Tesoro Continues Expansion
SAN ANTONIO -- As part of its ongoing effort to expand operations on the West Coast, Tesoro Petroleum Corp. said it would build a corporate presence in California by relocating a member of the company's executive team to the Bay Area.
Steve Wormington has been named president, California & Southwest Region. In his new role, Wormington will oversee the day-to-day operations of the company's assets in California, Nevada, Arizona and New Mexico.
In March, Tesoro agreed to buy 70 convenience stores and a refinery in California from Valero Energy Corp. for more than $1 billion. The refinery can process 168,000 barrels of oil per day, which would increase Tesoro's refining capacity by more than 40 percent. The refinery is currently producing about 105,000 barrels per day of gasoline, the company said.
Tesoro operates five U.S. refineries and about 675 c-stores and service stations, including the Tesoro and Mirastar brands.
"Steve has made a tremendous contribution to our refining and marketing operations," said Bruce Smith, chairman, president and CEO of Tesoro. "With our pending acquisition of the Golden Eagle refinery in California, Tesoro expects to see significant growth in this region in the coming years and the addition of this office is an indication of our commitment to the West Coast marketplace."
Wormington previously served as executive vice president of Tesoro Refining and Marketing with responsibility for all supply and distribution activities.
Tesoro announced earlier this month that Bill Haywood, senior vice president of the Golden Eagle refinery, has elected to join the company pending regulatory approval of the acquisition, and will continue his leadership role at the refinery.
Steve Wormington has been named president, California & Southwest Region. In his new role, Wormington will oversee the day-to-day operations of the company's assets in California, Nevada, Arizona and New Mexico.
In March, Tesoro agreed to buy 70 convenience stores and a refinery in California from Valero Energy Corp. for more than $1 billion. The refinery can process 168,000 barrels of oil per day, which would increase Tesoro's refining capacity by more than 40 percent. The refinery is currently producing about 105,000 barrels per day of gasoline, the company said.
Tesoro operates five U.S. refineries and about 675 c-stores and service stations, including the Tesoro and Mirastar brands.
"Steve has made a tremendous contribution to our refining and marketing operations," said Bruce Smith, chairman, president and CEO of Tesoro. "With our pending acquisition of the Golden Eagle refinery in California, Tesoro expects to see significant growth in this region in the coming years and the addition of this office is an indication of our commitment to the West Coast marketplace."
Wormington previously served as executive vice president of Tesoro Refining and Marketing with responsibility for all supply and distribution activities.
Tesoro announced earlier this month that Bill Haywood, senior vice president of the Golden Eagle refinery, has elected to join the company pending regulatory approval of the acquisition, and will continue his leadership role at the refinery.