Transition in Valero: general counsel to become CFO
Valero Energy announced that its general counsel will become its next chief financial officer. Jason Fraser (pictured), who has served as Valero’s executive vice president and general counsel since January 2019, has been appointed by Valero’s Board of Directors to serve as the Company’s Executive Vice President and Chief Financial Officer, effective July 15, 2020.
Mr. Fraser will succeed Donna Titzman, who will remain as Executive Vice President and Chief Financial Officer until her retirement from the position on the same date, and will continue with the Company for a transitional period thereafter. Titzman joined the company in 1986 as an accountant and became CFO in 2018.
At the same time, deputy general counsel Richard Walsh has been promoted to general counsel. «We are extremely excited to have Jason move into the CFO role with Rich taking on the General Counsel position, and are confident in their ability to help Valero execute on its strategic objectives and ensure its continued financial strength», Joe Gorder, Valero’s chairman and CEO, said.
«The capital discipline that has been a constant in Valero’s strategy, including the prudent management of our strong balance sheet and delivering on our commitment to stockholders, will remain an uncompromising priority while we proactively address the uncertainties that we face in the current environment», Fraser commented.
Fraser has served as the company’s general counsel since January 2019. He joined Valero in 1999 as managing counsel. Before becoming general counsel he served as president of the company’s European commercial operations and vice president of specialty products marketing. He has also held roles as an associate at Jackson Walker and Kelly Hart & Hallman.