William E. Greehey is a former CEO of Valero Energy Corporation, a major player in the oil refining industry. He became CEO on December 31, 2005, after a strong background with the company, having served as Chairman of the Board...

William E. Greehey is a former CEO of Valero Energy Corporation, a major player in the oil refining industry. He became CEO on December 31, 2005, after a strong background with the company, having served as Chairman of the Board and held various roles since its acquisition of Ultramar Diamond Shamrock in 2001. Greehey had a significant impact on the company's strategic decisions which led to important growth phases. During his last year as CEO, he earned a total compensation of $10 million, which included a $1.4 million salary and a $3.5 million bonus based on company performance. This performance-based pay model aligns executive compensation with company results, emphasizing value generation for shareholders. His experience in the refining sector and his leadership helped steer Valero to be one of the largest independent refiners in the U.S., operating 15 refineries and numerous ethanol plants. Even after stepping down as CEO, he remained influential as Chairman of the Board until January 2007, showcasing his deep commitment to the company’s success.

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1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Valero Energy CEOs

V

William E. Greehey

Ex-CEO of Valero Energy

Education

Not specified

Field of Expertise

Business & Management

Sector of Economy

Energy

Born

January 1, 1946 - 79 years ago

CEO of Valero Energy for

0 years 11 months (Jan 2005 - Dec 2005)

Previous Experience

Chief Executive Officer and Chairman of the Board of Valero Energy Corporation

Rivals

Competitors/colleagues of William E. Greehey

P

Mark E. Lashier

CEO of Phillips 66

2023 Compensation

Stock

$14.20M

Salary

$1.58M

Bonus

$4.04M

Other

$755.06K

Total Holdings

$12.06M

E

Ezra Y. Yacob

CEO of EOG Resources

2023 Compensation

Stock

$0.00

Salary

$1.17M

Bonus

$2.52M

Other

$373.14K

Total Holdings

$22.37M

C

David L. Lamp

CEO of CVR Energy

2022 Compensation

Stock

$0.00

Salary

$1.10M

Bonus

$0.00

Other

$26.31K

Total Holdings

$1.85M

P

Matthew Lucey

CEO of PBF Energy

2023 Compensation

Stock

$2.99M

Salary

$990.00K

Bonus

$2.83M

Other

$556.35K

Total Holdings

$7.83M

M

R. Andrew Clyde

Founder and CEO of Murphy USA

2023 Compensation

Stock

$12.53M

Salary

$1.27M

Bonus

$2.43M

Other

$398.23K

Total Holdings

$96.74M

P

William Monteleone

CEO of Par Pacific Holdings, Inc.

2015 Compensation

Stock

$150.00K

Salary

$350.00K

Bonus

$0.00

Other

$21.38K

Total Holdings

$4.66M

Holdings

See how much did William E. Greehey make over time.

William E. Greehey's holdings reflect a strong stake in Valero Energy Corporation. By the end of his tenure as CEO in December 2005, he had built a significant portfolio, with around 1.2 million shares valued at nearly $35 million at...

William E. Greehey's holdings reflect a strong stake in Valero Energy Corporation. By the end of his tenure as CEO in December 2005, he had built a significant portfolio, with around 1.2 million shares valued at nearly $35 million at the time of retirement. His holding represented a considerable portion of his wealth, demonstrating his belief in the company's prospects. Greehey's shares were significantly vested and formed the bulk of his long-term investment strategy. Notably, the performance shares he was granted were set to vest based on the company's strong performance metrics, further tying his financial success to Valero's achievements in the refining industry.

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Insider Trading

See recent insider trades of William E. Greehey.

No insider trades found for this CEO.

Compensation History

See how much did William E. Greehey make over time.

In 2005, William E. Greehey earned a total compensation package of $10 million as the CEO of Valero Energy Corporation. His compensation included a base salary of $1.4 million and a substantial bonus of $3.5 million, which was tied to specific performance metrics set by the company’s board. This performance-based structure indicates that a significant portion of his pay aimed to motivate high achievement and shareholder returns. Greehey did not receive any stock options that vested during this year but was awarded 110,000 performance shares, which were dependent on future company performance. The strategic focus on aligning pay with performance reflects Valero’s compensation philosophy, aiming to reward executive efforts that create value for the company and its shareholders. This clear relationship between executive pay and company results set a standard in the industry for performance-driven compensation.

Year

2005

Total Compensation

$10.77M

Salary

$1.40M

Board Justification

Valero's compensation philosophy emphasizes performance-based pay, aligning executive compensation with company performance and market benchmarks.

Bonus

$3.50M

Board Justification

Annual incentive bonus based on company performance metrics, approved by the Compensation Committee.

Other

$5.87M

Board Justification

Includes various forms of compensation such as retirement benefits, insurance premiums, and contributions to retirement plans.

Restricted Stock

$0.00(0 Performance Shares)

Board Justification

No stock grants vested in 2005; performance shares subject to vesting based on 2005 performance vested in January 2006 at 150% of target.

Performance Metrics

Earnings per share, total shareholder return, and return on investment compared to peer group.

Other Valero Energy CEOs

Here are other CEOs of Valero Energy

William R. Klesse

Ex-CEO of Valero Energy

December 2005 - May 2014