Valero Energy Corporation (NYSE: VLO) announced today that Robert A. Profusek, a partner in the New York office of internationally recognized law firm Jones Day, has been elected to the company’s board of directors. Profusek, who becomes Valero’s 10th board member, will serve on the board’s Nominating/Governance and Compensation committees.
Profusek is also a board member at CTS Corp., a NYSE-listed electronic components manufacturer. Prior to his election to the Valero Energy board, he had served as a director of Valero L.P., a master limited partnership of which Valero Energy is the general partner.
“We’re honored that Bob has agreed to serve as one of our directors,” said Valero Chairman and CEO Bill Greehey. “Bob did a great job as a director of Valero L.P., and his background in mergers and acquisitions will now serve Valero well as we continue to grow. He also has a broad knowledge of the issues facing our industry. We’re fortunate to have someone with his experience and integrity on our board.”
Profusek, 55, joined Jones Day in 1975. His law practice focuses on mergers and acquisitions, takeovers, restructurings and corporate governance matters, including compensation. He currently heads the firm’s mergers and acquisitions practice. He is also a frequent speaker regarding corporate takeovers and corporate governance, has authored or co-authored numerous articles, has testified before Congress and the SEC about takeover and compensation-related matters, and has appeared on CNBC, CNN and Bloomberg TV.
About Valero:
Valero Energy Corporation is a Fortune 500 company based in San Antonio, with approximately 22,000 employees and annual revenue of about $70 billion. The company owns and operates 18 refineries throughout the United States, Canada and the Caribbean with a combined throughput capacity of approximately 3.3 million barrels per day, making it the largest refiner in North America. Valero is also one of the nation's largest retail operators with more than 4,700 retail and branded wholesale outlets in the United States, Canada and the Caribbean under various brand names, including Valero, Diamond Shamrock, Ultramar, Shamrock and Beacon. Please visit www.valero.com for more information.