Valero’s Board of Directors has elected Donna Titzman, currently Senior Vice President and Treasurer, as Executive Vice President and Chief Financial Officer effective May 3rd following the announcement that the current Executive Vice President and Chief Financial Officer, Michael Ciskowski has decided to retire.

Valero Chairman, President and Chief Executive Officer, Joe Gorder said: “On behalf of the Valero Energy Corporation Board of Directors, we thank Mike for his strong leadership, dedicated service and significant contributions to Valero’s success. His wise counsel and sound judgment have been invaluable. He has been a friend and mentor to many of us and will be missed greatly.”

Michael has served in the role of Executive Vice President and Chief Financial Officer since 2003 and successfully led the efforts to establish and maintain the company’s financial stability and health throughout its journey to become the industry’s largest independent refiner and its premier operator. Prior to serving as CFO, he led Valero’s Corporate Development department and oversaw many of the key acquisitions and mergers that fuelled Valero’s extraordinary growth during the late 1990s and early 2000s. 

Michael said: “I’m proud to have been with Valero since 1985.  The company has grown tremendously through the years, and I am extremely proud to have played a part in building Valero into the great organization that it is.  I believe that Valero is well positioned, both strategically and financially, to continue to prosper and lead the industry for years to come. Donna is also very well qualified to assume the role of Chief Financial Officer. I have known and worked with Donna for many years and have complete faith in her ability.”

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13th Feb 2018

13th February 2018