Valero announces CFO transition: Jason Fraser to retire Dec 31, Homer Bhullar to become CFO on Jan 1, 2026

VALERO ENERGY CORP/TX

Jason Fraser to retire as EVP and CFO on Dec 31, 2025; will remain as employee into Q1 2026.
Homer Bhullar, VP-Investor Relations and Finance, appointed SVP and CFO effective Jan 1, 2026.
Bhullar's base salary increased to $770,000; bonus target 85%; LTI target 350% of base.
Bhullar previously led investor relations and finance since 2021; prior investment banker at J.P. Morgan and Citigroup.

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