Gregory J. Goff
About Gregory J. Goff
Independent director of Avient Corporation since 2011; age 68. Founder and CEO of Manifest Energy Transitions Company (since 2024). Former Executive Vice Chairman of Marathon Petroleum (2018–2019), previously President/CEO of Andeavor (2010–2018) and Chairman (2014–2018), and Chairman/CEO of Andeavor Logistics LP (2011–2018). Independence affirmed by the Board; current public company directorships: none as of March 18, 2025 .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Manifest Energy Transitions Company | Founder & CEO | 2024–present | Energy transition investing; private company |
| Marathon Petroleum | Executive Vice Chairman | 2018–2019 | Senior leadership at integrated downstream energy company |
| Andeavor (formerly Tesoro) | President & CEO; Chairman | 2010–2018; 2014–2018 | Led large independent refiner/marketer; strategic and operational leadership |
| Andeavor Logistics LP | Chairman & CEO | 2011–2018 | Oversaw logistics MLP for crude/product assets |
| ConocoPhillips | SVP, Commercial | 2008–2010 | Senior commercial leadership at integrated energy company |
External Roles
| Organization | Role | Status | Tenure/Notes |
|---|---|---|---|
| X-Energy Reactor Company, LLC | Director | Current (non-public) | Ongoing |
| Engine No. 1 | Director | Current (non-public) | Ongoing |
| Exxon Mobil Corporation | Director | Former | Listed among prior directorships by 2025 proxy; current in 2024 proxy |
| Enbridge Inc. | Director | Former | Prior public board |
| Marathon Petroleum Corporation | Director | Former | Prior public board |
| MPLX LP | Director | Former | Prior public board |
| Andeavor Logistics LP | Director | Former | Prior public board |
| Andeavor | Director | Former | Prior public board |
| DCP Midstream GP, LLC | Director | Former | Prior public board |
| QEP Midstream Partners, LP | Director | Former | Prior public board |
| Western Logistics GP LLC | Director | Former | Prior public board |
Board Governance
- Committee assignments: Chair, Environmental, Health & Safety (EH&SC); Member, Governance & Corporate Responsibility (G&CRC) .
- Committee meeting cadence in 2024: Audit 7; Compensation 5; G&CRC 2; EH&SC 2 .
- Independence: Board determined Goff is independent and meets NYSE committee independence standards .
- Attendance and engagement: Board met 6 times in 2024; each director attended at least 75% of meetings of the Board and of committees on which they served; all directors attended the 2024 annual meeting .
- Shareholder support: Re-elected in 2025 with 84,403,408 votes for and 2,244,734 withheld; re-elected in 2024 with 83,637,094 votes for and 2,264,311 withheld .
Fixed Compensation
- Program structure (non-employee directors, 2024):
- Annual retainer: $257,500, split $110,000 cash + $147,500 targeted fully vested common shares (increased equity value to $155,000 starting Q3 2024) .
- Chair retainers (increased starting Q3 2024): Audit $25,000; Compensation $20,000; Governance & Corporate Responsibility $20,000; Environmental, Health & Safety $20,000 .
- Meeting fees: $2,000 cash per unscheduled meeting; $1,000 cash per unscheduled significant telephonic meeting; Non-Executive Chairman additional $130,000 cash retainer .
| 2024 Director Compensation (USD) | Cash Fees | Stock Awards | Total |
|---|---|---|---|
| Gregory J. Goff | $127,500 | $143,324 | $270,824 |
| Notes | Cash includes chair fees prorated by service; stock awards are quarterly fully vested shares | — | — |
| Citations |
- Deferred shares: Goff held no fully vested deferred shares at 2024 year-end .
Performance Compensation
- Directors receive fully vested common shares as part of the annual retainer; Avient discloses no performance-based equity (e.g., PSUs) or stock options for non-employee directors; as of Dec 31, 2023, no outstanding stock options were held by non-employee directors .
Other Directorships & Interlocks
- Current public boards: none (reduces risk of interlocks with AVNT’s peer/supplier/customer ecosystem) .
- Related-person transactions: None reported for 2024 (Board-level oversight via the Related Person Transactions Policy; Audit Committee pre-approval) .
Expertise & Qualifications
- Deep energy industry and specialty chemicals experience; extensive international operating leadership across Europe, Asia, and Latin America .
- Governance experience and committee leadership at AVNT (EH&SC Chair; G&CRC member) .
Equity Ownership
| Beneficial Ownership (as of Feb 28, 2025) | Shares | % of Class | Deferred Shares |
|---|---|---|---|
| Gregory J. Goff | 48,731 | <1% | — |
| Citations |
- Director stock ownership guidelines: minimum 12,500 shares within five years of onboarding; retention requirement to hold 100% of shares obtained through AVNT until guideline met. Company reports all directors either meet or are on track to meet the guidelines as of the proxy date .
Governance Assessment
- Board effectiveness: Goff chairs EH&SC (oversight of safety, health, environmental, physical security, product stewardship; climate risk monitoring systems) and serves on G&CRC (ESG and governance oversight integrated into business strategy), reinforcing robust risk oversight and ESG governance .
- Independence and conflicts: Independence affirmed; no related-person transactions in 2024; director elections show strong shareholder support in 2024 and 2025, reinforcing confidence .
- Alignment and incentives: Director pay mixes cash and equity with emphasis on fully vested shares; equity retainer increased in 2024 to stay market-aligned; robust ownership guidelines promote alignment; Goff’s actual 2024 compensation reflects chair responsibilities without performance-based incentives that could misalign oversight with risk-taking .
- Shareholder signals: Say-on-pay advisory approvals showed strong support—2024 say-on-pay passed with high support; 2025 say-on-pay approved 80,322,583 For vs 6,185,143 Against, indicating continued investor confidence in AVNT’s compensation governance .
RED FLAGS: None disclosed specific to Goff—no related-party transactions; independence affirmed; attendance thresholds met; no pledging/hedging disclosures noted for directors (company prohibits hedging/pledging for NEOs; director policy centers on ownership/retention) .