Alex Pourbaix to step down as Cenovus CEO 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 on April 26.Sign up to receive daily headline news from the Calgary SUN, 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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