Fuels

Executive Decisions

Tesoro, Chevron and ConocoPhillips see changes in management roles
SAN ANTONIO & SAN RAMON, Calif. -- Two major refiners with retail operations are expected to announce executive changes in coming weeks. Tesoro Corp. is expected to name Gregory Goff, currently a senior vice president of ConocoPhillips, to succeed retiring CEO Bruce Smith. Meanwhile, Chevron Corp. has named a new head for its U.S. retail operations.

At Chevron, Danny Roden, formerly marketing vice president for the Americas for Chevron, is now president of Chevron Lubricants, and Dale Walsh was named president of Chevron Products, Americas. Meanwhile, Mark Nelson is [image-nocss] the president of Chevron Products, International.

A Chevron spokesperson said the company has not formally announced the leadership changes, and could not provide details of why the changes were made.

In his previous position, Roden oversaw Chevron's development and franchising of its ExtraMile stores.

Walsh, meanwhile, was most recent president of lubricants, which he assumed in October 2006. In that role, he was responsible for the manufacturing, blending, sales and marketing of base oils, lubricants and coolants to end-use consumers and commercial and industrial customers worldwide.

Walsh began his career with Chevron, however, in the U.S. marketing organization in La Habra, Calif., according to a biography provided to CSP Daily News by the company. He quickly progressed through a variety of positions in retail sales, including three years in Honolulu.

He was transferred to San Francisco in 1990 as the assistant to the general sales manager. He continued to advance through several other national roles including the manager of brand strategy, general manager of retail development, and general manager of brand development.

In 2000, Walsh was named general manager of retail marketing for the Chevron Products Co., and in 2003 assumed the role of vice president of Latin America, Global Marketing in Coral Gables, Fla. In this role, he was responsible for all activities related to building a competitive, value-creating, best-in-class fuel and convenience retail business.

The shift at Chevron comes two months after the company announced it would cut more than 20% of its staff from its crude-oil refining and marketing business, as previously reported in CSP Daily News.

About 2,000 workers were laid off in 2009, and just as many were slated to go this year. The layoffs, spurred by a decline in fuel demand, are expected to continue in 2011.

Meanwhile, people familiar with the search for a new CEO for Tesoro told Bloomberg News the company will announce the hiring of Goff soon.

In August 2009, San Antonio-based Tesoro extended Smith's contract until Dec. 31, 2011, to give him time to search for a successor. The company said at the time that Smith would continue to serve as non-executive chairman for up to one year after his successor was named, for an annual $1 fee.

Goff has been with ConocoPhillips and its predecessors since 1981. He's held positions that included managing the Houston-based company's refining and marketing activities in Europe and Asia Pacific. In his current post, Goff is responsible for the company's supply and trading, according to a biography on the ConocoPhillips Web site, Bloomberg reported. Goff and a ConocoPhillips spokesman did not return a call for comment at press time.

Tesoro has searched more than seven months for a new CEO, considering both internal and external candidates, Bloomberg reported. Last week, COO Bill Finnerty announced his retirement from the company. Finnerty's decision to leave indicated Tesoro had decided on an external successor, according to a note sent to clients by Ann Kohler, an analyst at Caris & Co. in New York.

Tesoro's chief financial officer, Greg Wright, is slated to retire Nov. 1. A new CFO is expected to be announced after the chief executive officer is in place.

For ConocoPhillips, the loss of Goff would be the latest management change for company, which is the third-largest U.S. oil company behind Exxon Mobil Corp. and Chevron Corp.

ConocoPhillips announced in May 2009 that Jim Gallogly, executive vice president of exploration and production, would retire and become chief executive officer of LyondellBasell Industries. The company also said in October 2007 that Randy Limbacher, president of exploration and production in the Americas, decided to leave the company.

"There's definitely been more turnover in general at Conoco than the other companies in their peer group," said Philip Weiss, an analyst at Argus Research in New York, according to Bloomberg.

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