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Suncor Power (NYSE:SU) mentioned Friday that Mark Little will step down as President and CEO and resign from the board, efficient instantly.
The board named present Downstream government VP Kris Smith as interim CEO, whereas the corporate launches a worldwide search to pick out the subsequent CEO.
Little joined Suncor (SU) in 2008, and rose to change into President and CEO in 2019; he has 34 years of worldwide vitality business expertise, together with 23 years at Imperial Oil/Exxon Mobil.
Smith beforehand served as senior VP of Provide, Buying and selling and Company Improvement and held a number of government roles in Oil Sands.
“Suncor is dedicated to reaching security and operational excellence throughout our enterprise, and we should acknowledge the place we have now fallen brief and acknowledge the vital want for change,” Board Chair Michael Wilson mentioned.
A contractor employee died this week in an accident at Suncor’s (SU) oil sands base plant web site in Alberta, the thirteenth fatality from accidents on the firm’s operations since 2014.
