John G. Drosdick

DEFINITION of 'John G. Drosdick'

A former chairman, CEO and president of petroleum company Sunoco. Drosdick led Sunoco to acquire nearly 300 gas stations and purchase a chemical company and a refinery; the company also shut down several of its facilities during his tenure. Drosdick became Sunoco's chairman, CEO and president in 2000 and he retired at the end of 2008.

BREAKING DOWN 'John G. Drosdick'

Born in 1943 in Pennsylvania, Drosdick earned his master's degree in chemical engineering from the University of Massachusetts in 1968. He began his career as an engineer with Exxon that same year. In 1983 he joined Tosco Corp. as its vice president of refining, eventually becoming CEO and president in 1989. He then worked as president and COO at Ultramar, Sun Company and Sunoco (formerly Sun).

RELATED TERMS
  1. E. Linn Draper Jr.

    A former chairman, CEO and president of Ohio-based public utility ...
  2. Jamie Dimon

    The chairman, CEO and former president of JPMorgan Chase & Co. ...
  3. Thomas J. Engibous

    A former chairman, CEO and president at electronics company Texas ...
  4. Alston D. Correll

    A former CEO and chairman of Atlanta-based paper and building ...
  5. Phil Condit

    A former CEO and chairman of Boeing. Condit is best known for ...
  6. John T. Dillon

    A former president, chairman and CEO of International Paper Co., ...
Related Articles
  1. Managing Wealth

    The Top 4 Oil Companies That Protect the Environment (XOM, SUN)

    Read about some of the most environmentally conscious oil companies that have actual track records of investments in research and cleanup.
  2. Managing Wealth

    America's Top CEOs and Their College Degrees

    You might expect all of America's top CEOs to have a business degree from an Ivy League school, but they hail from a variety of academic backgrounds.
  3. Managing Wealth

    6 Women Who Turned Failing Companies Into Winners

    We list a few notable women who turned around companies that were suffering.
  4. Insights

    The Top 3 Exxon Mobil Shareholders (XOM)

    Learn about the three largest individual shareholders of Exxon Mobil Corporation (NYSE: XOM) stock, and the largest institutional and mutual fund holders.
  5. Markets

    What are the Federal Reserve Chairman's responsibilities?

    Learn about the duties and responsibilities of the chairman of the Federal Reserve Board, including testifying before Congress and as chair of the FOMC.
  6. Markets

    The 5 Highest Paid Executives in the Utilities Sector (D, POM)

    Learn who the top five executives are in the utilities sector and find out who is the highest paid executive of them all and their respective companies.
  7. Markets

    Want a Giant Salary? Here's What to Major In

    The stability, high starting salaries and job growth are just a few reasons why students would be smart to consider studying for work in these two sectors.
  8. Markets

    4 Degrees Most Oil Companies Are Looking For

    Find out which four degrees oil companies want to see on the resumes of new hires, and find out why the industry still pursues these graduates.
  9. Professionals

    The 5 Highest Paid Executives in the Consumers Sectors (LBTYA, CBS)

    Discover who the highest-paid executives in the consumer sectors are and how they reached their positions of power and influence.
  10. Professionals

    Who Are the Brains Behind Facebook?

    These are the top people making Facebook what it is today.
RELATED FAQS
  1. What companies give the purest exposure to the chemicals sector?

    Explore investment opportunities in the chemicals sector, and discover how investors can make pure chemical investments and ... Read Answer >>
  2. What is the difference between a president and a chief executive officer? Can there ...

    In general, the chief executive officer (CEO) is thought of as the highest ranking officer in a company while the president ... Read Answer >>
  3. What countries represent the largest portion of the global chemicals sector?

    Learn more about the chemical industry and the growth of chemical products sales around the world. Find out why companies ... Read Answer >>
  4. What types of risk should an investor consider before investing in the chemicals ...

    Explore the chemicals sector and the risks faced by chemical manufacturing companies. Understand these pressures from an ... Read Answer >>
  5. What makes the chemicals sector attractive to value investors?

    Discover what makes the chemicals industry attractive to value investors. These investors seek to take advantage of wide ... Read Answer >>
  6. What are the most common ETFs that track the chemicals sector?

    Learn more about the chemical industry and opportunities presented to investors by chemical sector ETFs and materials companies ... Read Answer >>
Hot Definitions
  1. Duration

    A measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. ...
  2. Dove

    An economic policy advisor who promotes monetary policies that involve the maintenance of low interest rates, believing that ...
  3. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  4. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  5. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  6. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
Trading Center