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Bill Klesse

Valero CEO Bill Klesse Stepping Down

Valero Energy (NYSE:VLO) said Monday it is splitting the roles of chief executive and chairman, with CEO Bill Klesse planning to step down on May 1.Current chief operating officer and president Joe Gorder will take over as CEO and immediately join the board as a director. Klesse, 67, will remain chairman.Klesse, who has spent his entire 45-year career with Valero and its predecessor companies, became CEO in 2005 and chairman in 2007.Gorder, 56, is also a company veteran of 27 years. He has been CEO since 2012 and previously served stints as executive vice president at Valero and president of the company's European unit."Joe has long played a vital role in developing and implementing our strategies as a key member of Valero's executive team," Klesse said. "Our succession plan has been in place for some time and has progressed as planned with the complete involvement and support of the Board of Directors."San Antonio-based Valero, the world's largest independent refining company, has mad...

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  2. Valero Names Executive VP Joe Gorder as Company President

    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 ch...

  3. Valero Energy 3rd-Quarter Net Drops 44% on One-Time Charges

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  5. Hurricane Isaac Slightly Delays Valero Hydrocracker Project

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  6. Valero to Convert Aruba Refinery Into Terminal

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  7. Valero Posts Loss After Write-Downs

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  8. Valero CEO: Still Too Much Refining Capacity In US, Western Europe

    Valero Energy Corp.(VLO) said it expects more refining capacity to come offline because of weakening fuel demand, even after a number of refinery closures in the U.S...

  9. Valero Energy Swings To 4Q Net On Gain; Margins Fall

    Valero Energy Corp.'s (VLO) fourth-quarter earnings swung to a profit on an end-of-year inventory reduction, but profit margins for the fuel maker were squeezed by h...

  10. Stronger Margins Send Valero's 3Q Net Surging

    Valero (NYSE:VLO) quadrupled its third-quarter net income and beat Wall Street ’s expectations on Tuesday as the energy company benefited from higher profit margins ...

  11. Valero Cuts 4Q Loss As Refining Margins, Revenue Improve

    HOUSTON -(Dow Jones)- Valero Energy Corp. (VLO) posted a $438 million loss in the fourth quarter as charges incurred from the sale of its refineries offset higher re...

  12. Valero Energy 4Q Loss Improves on Economic Recovery

    Valero Energy (NYSE:VLO) reported on Wednesday a narrowed fourth-quarter loss, as a rebounding economy helped the company rediscover impressive margins.The San Anton...

  1. Valero 3Q Net Tumbles 54% on Weaker Refining Margins

    Valero Energy (NYSE:VLO) said Tuesday its third-quarter profit fell 54%, as weaker refining margins and higher costs overshadowed revenue growth.The world's largest ...

  2. Analysis: U.S. fuel export surge gives refiners surprise summer blockbuster

    In the middle of July, U.S. refiners are normally doing a brisk business selling their fuel close to home, revving up output to meet peak driving demand.This year, h...

  3. Booming North American Oil Supply Boosts U.S. Refiners' Profits

    A growing influx of cheap, North American-produced oil once again lifted the profits of refiners Valero Energy Corp. (VLO) and Marathon Petroleum Corp. (MPC), as the...

  4. Valero Energy Swings to 1st-Quarter Profit as Margins Improve

    Valero Energy Corp. (VLO) swung to a first-quarter profit as the refiner continued to benefit from increased use of cheap, domestically produced oil.Valero and other...

  5. Valero Swings to 1Q Profit

    Valero Energy (NYSE:VLO) turned a profit in the first quarter, as the refining company continued to benefit from the use of cheaper, domestically produced oil.The bo...

  6. Valero Planning to Hold on to Two California Refineries -CEO

    Valero Energy Corp. (VLO) won't try to sell its two California refineries, but will instead attempt to bring in low-priced, domestically-produced crude to make them ...

  7. Valero to Send Crude to Canadian Refinery This Summer

    Valero Energy Corp. (VLO) will begin exporting crude oil from Texas to its refinery in Quebec this summer, Chief Executive Bill Klesse told analysts at a conference ...

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