Suncor announces new Canadian oil sands executives

After winning its aggressive campaign to takeover Canadian Oil Sands Ltd., Suncor Energy Inc. announced yesterday a list of new executives and directors for the company.

The deal, worth $6.8-billion, closed on Friday. Meanwhile, approximately two dozen Calgary employees of COS will have to wait until the end of February to learn if they will be transitioned into the new company or terminated.

Harry Roberts has been given the title of chairman for Canadian Oil Sands. He is a formerly retired Petro-Canada and Suncor executive. Sandy Martin, formerly Suncor’s vice-president of strategy and commercial development, will be the new president and CEO. They are replacing Don Lowry and Ryan Kubik.

(Written by: N. Reitmayer; Original information source: Calgary Herald