Valero Energy (VLO) Announces CEO Transition

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Valero Announces CEO Transition Plan

May 9, 2023 6:33 AM EDT

Joseph W. Gorder to Retire as CEO; Will Remain as Executive Chairman

R. Lane Riggs to Assume CEO Position and Become Director

SAN ANTONIO--(BUSINESS WIRE)-- Valero Energy Corporation (NYSE: VLO, Valero) announced today that Joseph W. Gorder, Valeros Chief Executive Officer and Chairman of the Board, has chosen to retire as CEO and has been elected as Executive Chairman of the Board, both effective June 30, 2023. In his new role, Mr. Gorder will lead the Board of Directors, and continue to provide advice and counsel to the CEO and... More