March 30, 2010 at 11:14 am #2726
Tesoro to Name New Chief Executive (COP SrVP)
HOUSTON March 30, 2010 WSJ Independent refiner Tesoro Corp. will soon name a senior vice president of ConocoPhillips Corp. as its new chief executive, according to people familiar with the matter.
The announcement that Senior Vice President, Commercial Greg Goff will take the helm of San Antonio, Texas-based Tesoro is expected this week, those people said.
Mr. Goff declined to comment through his receptionist and she referred all calls to Conoco’s public-relations department. Calls and emails to the representatives in the department weren’t immediately returned.
Mr. Goff is the latest of several executives to leave the Houston-based Conoco, which is undergoing a major restructuring, including the sale of $10 billion in assets. Like other refiners, Tesoro has been struggling with its profit margins because of the relatively high cost of oil and low demand for fuel.
In November, Tesoro’s chief executive Bruce Smith disclosed that he would retire once a successor for his company was found. Another of the company’s executives, William Finnerty, the vice president of strategy and corporate development, plans to leave March 31, according to a filing with the Securities and Exchange made last week.
Mr. Goff joined Conoco in 1981 and has worked in refining and marketing and exploration-and-production at the company. In 2002, he became the president of Conoco’s Europe and Asian-Pacific refining and marketing activities, according to the company’s Web site. Two years later, he was named president of the company’s U.S. lower 48 and Latin America exploration and production business. In 2006, Mr. Goff became president, specialty businesses and business development.
Isabel Ordonez in Houston contributed to this article.
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