Suncor is announcing a flurry of changes within the company, including a new leader at the top.
Effective April 3, Rich Kruger will be the new CEO and President, while also joining the Suncor Board of Directors.
Coming over from Exxon Mobil Corporation, where Kruger worked for the past 39 years, he lead Imperial Oil Limited as Chairman, President, and CEO from 2013-2019.
“Rich is a highly capable and seasoned CEO with an impressive track record of leading a safety culture,” said Suncor Board Chair Mike Wilson.
“Known as a strong and engaging leader, Rich is well regarded for his strategic and commercial aptitude, and for his experience in the Canadian oil sands. The Board looks forward to working with Rich, as he provides the leadership to deliver world-class performance that maximizes shareholder returns.”
Kruger says he’s excited about leading Suncor into the next chapter.
“Suncor has great people and assets. Combined with strong leadership and the right culture, we can leverage the company’s competitive advantages to excel.”
Suncor stated in a media release that Kris Smith, who has held the interim CEO title since July 2022, will transition over to the role of Chief Financial Officer (CFO) and Executive Vice President of Corporate Development.
The current CFO, Alister Cowan, has plans to retire after helping Cowan transition into the new role.
Kruger is taking over for former Suncor CEO Mark Little, who resigned in July of 2022.