Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) confirms that four Cenovus executives have made the decision to retire. Their transitions off the executive team will begin at different times over the course of 2015. To minimize disruption to Cenovus’s business and ensure the transitions are orderly and managed, the retiring executives will continue in varying capacities until the end of the first quarter of 2016. Separately, three promotions have also been announced.
- John Brannan, executive vice president and COO, who will transition from his role in September
- Kerry Dyte, executive vice president, general counsel and corporate secretary, who will transition from his role in December
- Sheila McIntosh, executive vice president of environment and corporate affairs, who will transition from her role in September
- Hayward Walls, executive vice president of strategy and organization development, who will transition from his role in July
The three promotions include:
- Jacqui McGillivray, senior vice president and chief people officer, who will be appointed executive vice president of safety and organization effectiveness
- Al Reid, senior vice president of Christina Lake & Narrows Lake, who will be appointed executive vice president of environment, corporate affairs and legal
- Drew Zieglgansberger, senior vice president of operations shared services, who will be appointed executive vice president of oil sands manufacturing.
In addition, earlier this year, Cenovus initiated an external search for a president of upstream oil and gas, who will be responsible for the company’s oil sands and conventional operations. Cenovus expects to have someone in that role in September.
Cenovus Energy's operations include oil sands projects in northern Alberta, Canada, which use specialized methods to drill and pump the oil to the surface, and established natural gas and oil production in Alberta and Saskatchewan. Cenovus also has 50% ownership in two US refineries. Cenovus shares trade under the symbol CVE, and are listed on the Toronto and New York stock exchanges.