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.