Yesterday, Suncor Energy's board of directors approved a quarterly dividend of CAD $0.52 per share on its common shares, payable Sept. 25, 2023 to shareholders of record at the close of business on Sept. 1, 2023. The board didn’t stop there, however, as they also announced a series of changes to its executive leadership team. (Source: Shutterstock.com)
On Aug. 14, Suncor Energy's board of directors approved a quarterly dividend of CAD $0.52 per share on its common shares, payable Sept. 25, 2023 to shareholders of record at the close of business on Sept. 1, 2023. The board didn’t stop there, however, as they also announced a series of changes to its executive leadership team.
Following the retirement of three senior executives, the leadership team reporting to president and CEO Rich Kruger will include Kris Smith as CFO and Shelley Powell as senior vice president of operational improvement & support services. Peter Zebedee will serve as executive vice president of oil sands, while Dave Oldreive will be executive vice president of downstream. Karen Keegans will be chief human resources officer and Jacquie Moore will serve as general counsel & corporate secretary. The position of senior vice president of strategy, sustainability and corporate development has not yet been filled.
The reorganization will occur in conjunction with the retirements of Bruno Francoeur, who is the current executive vice president of business & operations services, Paul Gardner, chief people officer and Arlene Strom, chief sustainability officer. Francoeur and Gardner are set to retire on August 31, while Strom will retire near year-end 2023.
Recommended Reading
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
BPX Looks to Ramp US Production Over 60% by 2030
2024-05-16 - BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.
EOG: Utica Oil Can ‘Compete with the Best Plays in America’
2024-05-09 - Oil per lateral foot in the Utica is as good as top Permian wells, EOG Resources told analysts May 3 as the company is taking the play to three-mile laterals and longer.
Repsol to Drop Marcellus Rig in June
2024-04-26 - Spain’s Repsol plans to drop its Marcellus Shale rig in June and reduce capex in the play due to the current U.S. gas price environment, CEO Josu Jon Imaz told analysts during a quarterly webcast.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.