Valero CTO to retire; Board adds $2.5B buyback authorization

VALERO ENERGY CORP/TX

Cheryl L. Thomas, SVP & CTO, plans to retire on or about Jan 2, 2024; will help transition duties internally.
Board authorized new $2.5B share repurchase program with no expiration, supplementing existing $2.5B authorization from Feb 2023.
Combined remaining repurchase capacity now up to $5.0B, signaling strong capital return intent.

item 5.02 item 7.01

Executive movements

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Departed

Cheryl L. Thomas

Senior Vice President and Chief Technology Officer

VLO · VALERO ENERGY CORP/TX

Effective: 2024-01-02
Filed: September 15, 2023, 7:59 PM ET

On September 11, 2023, Cheryl L. Thomas, age 62, and Senior Vice President and Chief Technology Officer of Valero Energy Corporation (“Valero”), informed Valero that she intends to retire on or about January 2, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Cheryl L. Thomas departed as Senior Vice President and Chief Technology Officer at VALERO ENERGY CORP/TX.

Action: retire
Role: Senior Vice President and Chief Technology Officer

Exact text from the filing

On September 11, 2023, Cheryl L. Thomas, age 62, and Senior Vice President and Chief Technology Officer of Valero Energy Corporation (“Valero”), informed Valero that she intends to retire on or about January 2, 2024.

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VALERO ENERGY CORP/TX filing history →

Source: SEC EDGAR

accession 0001193125-23-236169

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