Summary
Valero Energy Corporation (VLO) announced a key leadership transition effective May 3, 2018. Michael S. Ciskowski will retire as Executive Vice President and Chief Financial Officer (CFO), concluding a significant tenure with the company. This leadership change marks a strategic move for Valero as it navigates future financial operations. The board of directors has appointed Donna M. Titzman, currently Senior Vice President and Treasurer, to succeed Mr. Ciskowski as the new Executive Vice President and CFO. Ms. Titzman brings extensive experience, with 32 years at Valero, holding various critical financial roles including Treasurer and Senior Vice President and Treasurer. Her long-standing history and deep understanding of Valero's financial intricacies, including banking, cash management, and risk management, position her well for this elevated responsibility. Investors should note her CPA certification and her concurrent roles within Valero Energy Partners LP, suggesting a continued focus on financial oversight and strategic capital management.
Key Highlights
- 1Effective May 3, 2018, Michael S. Ciskowski is retiring as Executive Vice President and Chief Financial Officer (CFO).
- 2Donna M. Titzman has been appointed as the successor CFO, also effective May 3, 2018.
- 3Ms. Titzman has 32 years of experience within Valero Energy Corporation.
- 4Her prior roles include Senior Vice President and Treasurer, with responsibilities in banking, cash management, investment, and risk management.
- 5Ms. Titzman has been a key figure in Valero's financial operations since joining in 1986.
- 6She also holds leadership positions within Valero Energy Partners GP LLC, the general partner of Valero Energy Partners LP.
- 7Ms. Titzman is a Certified Public Accountant (CPA).