Dan's strong leadership capabilities and extensive industry experience will be a great asset to the company, Goff said. Side view. Eccles: One other specific question: Do we need a carbon tax and, if so, can you see this as ever happening? We know Greg Goff, this will all be orderly.. Every contribution, however large or small, will make a difference. Here's what the data says. The idea has circulated in the Park City area in previous years, but hasnt gained much traction. Eccles: Opinion is all over the map on the SECs climate change reporting proposal. Goff heads ConocoPhillips trading operations as senior vice president of commercial, but has extensive experience in refining and other divisions. Goff: In the U.S., the government needs to develop a framework for change by implementing policies that enhance our competitive position, support innovation, and consider the life cycle impact of policies. Before we dig into these topics, please tell me a bit about your professional career. - ExxonMobil's chief executive defended the company at its annual meeting on May 26, 2021 as the oil giant sought to fend off a major activist challenge over its policies to address climate change. The bonus is to be paid six months after the retention period ended, SEC documents show. 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. Template. Executives. He remembers teaching all the teenagers who worked for him the importance of accepting responsibility. Activist investor Engine No. Tesoro Corporation (NYSE:TSO) announced today that Greg Goff has been elected by the Board of Directors to be the companys new President and Chief Ex The multimillion-dollar pay days for Arab world, Middle East, oil industry. I recently had the pleasure of interviewing Mr. Greg Goff, an experienced oil and gas executive. Tesoro Tesoro Corp. confirmed that its board hired Greg Goff, a senior vice president of ConocoPhillips, to be its president and chief executive, effective May 1. The most recent stock trade was executed by J Scott Horn on 3 July 2020, trading 10,000 units of POL stock currently worth $4,600. Gregory J. Goff - CEO @ Andeavor - Crunchbase Person Profile The largest trade he's ever made was buying 140 units of Polished.com Inc stock on 9 October 2018 worth over $11,131. He proved early on he had the capacity to engage with diverse groups of people. Tesoro Logistics' (TLLP) CEO Greg Goff on Q2 2015 Results "It's not appropriate to talk at this time." Tesoro had been searching for a successor since Smith announced last year that he would retire once a replacement was selected. 1, hes no radical. Tesoro Corporation: A Downstream Monster (NYSE Tesoro said it has hired Greg Goff, a former ConocoPhillips executive, as the companys new president and CEO. He says he is especially appreciative of being able to do them in Utah because his business career keeps him so busy it is hard to find time to fit them into his schedule. And they often had to choose between recreation and their job," he said. Tesoro Goff least the Crimson Tide to a 19341 season before being fired for possibly See here for a complete list of exchanges and delays. New Exxon directors resume bolsters best boast He is also Chairman and Chief Executive Officer of Tesoro Logistics LP. 4. New Exxon directors resume bolsters best boast. With over 10 years experience he's covered businesses, CEOs, and investments. Goff: No problem. One bus tour does not a career make, but the feedback about Goss people management skills came from the union guys themselves. He began his career at Chevron USA in 1970, according to a company biography. 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 From 2010 until Goff sold the company to Marathon for $22 billion in 2018, the He fixed cars, but eventually hired a mechanic while he went back to the university for a Master of Business Administration degree. He was senior vice president at the Houston-based company before joining Tesoro. 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. Smith, 66, will continue as chairman until the companys annual meeting on June 4, when lead director Steven Grapstein will become non-executive chairman. Are you optimistic or pessimistic about the energy transition and ESG in America? In 2018 he was named by the Harvard Business Review as one of the top performing CEOs in the world. His father liked working in sales and, Read More 10 Things You Didnt Know about Ernie Boch Jr.Continue. Luciano Schipelliti is one, Read More Young Entrepreneur to Watch: Luciano SchipellitiContinue, Education is perhaps the most important commodity that anyone can invest in, and it is rewarding on many levels. Eccles: Oil and gas companies are criticized for paying lip service to climate change while lobbying against government policies, perhaps letting the American Petroleum Council doing the dirty work for them. Eccles: Renewable energy is obviously key to the energy transition, and it comes in many forms. Eccles: Im afraid youre right but this spurs one last question and I promise it really is the last one. . Goff: A target is critical, if nothing more than laying a stake in the ground that everyone can work towards. Each donation will be used exclusively for the development and creation of increased news coverage. Portrait, profile, red background. With several decades of experience in the oil industry, the company in a press release said he is well qualified for the position. HOUSTON, March 30 (Reuters) - Tesoro Corp TSO.N on Tuesday named ConocoPhillips COP.N senior vice president Greg Goff to succeed retiring chief executive Bruce Smith. Eccles: What is your sense of urgency on this? San Antonio Current Staff Why do you think thats the case? Shortly after Goff joined Tesoro, he took steps to shore up the company's top management team following a spate of departures in mid-2010. He thinks he can do it," she said. Learn how your comment data is processed. The Jaenschwalde power plant, built by the former East German government in the 1980s, emits 25 million tons of CO2 annually and is among the biggest single producers of CO2 emissions in Europe. "He thinks he can pull them out of it. Greg Goff, Marathon Petroleum Corp: Profile and Biography Gregory Goff has become its CEO, having a tremendous record of success that precedes him. They may have plenty of time to get to know each other. Are You Ready For AI-Driven Radical ESG Transparency? 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. She also covers small business topics and issues. Goff: My pleasure Bob, I have given both topics considerable thought, so I am pleased to share my views. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. Some see them as villains, others see them as under unfairly under siege because they have a critical role to play. Eccles: Greg, thanks for your insights. A Conversation With Greg Goff About The Energy Transition And Andeavor is an oil refinery and logistics corporation that has 10 refineries and employs more than 14,000 people in 18 states west of the Mississippi. An explosion in Washington State killed seven people the most severe in the nation since 2005. Goff: Sure, Bob, happy to chat a bit more and I can guess what you want to talk about! He would later say that Tesoro had been recruiting him for virtually his entire time at Conoco. Eccles: And this naturally takes us to the role of governments. Gregory Goff Net Worth (2023) | wallmine What do they need to do? The Company offers microwave ovens, grills, fridge, dishwashers, dryers, space heaters, furniture, rugs, garbage disposals, lamps, and home improvement products. 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 importance of esg in enterprise management, Why Blowing Up Pipelines Will Not Solve The Climate Crisis. There are 2 older and 14 younger executives at Polished.com Inc. - Greg Goff Catalysts The WTI/Brent spread has rebounded as of late, with Brent appreciating $10+ more than WTI since reaching parity on January 9th, raising refining margins. 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As with many intelligent people, he requires constant challenges to be at his happiest. Goff: G, to me, is about decision making, Decision making by the leadership of a company and the board of directors. Eccles: I hope you dont mind me asking, but what is your political affiliation and how actively do you support your political convictions? As the story goes, his supervisor intentionally put the upcoming white collar Goff on a bus load of union guys truckers and mechanics. WebGreg Goff, Marathon Petroleum Corp: Profile and Biography - Bloomberg Markets Live Now Bloomberg TV+ Bloomberg Markets Americas Bloomberg Markets Americas. 5. 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. Tesoro will assume the $66 million in debt and contribute about $10 million toward working capital, the company said. 10 Things You Didn't Know about Andeavor CEO Gregory Goff He moved up to president and chief executive in 1995, and became chairman as well the next year. However, I believe it is a principle-based approach. 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. His father Calvin had a successful career with General Electric. In addition to having a sense of urgency, it is important there is very well-developed framework to drive change as we decarbonize. Tesoro HOUSTON, March 30 (Reuters) - Tesoro Corp TSO.N on Tuesday named ConocoPhillips COP.N senior vice president Greg Goff to succeed retiring chief executive Bruce Smith. Marathon eventually buckled and agreed to spin off its Speedway gas station chain. In his view, what is important is doing the right thing for the company. 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. Goff made the Harvard Business Reviews 2018 list of the best-performing CEOs in the world. It may have been his confidence in Goss that steered him to believe he knew what he was doing. Eccles: Greg, I know youre a busy guy so thanks for taking the time to talk to me about two issues that are important but controversial: the energy transition and ESG. SAN ANTONIO -- Tesoro Corp. CEO Greg Goff is moving forward with a plan to cut costs at the San Antonio-based refining and marketing company as he works toward presenting a strategic plan, the San Antonio- Express-News reported, citing a conference call Goff had with analysts last week. Catching Up With Sunday, The Green Lawn-Care-In-A-Box Company, IONIQ 6 Makes Hyundai A True Tesla Contender: Test Driven, Companies Must Protect Workers From Heat Stress, Study Warns, McKinsey Predicts Deep Curbs On Car Use, Fall In New Car Sales, Rise Of Micromobility. Within a few years the price would soar to $75 a share. Previous article in series: The Thin Green Line Eccles: At the center of the debate about the energy transition is the role of oil and gas. Goff had risen through the ranks at ConocoPhillips before taking the top job at independent oil refiner Tesoro Corp. in 2010. Goff: My view is that this is the biggest challenge of my lifetime. One last question: You know I think the politicization of ESG is crazy and a lot of political theater. 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. Tenured Harvard Business School professor, now at Oxford University. Gregs wife Sylvia, who could not be reached for this article, lives in Park City full-time with one son currently attending Park City High School. He has not left his alma mater behind. If you reached this page via our site or search, please let us know by emailing, Epsteins Private Calendar Reveals Prominent Names, Including CIA Chief, Goldmans Top Lawyer, The Building Boom Is Prolonging Market Pain, Five Dead, Including Eight-Year-Old, in Texas Shooting, Biden Calls for Release of Jailed Journal Reporter Evan Gershkovich, Dylan Mulvaney Speaks Out Following Bud Light Ad Controversy. Everything from its large number of wide open spaces to the picturesque beauty of the mountains and desert areas, they are things he would have a very hard time giving up. Retired oil-industry CEO Greg J. Goff has put his mansion in San Antonio's exclusive Dominion neighborhood on the sales block for $2.6 million, according to a new real estate listing. Its nice to get a practical view of ESGand from a Republican, no less! Goff: Thank you for the opportunity to engage with you. The purpose was to see how he would handle himself in a situation where everyone around him had a completely different view of the workaday world. Ernies grandfather was the number one Nash dealer in the country, and Ernie was naturally included in the family business. Goff, who joined Tesoro as CEO and president May 1, also is a ConocoPhillips veteran. GOP leaders say ballot shortage was targeted at Republicans. In search of vegan food, I found a world-class Mendocino inn. 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. Prior to joining Marathon, Mr. Goff served as President and Chief Executive Officer of Andeavor from 2010 to 2018, and as Chairman from December 2014 to 2018, of Andeavor (formerly Tesoro Corporation), a leading company in the independent refining and marketing business. Eccles: Related to this, is the Paris Agreement 1.5C target useful from a public policy point of view? I do not have the confidence that they government would tax and redeploy the capital in a way that creates value. I do not believe that we have the luxury of driving change without considering and managing the impacts of change. He offers insights and inspiration to students, and serves on a number of boards and committees. "It taught him more about business than he could have imagined. Mr. Goff is currently a board director at ExxonMobil but for this interview he is speaking strictly in his personal capacity. See if you qualify for a free subscription to our industry leading paper magazine. You may opt-out by. This includes management, employees, and its overall profitability. Smith joined Tesoro in 1992 as chief financial officer. But while Goff will address both issues on behalf of Engine No. 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. 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. WebView the profiles of people named Greg Goff. It was at Tesoro, subsequently renamed Andeavor, that Goff cemented his reputation. This site uses Akismet to reduce spam. We can look at very comprehensively. Vicki Vaughan writes about refining and publicly traded energy companies based in San Antonio. Among the recreational things he likes to Gregory J. Goff serves as Independent Director of the Company. He believes that a CEOs primary responsibility is to take the whole of the company into the equation when making final decisions. 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.
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