R. Lane Riggs is the CEO and President of Valero Energy Corporation, stepping into the role in 2023 after serving as the President and Chief Operating Officer. He has a solid track record of working on major projects, especially in...
R. Lane Riggs is the CEO and President of Valero Energy Corporation, stepping into the role in 2023 after serving as the President and Chief Operating Officer. He has a solid track record of working on major projects, especially in the area of low-carbon fuels, showing a real commitment to renewable energy. Riggs's leadership style is all about setting clear performance goals that encourage efficiency and sustainability at Valero. In his first year as CEO, he earned $1,840,400, which includes a base salary of $1,425,000 and a bonus target based on Valero’s performance. He is not just focused on profits; he believes in balancing short-term results with long-term stability, which aligns with today's global energy needs while keeping an eye on environmental responsibility. Riggs has a background in refining operations and has previously led Valero’s efforts in Europe, indicating his global perspective on energy challenges. Under his guidance, Valero is pushing harder into green energy, aiming to be a leader in this space.