VALERO ENERGY CORP (VLO)
Sector: Energy
Sector: Energy
VALERO ENERGY CORP - Executive Compensation
Chairman, Chief Executive Officer and President
Executive Compensation
R. Lane Riggs serves as the Chief Executive Officer and President of Valero Energy Corp, a leading international manufacturer and marketer of transportation fuels and petrochemical products. Riggs assumed this role in May 2023, bringing with him a wealth of experience in the energy sector. Before joining Valero, Riggs held the position of Executive Vice President and Chief Operating Officer at Andeavor, where he played a pivotal role in the company's operations and strategic initiatives. His career also includes significant tenures at Tesoro Corporation and Koch Industries, where he honed his expertise in refining, logistics, and business development. Throughout his career, Riggs has been recognized for his strategic vision and leadership in driving operational excellence and growth. At Andeavor, he was instrumental in overseeing the company's refining, marketing, and logistics operations, contributing to its successful integration with Marathon Petroleum Corporation. His efforts were crucial in enhancing the company's efficiency and market position. Riggs's deep understanding of the energy industry, combined with his ability to navigate complex market dynamics, has positioned him as a respected leader in the sector. As CEO and President of Valero Energy Corp, Riggs is responsible for guiding the company's overall strategy and operations. His leadership focuses on advancing Valero's commitment to sustainability, operational efficiency, and shareholder value. Under his guidance, Valero continues to invest in renewable diesel production and other sustainable energy solutions, aligning with global trends towards cleaner energy. Riggs's strategic approach and dedication to innovation are expected to steer Valero towards continued success and leadership in the energy industry.