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MERGER: Team selected for combined Suncor, Petro-Canada

CALGARY - Suncor Energy and Petro-Canada have selected the executive team that is expected to lead the combined com...


CALGARYSuncor Energy and Petro-Canada have selected the executive team that is expected to lead the combined company on closing of the proposed merger.

 

Continuing as COO, Steve Williams’ primary role will be to oversee competitiveness, cost-efficiency and process reliability in all of Suncor’s operations, while ensuring a commitment to safe and sustainable development continues to be a Suncor hallmark.

 

A senior executive-level operating committee of business leaders will report directly to Williams, including:

 

? Kirk Bailey will continue as executive VP oil sands, a position he has held with Suncor since 2007. His primary role is to lead improvements in safety, sustainability and competitiveness at the company’s oil sands operation.

 

? Neil Camarta will assume the role of executive VP natural gas, responsible for the company’s significant portfolio of natural gas-focused exploration and production activities in North America. Camarta currently serves as Petro-Canada’s senior VP oil sands.

 

? Boris Jackman will assume the role of executive VP refining and marketing, continuing the downstream executive leadership role he has held with Petro-Canada since 1998. Jackman will have overall responsibility for operations at four refineries, as well as industrial and retail marketing of refined products and lubricants under the Petro-Canada brand.

 

? Mike MacSween will become senior VP in-situ, expanding his current role leading Suncor’s in situ operations, a position he has held since April 2008. The combined assets of Petro-Canada and Suncor form a significant growth platform for growing in situ oil sands recovery.

 

In addition to COO Williams, president and CEO Rick George’s executive team will also include the following individuals.

 

? Peter Kallos will continue to lead the merged company’s businesses in east coast Canada, the North Sea, northern Latin America and north Africa as executive VP international and offshore, the same position he currently holds with Petro-Canada.

 

? Kevin Nabholz has led major project engineering, procurement and construction (EPC) at Suncor since 2002 and will continue in this role in the merged company as executive VP major projects. In this position, he is responsible for leading EPC for growth projects across the corporation in the upstream, downstream and renewable energy portfolios.

 

? Jay Thornton will assume the role of executive VP supply, energy trading and renewables, with responsibility for marketing, logistics and energy trading. He will also maintain his role as lead executive of the company’s renewable energy strategies and development. Thornton is currently executive VP refining and marketing with Suncor.

 

? Sue Lee will continue to lead human resources, communications and stakeholder relations as senior VP human resources and public affairs, ensuring the strategies and programs to achieve the new company’s growth potential are in place. She currently holds this role at Suncor. She will also remain as chair of the Suncor Energy Foundation.

 

? As chief financial officer, Bart Demosky will direct financial operations, including investor relations and treasury and play a key role in ensuring Suncor has the financial strength necessary to support the merged company’s significant growth potential. He is currently senior VP business services with Suncor.

 

? Andrew Stephens will assume the role of senior VP business services responsible for enterprise-wide business services and integration of technology and processes, including supply chain management. He currently serves as senior
VP corporate relations for Petro-Canada.

 

? Terry Hopwood will continue in the role of senior VP and general counsel, a position he has held at Suncor since 2002. In this role, he is responsible for all legal matters across the corporation.

 

? Mark Little, currently senior VP strategic growth and energy trading for Suncor, will assume the role of senior VP strategy and integration with responsibility for co-leading the design and implementation strategies of merged processes, management systems and standards.

 

? Little will be joined by Harry Roberts, who will become senior VP integration. He currently serves as executive VP and CFO of Petro-Canada.

 

The new executive team will assume their positions only when all customary approvals are received and the merger closes. Until that time, current executive team members of Suncor and Petro-Canada will continue to provide leadership and guidance to their respective organizations. It is expected that the merger will be completed in the third quarter of 2009.

 

For more information, visit (http://www.SuncorPetro-Canada.com/).


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