Attached files
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| 8-K - FORM 8-K - ANDEAVOR | d78276e8vk.htm |
Exhibit 99.1
Page 1 of 2
Contact:
Investors:
Louie Rubiola, Director, Investor Relations, (210) 626-4355
Louie Rubiola, Director, Investor Relations, (210) 626-4355
Media:
Mike Marcy, Manager of External Affairs, (210) 626-4697
Mike Marcy, Manager of External Affairs, (210) 626-4697
Tesoro Corporation Announces Election of Patrick Y. Yang to Board of Directors
SAN
ANTONIO – December 9, 2010 – Tesoro Corporation (NYSE:TSO) announced today the election
of Patrick Y. Yang, Ph.D., as a new member of the Board of Directors, increasing its size from
eight to nine members.
Mr. Yang, 62, is Head of Global Technical Operations for F. Hoffmann-La Roche Ltd., which
operates in the pharmaceutical and diagnostics industry and sells products in more than 150
countries. He joined Roche in 2009 and is responsible for the company’s pharmaceutical
manufacturing, process development, engineering, quality, regulatory, supply chain and procurement.
“I am very excited about joining the Tesoro Board of Directors,” Mr. Yang said. “It’s evident
there is a strong team spirit and a shared vision to make Tesoro the best company in the refining
industry.”
Before joining Roche, Mr. Yang worked for Genentech, Merck & Co., General Electric and Life
Systems, during which time he developed significant experience with pharmaceuticals manufacturing,
engineering, technology, and supply chain management. He previously served on the board of TaiMed
Biologics.
Page 2 of 2
“We are very fortunate to have Pat on our board,” said Tesoro President and CEO Greg
Goff. “His over 30 years of experience in driving manufacturing excellence will be a great asset to
Tesoro, while his diverse professional background will also bring a valued perspective to the
board.”
Mr. Yang earned a Bachelor of Science in Engineering from the National Chiaotung University in
Taiwan, a Master of Science in Electrical Engineering from the University of Cincinnati and a Ph.D.
in engineering from the Ohio State University.
Tesoro Corporation, a Fortune 150 company, is an independent refiner and marketer of petroleum
products. Tesoro, through its subsidiaries, operates seven refineries in the western United States
with a combined capacity of approximately 665,000 barrels per day. Tesoro’s retail-marketing
system includes over 875 branded retail stations, of which over 380 are company operated under the
Tesoroâ, Shellâ, Mirastarâ and USA Gasoline™ brands.
This press release contains certain statements that are “forward-looking” statements
within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934 concerning the timing of certain transactions and anticipated quantity of
retail stations represented by acquired contracts. For more information concerning factors that
could affect these statements see our annual report on Form 10-K and quarterly reports on Form
10-Q, filed with the Securities and Exchange Commission. We undertake no obligation to publicly
release the result of any revisions to any such forward-looking statements that may be made to
reflect events or circumstances that occur, or which we become aware of, after the date hereof.”
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