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. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
  2. Kenneth I. Chenault

    The chairman and CEO of American Express. Chenault joined the ...
  3. Chairman

    An executive elected by a company's board of directors that is ...
  4. Corporate Headquarters

    A place where a company's executive offices and executives' direct ...
  5. Fortune 500

    An annual list of the 500 largest companies in the United States ...
  6. Corporation

    A legal entity that is separate and distinct from its owners. ...
Related Articles
  1. Fundamental Analysis

    The Basics Of Corporate Structure

    CEOs, CFOs, presidents and vice presidents: learn how to tell the difference.
  2. Insurance

    Evaluating The Board Of Directors

    Corporate structure can tell you a lot about a company's potential. Learn more here.
  3. Markets

    What Investors Can Learn From Insider Trading

    Some insider trading is actually legal - and can be extremely telling for investors.
  4. Personal Finance

    CEO Savvy And Stock's Success Go Hand In Hand

    A CEO shapes the direction a business will take. We provide four clues to help you determine which ones have the right stuff.
  5. Active Trading Fundamentals

    Evaluating A Company's Management

    Financial statements don't tell you everything about a company's health. Investigate the management behind the numbers!
  6. Options & Futures

    A Guide To CEO Compensation

    Make sure you assess whether a CEO has a stake in doing a good job for you, the shareholder.
  7. Options & Futures

    Governance Pays

    Learn about how the way a company keeps its management in check can affect the bottom line.
  8. Stock Analysis

    The Top 5 Oil and Gas Stocks for 2016 (XOM, BP)

    Read detailed analyses of the top five oil and gas stocks, and learn why they may be poised to rise in 2016 after a dismal 2015.
  9. Investing News

    5 Stocks to Buy Before Oil Rebounds

    Here are five oil related stocks that you might want to own before oil rebounds.
  10. Economics

    How Warren Buffett Made Berkshire A Winner

    Berkshire Fine Spinning Associated and Hathaway Manufacturing Company merged in 1955 to form Berkshire Hathaway.
RELATED FAQS
  1. Do all oil companies received the quoted price of West Texas Intermediate for their ...

    The quoted, or spot, price of West Texas Intermediate, or WTI, crude oil is just one of several benchmark oil prices. The ... Read Full Answer >>
  2. What average annual return does the oil and gas sector generate for an investor?

    The average annual return for investors generated between 2000 and 2013 by stocks in the oil and gas sector was approximately ... Read Full Answer >>
  3. How does the risk of investing in the oil and gas sector compare to the broader market?

    The oil and gas sector has unique risks, since it is exposed to fluctuations in the prices of oil and natural gas as opposed ... Read Full Answer >>
  4. What factors are the primary drivers of share prices in the oil and gas sector?

    The primary drivers of share prices in the oil and gas sector are energy prices and economic growth. Stock prices in the ... Read Full Answer >>
  5. What are common mutual funds an investor should consider for investing in oil and ...

    Among popular oil and gas mutual funds for investors to consider, some of the best performing funds, as of January 2015, ... Read Full Answer >>
  6. What extent do interest rate changes have on the profitability of the oil and gas ...

    Interest rates, particularly real interest rates, can be a very important determining factor on the real costs of oil and ... Read Full Answer >>
Hot Definitions
  1. Liquidation Margin

    Liquidation margin refers to the value of all of the equity positions in a margin account. If an investor or trader holds ...
  2. Black Swan

    An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult ...
  3. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  4. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  5. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
Trading Center