Our succession plan has been in place for some time and the Board and I are confident that Lane is the right person to serve as Chairman and lead the Board as it continues to guide Valero's success." "Working with Joe has been an honor and I would like to thank him for his leadership, guidance and friendship. The tenet's of Valero's strategy that have been in place for nearly a decade under Joe's leadership will remain a constant and continue to position us well for the future as we continue to build upon the great legacy that he's left," said Riggs. About Valero Valero Energy Corporation, through its subsidiaries (collectively, Valero), is a multinational manufacturer and marketer of petroleum-based and low-carbon liquid transportation fuels and petrochemical products, and it sells its products primarily in the United States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America.