Michael Ciskowski to Retire as Valero Executive Vice President and Chief Financial Officer May 3; Donna Titzman to Assume CF...
February 07 2018 - 1:45PM
Valero Energy Corporation (NYSE:VLO) today announced that Michael
Ciskowski has decided to retire as the Company’s Executive Vice
President and Chief Financial Officer effective May 3, 2018.
Valero’s Board of Directors has elected Donna Titzman,
currently Senior Vice President and Treasurer, as Executive Vice
President and Chief Financial Officer effective as of the same
date.
“On behalf of the Valero Energy Corporation
Board of Directors, we thank Mike for his strong leadership,
dedicated service and significant contributions to Valero’s
success. His wise counsel and sound judgment have been
invaluable. He has been a friend and mentor to many of us and
will be missed greatly,” said Joe Gorder, Valero Chairman,
President and Chief Executive Officer.
Mr. Ciskowski has served in the role of
Executive Vice President and Chief Financial Officer since 2003 and
successfully led the efforts to establish and maintain the
Company’s financial stability and health throughout its journey to
become the industry’s largest independent refiner and its premier
operator. Prior to serving as CFO, he led Valero’s Corporate
Development department and oversaw many of the key acquisitions and
mergers that fueled Valero’s extraordinary growth during the late
1990’s and early 2000’s.
“I’m proud to have been with Valero since 1985.
The company has grown tremendously through the years, and I
am extremely proud to have played a part in building Valero into
the great organization that it is. I believe that Valero is
well positioned, both strategically and financially, to continue to
prosper and lead the industry for years to come,” said Mr.
Ciskowski. “Donna is also very well qualified to assume the
role of Chief Financial Officer. I have known and worked with
Donna for many years and have complete faith in her ability,” he
added.
“While we are certainly sad to see Mike retire,
we are pleased Donna will have the opportunity to step up into the
CFO role. We have an established succession planning process
at Valero, and Donna is very experienced and capable – she will do
a great job,” said Gorder.
Ms. Titzman was elected as Senior Vice President
and Treasurer of Valero in 2013. In this role she has
responsibility for banking, cash management, customer credit,
investment management, and risk management. Ms. Titzman is a
Certified Public Accountant and joined Valero in 1986. She
held various leadership positions before being elected as Assistant
Treasurer in 1997, Treasurer in 1998, and Vice President and
Treasurer in 2001. Her 32 years of accounting and finance
experience with Valero have well prepared her for this critical
role. She has also served as a Director and as the Chief
Financial Officer of Valero Energy Partners (NYSE:VLP) since
September 2013. She helped lead the initial public offering
of VLP and the financing of its growth strategy for the past four
years.
About ValeroValero Energy
Corporation, through its subsidiaries, is an international
manufacturer and marketer of transportation fuels and other
petrochemical products. Valero, a Fortune 50 company
based in San Antonio, Texas, with approximately
10,000 employees, is an independent petroleum refiner and
ethanol producer, and its assets include 15 petroleum
refineries with a combined throughput capacity of approximately
3.1 million barrels per day and 11 ethanol plants with a
combined production capacity of 1.4 billion gallons per
year. The petroleum refineries are located in the United
States (U.S.), Canada and the United Kingdom (U.K.), and the
ethanol plants are located in the Mid-Continent region of the
U.S. In addition, Valero owns the 2 percent general
partner interest and a majority limited partner interest in Valero
Energy Partners LP, a midstream master limited partnership.
Valero sells its products in both the wholesale rack and bulk
markets, and approximately 7,400 outlets carry Valero’s brand
names in the U.S., Canada, the U.K. and Ireland. Please visit
www.valero.com for more information.
Valero ContactsInvestors:John
Locke, Vice President – Investor Relations, 210-345-3077Karen Ngo,
Senior Manager – Investor Relations, 210-345-4574Tom Mahrer,
Manager – Investor Relations, 210-345-1953
Media:Lillian Riojas, Director – Media Relations
and Communications, 210-345-5002
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