- Cenovus Energy (CVE) has appointed a new chief executive officer as well as executive chair
- The company has announced Alex Pourbaix as the new Executive Chair and Chief Operating Officer
- It also appointed its current Executive Vice-President & Chief Operating Officer, Jon McKenzie, as President & Chief Executive Officer
- McKenzie has more than three decades of finance and operations experience, primarily in the Canadian oil and natural gas industry
- Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region
- Cenovus Energy Inc. opened trading at C$26.01 per share
Cenovus Energy (CVE) has appointed a new chief executive officer as well as executive chair.
As part of the company’s leadership succession plan, the company has announced Alex Pourbaix as the new Executive Chair and Chief Operating Officer, with Jon McKenzie, the Executive Vice-President & Chief Operating Officer, as President & Chief Executive Officer.
These changes will come into effect at the conclusion of the company’s annual general meeting (AGM) scheduled for April 26, 2023. At the AGM, McKenzie will also be nominated for election to the Board of Directors.
“The Board has dedicated significant time to ensuring Cenovus has a strong internal succession plan and Alex has guided the development of excellent CEO candidates,” noted Keith MacPhail, Chair of the Board.
“We are confident that Jon’s breadth of experience, together with Alex’s ongoing commitment to the company, position Cenovus well to deliver on the strategy that’s been established and achieve continued success,” he added.
McKenzie has more than three decades of finance and operations experience, primarily in the Canadian oil and natural gas industry. He joined Cenovus in 2018 as Chief Financial Officer, and was instrumental in Cenovus’s strategic merger with Husky Energy, where he served as Chief Financial Officer from 2015 to 2018.
After five years as a director, including three as Chair, MacPhail has decided to retire from the Cenovus Board at this year’s AGM.
Cenovus Energy Inc. is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States.
Cenovus Energy Inc. (CVE) opened trading at C$26.01 per share.
