Tesoro COO Sets Retirement Date

SAN ANTONIO, Texas -- Tesoro Corp. has begun a search for a new chief operating officer following the announcement that Everett Lewis is retiring March 21.

According to BusinessWeek, Tesoro expects to announce a replacement for Lewis this week. Lewis, who also served as an executive vice president, is entitled to benefits under the company's executive severance and change in control plan.

During his tenure as executive vice president and chief operating officer, Lewis was responsible for Tesoro's Refining, Marketing, Supply and Trading, Logistics and Marine, and Operations Support functions.

Prior to being named to his current position, Lewis served as executive vice president, strategy and asset management. He served as senior vice president, corporate strategic planning during 2004 and senior vice president, planning and optimization from 2003 to 2004. He also served as senior vice president, planning and risk management from 2001 to 2003 and as senior vice president of strategic projects from 1999 to 2001.

Lewis came to Tesoro with an impressive resume in the industry. He started with Chevron USA in 1970 in a range of refinery operations positions, served as vice president, refining, vice president, refining business development, and vice president, supply and trading for BHP, then was responsible for all refining development for Trans-world Oil including grassroots refinery projects in India, South East Asia, the Middle East and China.