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Oil Refiner Valero Energy Promotes General Counsel to CFO

June 22, 2020, 10:56 AM

Valero Energy Corp., one of the world’s largest oil refiners, will promote its top lawyer July 15 to chief financial officer. Jason Fraser, a legal department veteran at Valero, will succeed CFO Donna Titzman once she retires next month, the San Antonio-based company said June 19.

Rose Through Ranks: Titzman joined Valero as an accountant in 1986 and has served as CFO since May 2018. Valero said Richard Walsh, vice president and deputy general counsel for litigation and regulatory law, will take over as general counsel from Fraser, who’s served in that role since January 2019.

Industry Turmoil: Valero is the latest in a string of energy companies to announce changes in its law department leadership amid economic turmoil in the oil and gas space. Valero also isn’t alone in promoting its top lawyer to financial chief. Brian Baxter reports.


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To contact the reporter on this story: John Nancarrow in Washington at

To contact the editors responsible for this story: Seth Stern at