Connacher CEO resigns
Jan 12, 2012 at 10:41 am in Business, News by tyler.king
The CEO of the Connacher oil sands company resigned Thursday.
Richard Gusella had been with the company for more than a decade, but was recently at odds with investors who wanted to see a sale of the company.
Just over a week ago, Gusella had fired three top executives and rejected a sale offer from.
Connacher recently suspended its search for a joint venture partner for its Great Divide oil sands property.
Its stock has gone down almost forty percent over the past year.
Two existing directors are being promoted to co-manage the company.