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Latest Bill Klesse Stories

2014-03-03 08:24:26

SAN ANTONIO, March 3, 2014 /PRNewswire/ -- Valero Energy Corporation (NYSE: VLO) announced today that Bill Klesse, 67, has chosen to step down as Chief Executive Officer effective May 1. Klesse will remain a Valero director and Chairman of the Board. Joe Gorder, 56, who was named Valero's President and Chief Operating Officer in 2012, was elected to the role of CEO effective May 1 and has also been elected a director by the Board of Directors. Gorder will join Valero's Board of...

2014-01-24 12:21:15

SAN ANTONIO, Jan. 24, 2014 /PRNewswire/ -- Valero Energy Partners LP (NYSE: VLP), a master limited partnership formed in December 2013 by Valero Energy Corporation ("Valero"), recently appointed two independent members to the board of directors of its general partner. New members Bob Beadle and Tim Fretthold join independent member Randy Larson. The appointment brings the total number of board members to seven, including three independent members. Beadle retired from Valero as a...

2008-10-30 09:00:35

Valero Energy has reported that its income from continuing operations was $1.2 billion or $2.18 per share in the third quarter of 2008, compared to $848 million or $1.34 per share in the third quarter of 2007. The income for the third quarter of 2008 includes the company's pre-tax gain of $305 million on the sale of its Krotz Springs refinery in Louisiana to a subsidiary of Alon USA Energy. Excluding the pre-tax gain, the income for the third quarter of 2008 from continuing operations was...

2008-09-23 12:00:45

Valero Energy Corporation (NYSE: VLO) announced today that Stephen M. Waters, managing partner of Compass Advisers LLP, has been elected to the company's board of directors. Waters, who becomes Valero's 11th board member, will serve on the board's Finance Committee. Waters is also a board member at Boston Private Financial Holdings, the Boston University School of Public Health, the United States Naval Institute and Harvard University's Committee on Student Excellence and Opportunity. He...

2008-07-16 18:00:37

Valero Energy Corporation (NYSE: VLO) today affirmed that it has agreed to participate as a prospective shipper, subject to regulatory approvals, on the 500,000 barrel per day expansion of the Keystone crude oil pipeline system from Western Canada to the U.S. Gulf Coast at Port Arthur, Texas. Earlier today, TransCanada and its partner, ConocoPhillips, announced plans to increase the commercial design of the Keystone pipeline to 1.1 million barrels per day by 2012. In addition to its...

2007-05-02 18:00:35

Valero Energy Corporation (NYSE:VLO) announced today that it has agreed to sell, subject to regulatory approvals, its 165,000 barrel per day refinery in Lima, Ohio to Husky Energy Inc. (TSE:HSE) for $1.9 billion, plus net working capital estimated at $200 million to be valued at closing. The Boards of Directors of both companies have approved the transaction and the sale is expected to close during the second quarter. "We're pleased to have such a high-quality buyer for this facility,"...

2007-04-26 12:12:04

The Valero Energy Corporation (NYSE:VLO) Board of Directors has approved the election of Eric Fisher, currently Valero's Vice President of Investor Relations, to the position of Corporate Vice President-Investor and Corporate Communications. Fisher will report directly to Valero Chairman and CEO Bill Klesse. The promotion became effective upon the board's approval Wednesday. The appointment coincides with Valero's decision to merge its Investor Relations and Corporate Communications...

2006-03-19 23:30:11

SALT LAKE CITY, Utah (Reuters) - The U.S. Environmental Protection Agency (EPA) has indicated it will not issue waivers for clean fuel regulations this summer unless there is a "demonstrated need," the head of the National Petrochemical and Refiners Association (NPRA) said on Sunday. Fuel producers in the United States will need to meet lower sulfur requirements for gasoline and diesel this year. The industry is also phasing out gasoline-additive MTBE, banned in several states...


Word of the Day
tessitura
  • The prevailing range of a vocal or instrumental part, within which most of the tones lie.
This word is Italian in origin and comes from the Latin 'textura,' web, structure.