. Previous article in series: The Thin Green Line Tesoro Logistics LP (TLLP) Q2 2015 Earnings Conference Call August 6, 2015 12:00 PM ET. Wawa to Break Ground on First North Carolina C-store, First Allsup's Express Grab & Go Location Opens. He offers insights and inspiration to students, and serves on a number of boards and committees. GOP leaders say ballot shortage was targeted at Republicans. Grapstein said in a statement that Tesoro sought a solutions-oriented CEO with a broad background in refining. We also need to use natural resources wisely and efficiently while aggressively managing all negative impacts. 1, hes no radical. Is this a fair criticism or not? The small businesses hed grown up around in Park City were struggling in the early 1980s, she said. Lets now focus on the oil and gas companies themselves. Also, just weeks before Goff jointed the company, a fire and explosion April 2 at Tesoro's refinery in Anacortes, Wash., killed seven employees. Goff: My pleasure Bob, I have given both topics considerable thought, so I am pleased to share my views. One of his first people skill tests involved a bus ride up to Lake Tahoe, Nevada. 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. WebView the profiles of people named Greg Goff. Goff: Because there is considerable latitude around the three areas of ESG, different groups can tailor an agenda around ESG that meets their self-interests. Generator vs power station: Which one is right for you? That high is less than what Exxon shares trade for now. ***. Goff: I spent my career in the energy business and I am very grateful for the opportunities and challenges that I experienced around the world. And they often had to choose between recreation and their job," he said. Gregory Goff has become its CEO, having a tremendous record of success that precedes him. 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. Shaw & Co. pushed to split up the refiner, people familiar with the matter said at the time. 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. Marathon eventually buckled and agreed to spin off its Speedway gas station chain. Eccles: Related to this, is the Paris Agreement 1.5C target useful from a public policy point of view? Goff: A target is critical, if nothing more than laying a stake in the ground that everyone can work towards.
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