Suncor Energy’s board of directors has appointed industry veteran Rich Kruger as the company’s next president and CEO effective April 3, Suncor announced in a Feb. 21 press release.
Kruger has a long history in the energy industry with almost 40 years at Exxon Mobil Corp. as well as serving as chairman, president and CEO of Imperial Oil Ltd from 2013 to 2019.
Kruger will succeed interim CEO Kris Smith, who served in the position since July 2022. Smith will facilitate Kruger’s transition into the role as CEO before assuming the positions of CFO and executive vice president of corporate development following Suncor’s annual general meeting on May 9.
"Rich is a highly capable and seasoned CEO with an impressive track record of leading a safety culture," said Mike Wilson, Suncor board chair. "Known as a strong and engaging leader, Rich is well-regarded for his strategic and commercial aptitude, and for his experience in the Canadian oil sands.”
Suncor also announced the retirement of current CFO Alister Cowan, who will be continuing at Suncor until the end of the year to help with in the company’s leadership transition.
Headquartered in Calgary, Canada, Suncor is an integrated energy company with operations in oil sands development, production and upgrading, offshore oil and gas production and petroleum refining in Canada and the U.S.
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