Valero Energy CEO Bill Klesse To Resign, Effective May 1 - Quick Facts

(RTTNews) - Valero Energy Corp.'s (VLO) Chief Executive, Bill Klesse, has chosen to step down with effect from May 1. He would remain a Valero director and Chairman of the board.

Joe Gorder, who was appointed as Valero's President and Chief Operating Officer in 2012, was elected to the CEO role, effective May 1 and has also been elected a director by the board. Gorder would join Valero's board immediately.

Klesse became CEO in 2005 and was named Board Chairman in 2007. He has spent his entire 45-year career with Valero and its predecessor companies.

Further to his current position, Gorder previously held roles at Valero including Executive Vice President, Chief Commercial Officer and President of Valero Europe; Executive Vice President-Marketing and Supply; and Senior Vice President for Corporate Development and Strategic Planning. Joe has been with Valero and its predecessors for 27 years.