CALGARY — Suncor Energy Inc. 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, Alta.
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 CEO.
“Suncor is committed to achieving safety and operational excellence across our business, and we must acknowledge where we have fallen short and recognize the critical need for change,” said Wilson.
“We commend Mark for his professionalism and the exceptional work he did to guide Suncor through the pandemic and lead our sector’s progressive approach to the energy transition. We thank him for his years of service with the company and wish him well.”
Suncor says its board has formed a committee to conduct a global search to select the company’s next CEO and is engaging a global executive recruiting firm to help with the process.
This report by The Canadian Press was first published July 8, 2022.
Companies in this story: (TSX:SU)
The Canadian Press
- 0060 Arizona Lithium Lease building0060 Arizona Lithium Lease building
- 0059 Southeast College Heavy Equipment Operator0059 Southeast College Heavy Equipment Operator
- 0058 Royal Helium Steveville opens anonymous rocket0058 Royal Helium Steveville opens anonymous rocket
- 9002 Pipeline Online 30 sec EBEX9002 Pipeline Online 30 sec EBEX
- 0055 Smart Power Be Smart with your Power office0055 Smart Power Be Smart with your Power office
- 0015 Latus Viro0015 Latus Viro
- 0052 Predator Inspections0052 Predator Inspections
- 0051 JML Hiring Pumpjack assembly0051 JML Hiring Pumpjack assembly
- 0049 Scotsburn Dental soft guitar0049 Scotsburn Dental soft guitar
- 0046 City of Estevan This is Estevan0046 City of Estevan This is Estevan
- 0043 ALX ten sizes0043 ALX ten sizes
- 0039 Summit ESP Saskatchewan lower third0039 Summit ESP Saskatchewan lower third
- 0041 DEEP Since 2018 now we are going to build0041 DEEP Since 2018 now we are going to build
- 0032 IWS Summer hiring rock trailer music
- 0022 Grimes winter hiring
- 0021 OSY Rentals S8 Promo
- 0018 IWS Hiring Royal Summer
- 0013 Panther Drilling PO ad 03 top drive rigs
- 0006 JK Junior