- Suncor (SU) has appointed Rich Kruger to be the company’s next President and Chief Executive Officer, effective April 3, 2023
- Rich Kruger had a 39-year tenure with Exxon Mobil Corporation and led Imperial Oil Limited as Chairman, President and CEO from 2013 through 2019
- Interim CEO Kris Smith will assume the role of CFO and Executive Vice President of Corporate Development
- Suncor is an integrated Canadian energy company
- Suncor Energy Inc. (SU) opened trading at C$44.59
Suncor (SU) has appointed Rich Kruger to be the company’s next President and Chief Executive Officer, effective April 3, 2023.
Mr. Kruger will also join the Suncor Board of Directors.
“Rich is a highly capable and seasoned CEO with an impressive track record of leading a safety culture,” said Board Chair Mike Wilson.
“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. The Board looks forward to working with Rich, as he provides the leadership to deliver world-class performance that maximizes shareholder returns.”
Rich Kruger had a 39-year tenure with Exxon Mobil Corporation and led Imperial Oil Limited as Chairman, President and CEO from 2013 through 2019.
“I am very excited and energized about the opportunity to lead Suncor into the next chapter,” said Rich Kruger. “Suncor has great people and assets. Combined with strong leadership and the right culture, we can leverage the company’s competitive advantages to excel.”
Kris Smith, who has been the interim CEO since July 2022, will assume the role of Chief Financial Officer and Executive Vice President of Corporate Development at the conclusion of Suncor’s annual general meeting on May 9, 2023.
Suncor Energy is Canada’s leading integrated energy company. Suncor’s operations include oil sands development and upgrading, offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand.
Suncor Energy Inc. (SU) opened trading at C$44.59.