Cenovus Energy CEO Alex Pourbaix is stepping down yyc
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The oilpatch veteran will shift to the role of executive chairman and current executive vice-president and chief operating officer Jon McKenzie will take over as chief executive following the company’s annual general meeting in April 26, the company said on Feb. 16.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The former pipeline executive has been a staunch advocate for the industry while shepherding Cenovus through two of the worst pricing environments in Canadian oil industry history, including a punishing period of wide differentials between Canadian and U.S. crude in 2018 and the pandemic price crash in 2020.“One of Cenovus’s greatest strengths is the company’s exceptionally talented people and I’m very proud of what we’ve been able to achieve together,” Pourbaix said.
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