SAN ANTONIO, Oct. 28, 2014 /PRNewswire/ -- Valero Energy
Corporation (NYSE: VLO) announced today that Bill Klesse, 68, has chosen to step down as
Chairman of the Board effective December
30, 2014. Joe Gorder,
57, Chief Executive Officer and President, has been elected by the
Board of Directors to the role of Chairman to succeed Klesse
effective December 31,
2014.
"I would like to thank our employees, Valero's stockholders, our
customers and suppliers, and our communities where we live and work
for the support they have given Valero and me," Klesse said. "I ask
that these same stakeholders continue to give Joe the same support
they have given me. Our succession plan has been in place for some
time and has progressed as planned with the complete involvement
and support of our Board of Directors."
Klesse became CEO at the end of 2005 and was named Chairman of
the Board in 2007. He stepped down as CEO on May 1, 2014. He has spent his entire
45-year career with Valero and its predecessor companies.
"Bill has done a great job of leading Valero, and he has
positioned the company very well to continue to succeed," Gorder
said. "Our Board and our employees are truly grateful for
Bill's leadership and service to Valero, and we wish him continued
health and happiness as he begins the next chapter of his
life."
About Valero
Valero Energy Corporation, through its subsidiaries, is an
international manufacturer and marketer of transportation fuels,
other petrochemical products and power. Valero subsidiaries employ
approximately 10,000 people, and assets include 15 petroleum
refineries with a combined throughput capacity of approximately 2.9
million barrels per day, 11 ethanol plants with a combined
production capacity of 1.3 billion gallons per year, a 50-megawatt
wind farm, and renewable diesel production from a joint venture.
Through subsidiaries, Valero owns the general partner of Valero
Energy Partners LP (NYSE: VLP), a midstream master limited
partnership. Approximately 7,400 outlets carry the Valero,
Diamond Shamrock, Shamrock and Beacon brands in the United States and the Caribbean; Ultramar in Canada; and Texaco in the United Kingdom and Ireland. Valero is a
Fortune 500 company based in San
Antonio. Please visit www.valero.com for more
information.
Valero Contacts
Investors:
John Locke, Executive Director –
Investor Relations, 210-345-3077
Karen Ngo, Manager – Investor
Relations, 210-345-4574
Media:
Bill Day, Vice President –
Communications, 210-345-2928
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SOURCE Valero Energy Corporation