Valero promotes a new president; Gorder remains as CEO

Valero Energy Corp. CEO Joe Gorder is no longer also president of the San Antonio refiner, having handed the title over to a long-time Valero employee on Friday.

Lane Riggs, formerly executive vice president and chief operating officer, was promoted Friday to company president. He will retain his position as chief operating officer, a role he has held since 2018.

Riggs has worked with Valero (NYSE: VLO) since 1989 and as an officer since 2011. The title of president is intended to reflect Riggs’…

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