SUNCOR ENERGY C.E.O. STEPS DOWN

Jul 09, 2022

By Jeremy Logan

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Suncor Energy Incorporated says Mark Little has stepped down as president and chief executive officer and resigned from its board of directors, effective immediately.

Calgary-based Suncor says in a release Friday that it is committed to achieving safety and operational excellence, but has fallen short and recognizes the critical need for change.

The announcement came a day after the company announced that a contractor was killed at its Base Mine north of Fort McMurray, Alberta.

Since 2014, there have been at least 12 deaths at Suncor sites, more than all of its oilsands rivals combined.

The fatalities have caught the attention of activist investor Elliot Investment Management, who earlier this spring pointed a finger at Suncor’s safety record as part of its case for an overhaul of the company’s board and management.

Board chairman Michael Wilson said in the release Friday that Kris Smith, who is currently executive vice-president of Suncor’s Downstream division, has been named interim C.E.O.

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