Valero Sets New MDA Fund Raising Record

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Valero Sets New MDA Fund Raising Record

05/24/2002
SAN ANTONIO - Valero's network of Diamond Shamrock, Valero, Ultramar, Beacon and Total locations sold 1.28 million paper shamrocks from February 28 to March 27 this year for $1 each, raising over a million dollars for the Muscular Dystrophy Association in less than a month, a record for the organization.

"I'm incredibly proud of all of our retail employees for working so hard to support this great cause. Their enthusiasm and our customers' generosity are the key factors in the campaign's success. They truly embody the caring and sharing spirit that Valero is all about," said Valero's Chairman and CEO Bill Greehey in a recent release.

Contributions support several critical programs for the prevention and treatment of neuromuscular diseases. Since the shamrock program began in 1987, UDS stores have raised more than $5.1 million dollars for the MDA

Valero an energy giant which entered the convenience store business in a big way with its purchase of Ultramar Diamond Shamrock last year, posted a $38.6 million loss during the first quarter of the year, citing unprofitable sales. Analysts still expect the company to earn $2.46 per share this year.