Valero Energy Corporation announced that Joseph W. Gorder, Valero's Chairman of the Board, has chosen to retire and has been elected as Executive Chairman of the Board, both effective June 30, 2023. In his new role, Mr. Gorder will lead the Board of Directors, and continue to provide advice and counsel to the CEO and Valero's leadership on Company decisions. R. Lane Riggs, Valero's President and Chief Operating Officer, has been elected to serve as a member of the Board, also effective June 30, 2023.

Mr. Gorder has led Valero as CEO since May 1, 2014, and has served as Chairman of the Board since December 31, 2014.