Just days after Suncor acquired nearly 73 per cent of Canadian Oil Sands shares, the company has announced a shuffle in the makeup of its board of directors and leadership team that includes the appointment of many current and former Suncor employees.
Sandy Martin, the current vice president of strategy and commercial development for Suncor, has been named the new CEO and Harry Roberts, who served as a senior vice-president at Suncor before retiring in 2010, is the new chairman.
Former Canadian Oil Sands CEO Ryan Kubik and chair Donald Lowry, who both served during the months-long takeover fight, are no longer on the roster.
Among the new COS board members are Suncor’s executive vice-president of strategy and corporate development, Steve Reynish, and Suncor’s chief financial officer, Alister Cowan.
The new CEO, Jolienne Guillemaud, was formerly the vice president and treasurer at Suncor while the new Corporate Secretary, Jacquie Moore, was most recently the vice president of legal affairs, and the corporate and chief compliance officer for Suncor.
New board member Maureen McCaw was elected to Suncor’s Board of Directors in 2004 and is a member of the audit and governance committees, was a director of Petro-Canada and is past executive vice president of Edmonton-based marketing research firm, Leger Marketing, formerly Criterion Research Corp., a company she founded in 1986.
Because so many shares were tendered Friday Suncor has announced they have enough support for the $6.6 billion friendly deal to go ahead.
The remaining shareholders in COS have until February 22 to tender their shares.
