Robert L. Reymond
VALERO ENERGY CORP/TXAbout Robert L. Reymond
Independent director appointed to Valero’s Board on September 18, 2025, and immediately assigned to the Nominating and Corporate Governance Committee. Most recently COO of the Energy Group and a board member at Burns & McDonnell (private), with extensive execution across refining, low‑carbon fuels, midstream/logistics, chemicals, and power; B.S. Mechanical Engineering (University of Missouri) and former officer in the U.S. Navy nuclear power program . Initial beneficial ownership reported via Form 3 indicated 450.85 common shares held directly .
Past Roles
| Organization | Role | Tenure | Committees/Impact | Source |
|---|---|---|---|---|
| Burns & McDonnell, Inc. (private) | COO, Energy Group; Board member | Not disclosed | Oversaw oil, gas & chemicals and power businesses; founded nuclear business | |
| United States Navy | Officer, nuclear power program | Not disclosed | Nuclear operations expertise |
External Roles
| Organization | Role | Type | Source |
|---|---|---|---|
| Burns & McDonnell, Inc. | Board member | Private (engineering, construction, consulting) |
Board Governance
- Committee assignment: Nominating and Corporate Governance Committee, effective September 18, 2025 .
- Independence: Elected as an independent director; Valero committees are fully independent and related‑party transactions are reviewed by the Nominating and Corporate Governance Committee .
- Director ownership policy: Non‑employee directors must hold ≥5x annual cash retainer; compliance window is 5 years .
- Hedging/pledging: Directors are prohibited from hedging or pledging Valero stock .
- Board engagement context: In 2024, Board meetings attendance was 100% and committee attendance averaged ~96% (aggregate); he was appointed after that period .
Fixed Compensation
| Component | Amount/Detail | Source |
|---|---|---|
| Annual cash retainer (standard) | $130,000 | |
| Pro‑rata cash retainer for initial service (Sept 18, 2025 → expected 2026 AGM) | $97,500 | |
| Director equity (standard) | Annual stock units valued at $200,000; vest at next AGM | |
| Pro‑rata equity grant at election | 924 stock units; vest in full on first anniversary of grant | |
| Meeting fees | None (retainer model) |
Performance Compensation
| Metric/Instrument | Terms | Vesting/Conditions | Source |
|---|---|---|---|
| Stock units (pro‑rata grant) | 924 units | Vest on first anniversary of grant; time‑based, no performance condition | |
| Dividend equivalents on stock units | Cash paid at vest/holding expiration equal to cumulative dividends on underlying units | Per program; applies to annual units | |
| Deferral election | Historically not permitted for initial election grants; annual units may elect 1‑year holding period | Program design |
Other Directorships & Interlocks
| Company | Relationship | Interlock/Conflict Notes | Source |
|---|---|---|---|
| Burns & McDonnell | Former executive; board member | Engineering/consulting supplier in energy; any transactions with Valero would be subject to related‑party review by Nominating & Corporate Governance Committee |
- Watch item: Monitor for any Burns & McDonnell engagements with Valero; Valero discloses related‑party transaction reviews under its governance framework .
Expertise & Qualifications
- Energy execution (refining, low‑carbon fuels, midstream/logistics, chemicals, power), complex project delivery, and nuclear operations experience .
- Mechanical engineering education (University of Missouri) and Navy nuclear credentials; deep technical oversight capability .
Equity Ownership
| Category | Detail | Source |
|---|---|---|
| Common shares held | 450.85 (direct) | |
| Unvested stock units | 924 (granted at election; unvested until first anniversary) | |
| Vested stock units | 0 (initial grant vests after one year) | |
| Pledging/Hedging status | Company policy prohibits directors from pledging or hedging Valero stock | |
| Ownership guideline | Must reach ≥5x annual cash retainer; has 5 years to meet threshold |
Insider Trades
| Date | Form | Title of Security | Amount | Ownership Type | Source |
|---|---|---|---|---|---|
| 2025‑09‑22 (event 2025‑09‑18) | Form 3 | Common Stock | 450.85 | Direct (D) |
Governance Assessment
- Strengths: Independent appointment to governance‑focused committee; extensive energy project and low‑carbon fuels background strengthens oversight in strategy, capital allocation, and operational risk .
- Alignment: Equity paid in stock units and stringent director ownership guidelines enhance alignment; prohibition on hedging/pledging reduces misalignment risk .
- Potential conflicts: Prior leadership and board role at Burns & McDonnell (energy EPC) warrant monitoring for supplier relationships; Valero’s related‑party transaction review resides with his assigned committee, which mitigates risk if disclosures occur .
- Attendance/engagement: Newly appointed—no personal attendance data yet; Board historically exhibits high engagement (100% Board; ~96% committees in 2024) .
- Shareholder sentiment context: Strong support for director elections at 2025 AGM (e.g., most nominees >93%); say‑on‑pay approval in 2025 was 74.78% for 2024 NEO compensation, signaling investors scrutinize pay rigor—relevant for governance oversight though not specific to him .