Mr. McKenzie, currently Cenovus’ chief operating officer, to take the chief executive role at energy giant as CEO Alex Pourbaix to take executive chair position
will soon have a new CEO, with current chief operating officer Jon McKenzie set to take the reins from Alex Pourbaix on April 26, the company announced Thursday.
He told the investor call that because he helped develop the company strategy along with the rest of the leadership team, he expects Cenovus to “continue on the trajectory that we’ve been on for the last five years.” With the fossil-fuel sector likely to represent about 10 per cent of Canada’s GDP this year, he said the country must find a way for the industry to be able to continue to thrive.Mr. Pourbaix said he expects to continue pushing for policy to support a strong Canadian energy sector in his new position as executive chair.
Cenovus posted a profit of $784-million for the fourth quarter ended Dec. 31, compared with a loss of $408-million a year earlier. Its total revenue rose nearly 3 per cent to $14.1-billion in the fourth quarter.
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Cenovus Energy posts fourth-quarter profit, names Jon McKenzie as new CEOCenovus’s total revenue rose nearly 3% to $14.1-billion in the fourth quarter, helped by an increase in downstream operating margins
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Cenovus Energy names new CEO, stock falls after Q4 resultsThe announcement of Pourbaix’s departure as CEO comes as Cenovus reported fourth-quarter and full-year 2022 financial results before markets opened on Thursday.
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Cenovus Energy CEO Alex Pourbaix is stepping downCenovus Energy CEO Alex Pourbaix is stepping down and current executive vice\u002Dpresident Jon McKenzie will take over the helm. Read more
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Cenovus Energy CEO Alex Pourbaix is stepping downCenovus Energy CEO Alex Pourbaix is stepping down and current executive vice\u002Dpresident Jon McKenzie will take over the helm. Read more
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Cenovus Energy CEO Alex Pourbaix is stepping downCenovus Energy CEO Alex Pourbaix is stepping down and current executive vice\u002Dpresident Jon McKenzie will take over the helm. Read more
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Alex Pourbaix to step down as Cenovus CEOCenovus Energy CEO Alex Pourbaix is stepping down and current executive vice\u002Dpresident Jon McKenzie will take over the helm. Read more
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