SVP, Business Development[email protected]
Office: (805) 965-5510
Jerry Richards, Senior Vice President of Business Development, has enjoyed a long and successful career in the petroleum industry, and brings to Corner Capital a lifetime of relationships and expertise in all aspects of our business.
Early in his career, Jerry worked internationally with Exxon, managing energy supply for the US Government in Southeast Asia, and subsequently led the re-introduction of the Esso brand into the South Pacific. Upon his return to the States, Jerry became Corporate Credit Manager of Getty Oil based in Tulsa, Oklahoma. After the sale of Getty Oil, he became Credit and Finance Manager of Texaco, where he managed corporate workouts and bankruptcies, and served as Committee Chairman during numerous high profile bankruptcies. He also developed and implemented the first joint venture in the U.S. between Texaco and its wholesale distributor. Due to the scarcity of funding to the retail petroleum distribution industry as a result of environmental concerns, Jerry negotiated a guaranteed loan program with CitiCorp which funded over $300 million in a four year period.
Jerry Richards joined CitiCapital Franchise Finance in Irvine, California where he assisted in the startup of its loan program for petroleum distributors, originating over $400 million in loans. After the Citi sale of its Franchise Finance business, Jerry was manager of a $500 million convenience store and a gas portfolio for GE Capital in Irvine California.
An alum of Drexel University, Jerry has an MBA in Finance from the University of Pittsburgh and a Juris Doctorate from Western State University in California.