Sunoco's Charles Valutas to Retire

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Sunoco's Charles Valutas to Retire

PHILADELPHIA -- Sunoco Inc. senior vice president and chief administrative officer, Charles K. Valutas, 57, will retire effective Sept. 1, 2008.

With a tenure spanning nearly 32 years, Valutas worked in various departments, including taking assignments in finance, marketing and business development. For the last eight years, he has been responsible for various corporate professional services.

"Charlie has been a key contributor with Sunoco in a wide variety of roles for a long time," Jack Drosdick, chairman and CEO of Sunoco Inc., said in a statement. "He always showed initiative and demonstrated a thoughtful, collaborative leadership style throughout his career. We thank him for his service, the many contributions he made to our success and wish him all the best for the future."

Valutas will continue as a trustee of Drexel University. He will also continue to serve on the boards of directors of the Philadelphia Orchestra and United Way of Southeastern Pennsylvania.