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Individual Organizational Structure Paper

Autor:   •  September 21, 2013  •  Research Paper  •  1,056 Words (5 Pages)  •  1,458 Views

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Individual Organizational Structure Paper

No business can succeed without a developed organizational structure. This vital asset allows the organization to communicate between the different sections within that organization. The organization structure has many sections, each designated to accomplish a specific work task that required when performing assigned duties, each section contributing to the organization's mission. Without coordination and control of each section, an organization will not survive. The following will illustrate Valero Energy Corporation's organizational structure, and compare and contrast with two of its biggest competitors, Exxon Mobil Corporation and Chevron Corporation.

Valero Energy Corporation founded in 1980 as a corporate successor of LoVaca Gathering Company, based in San Antonio, Texas. Valero engages in refining and marketing of petroleum products. Refining, retail, and ethanol are the company's three main business segments. Valero Energy owns and operates 16 refineries in the United States, Canada, and in the Caribbean islands. Valero also owns 10 ethanol plants in the Midwest. Today this company produces approximately three million barrels of petroleum products per day, emerging as the largest refinery company in North America. Valero Energy with a steady growth, emerged as a small company in a very tough petroleum market, thus becoming a very competitive corporate global company (Company History, 2013).

In 2011, Valero expanded into Western Europe's market by purchasing four major pipelines and 11 fuel terminals, and a network of 1000 Texaco wholesale sites. Valero Energy became the largest branded network dealer in the United Kingdom, and the second largest in Ireland. This move into Western Europe raised the company's retail and branded wholesale sites to 6800, operating under the brand names of Valero, Beacon, Diamond Shamrock, and Ultramar (Company History, 2013). This company ranked sixth of 68 gas and oil refinery, and marketing companies, and currently ranked ninth in the Fortune 500 list of top businesses in the United States. Valero Energy Corporation made the list every year since 2000 that first ranked the company at 93. Currently, the company has approximately 21,000 employees and annual revenue of $33.7 billion.

The organizational structure of Valero Energy, like most big corporations has a vertical structure. The company has a 12-member board with Chief Executive Officer (CEO) Bill Klesse as board chairperson. The CEO has 10 top-level managers directly beneath him. The top-level managers list as follows: Chief Financial Officer (CFO), Chief Operating Officer (COO), Marketing and Product, Specialty Product, Chief Information Officer (CIO), Development, Ultramar, Legal and Secretary, Human Resources, and Refining Operations Officer. These top Level executive managers are responsible

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