Management ChangeSep 18, 2026, 08:49 AM
Valero Energy Elects Matthew Audette to Board of Directors
AI Summary
Valero Energy Corporation announced the election of Matthew Audette to its Board of Directors, effective September 17, 2026. The board size was increased to 11 members, and Mr. Audette was appointed to the Audit Committee. He will receive pro-rata compensation for his service. Additionally, the company announced a modest increase of $10,000 to both the annual cash retainer and equity grant components of its non-employee director compensation program, effective in 2027.
Key Highlights
- Matthew Audette elected to Valero's Board of Directors, increasing its size to 11 members.
- Matthew Audette appointed to the Board's Audit Committee.
- Matthew Audette to receive pro-rata compensation, including a $101,667 cash retainer and 372 stock units.
- Annual cash retainer and equity grant components of non-employee director compensation program to increase by $10,000 starting in 2027.
Price Impact
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