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Suncor Energy Inc
Symbol SU
Shares Issued 1,288,359,216
Close 2024-02-22 C$ 45.22
Market Cap C$ 58,259,603,748
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Globe says Suncor hires TC Energy ex-CEO as chairman

2024-02-23 07:06 ET - In the News

Also In the News (C-TRP) TC Energy Corp

The Globe and Mail reports in its Friday edition that former TC Energy chief executive officer Russ Girling is taking on the role of chairman at Suncor, the oil sands producer announced as it posted quarterly results that beat analysts' expectations after a year of disruption. The Globe's Jeffrey Jones writes that Mr. Girling is replacing Mike Wilson, who has been chairman of Calgary-based Suncor since 2017. Mr. Wilson will not stand for re-election to the board at the company's annual meeting this spring. Another director, Dennis Houston, is also stepping down from the board. Mr. Girling, 62, led TC, previously called TransCanada, for 10 years until he retired in 2020. His tenure was a tumultuous decade for the company, during which it tried and ultimately failed to win approval for its Keystone XL oil pipeline project. At the same time, Mr. Girling presided over a major expansion. The company's largest deal was the $10.2-billion (U.S.) takeover of Columbia Pipeline Group in 2016, which bolstered TC's presence in the United States. Mr. Girling is also chairman of Nutrien Ltd., which like Suncor has undergone high-profile executive changes, including at the CEO level. Mr. Girling joined Suncor's board in 2021.

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