Nexen Inc.'s Marvin Romanow Named Canada's CFO of the Year for 2007



    TORONTO, April 4 /CNW/ - Marvin Romanow, Executive Vice-President and
Chief Financial Officer of Nexen Inc., has been chosen as Canada's CFO of the
Year(TM) for 2007. Mr. Romanow will be honoured at a gala dinner on April 18
in Toronto.
    Canada's CFO of the Year Award is presented annually by
PricewaterhouseCoopers LLP, Financial Executives International Canada (FEI
Canada) and The Caldwell Partners International. The award honours and
recognizes the quality, insight, direction and leadership of Canada's senior
financial leaders.
    "Now in its fifth year, Canada's CFO of the Year Award is awarded
annually to an outstanding financial professional who, operating in a complex
and demanding environment, makes a significant contribution to Canadian
business," says Chris Clark, FCA, CEO and Canadian Senior Partner of
PricewaterhouseCoopers.
    Mr. Romanow was named Canada's CFO of the Year by an independent
committee composed of some of Canada's most prominent business leaders. The
criteria by which nominees were judged centred around five key attributes:
Vision and Leadership, Corporate Reporting and Performance, Social
Responsibility, Innovation and Business Complexity. Candidates for the award
were nominated in all business sectors by CEOs, members of boards of
directors, financial analysts and other senior executives.
    Mr. Romanow is the Executive Vice-President and Chief Financial Officer
of Nexen Inc. and has over 25 years of experience in the oil and gas industry.
He is a Director of the Canadian Energy Research Institute and the Private
Sector Sponsors of CERI and is Nexen's representative on the board of
directors of Canexus Income Trust and the Syncrude oil sands venture.
Mr. Romanow is active in his community and was Calgary co-chair of the
University of Saskatchewan's capital campaign.
    "This award recognizes the key role CFOs have played in financial
reporting, in the stewardship of their company and also in re-establishing
public trust in the markets," says Isabel Meharry, President and Chief
Executive Officer at FEI Canada, "It's the CFOs - with their depth of
financial and technical knowledge - who really ensure confidence in the
information reported."
    Douglas Caldwell, Chair and Chief Executive Officer of The Caldwell
Partners International adds, "In the five years that we have sponsored this
Award we have seen the pressures on CFOs increase dramatically; from
regulators, investors, Boards of Directors, and Chief Executive Officers.
These pressures on CFOs are enormous, and they deserve our recognition and
praise for their contribution."

    
    Previous recipients of Canada's CFO of the Year Award include:

    2006:  Karen Maidment, Chief Financial and Administrative Officer of BMO
           Financial Group
    2005:  Claude Mongeau, Executive Vice-President and Chief Financial
           Officer of CN
    2004:  Peter Rubenovitch, Senior Executive Vice President and Chief
           Financial Officer of Manulife Financial Group
    2003:  Peter W. Currie, Vice-Chairman and Chief Financial Officer of RBC
           Financial Group
    

    Canada's CFO of the Year Award is also sponsored by American Express, the
Canadian Institute of Chartered Accountants (CICA), Marsh Canada Limited,
Fasken Martineau and The Fairmont Royal York. The media sponsor is The Globe
and Mail. Air travel services are provided by Air Canada and presentation
technology for the gala dinner is provided by AVW-TELAV Audio Visual
Solutions.
    Media are invited to cover the April 18 award gala at The Fairmont Royal
York in Toronto, but must register to attend. To indicate your attendance and
arrange for interviews and camera space, please contact Carolyn Forest at
416-814-5730 or carolyn.forest@ca.pwc.com. Note the event begins at 6:00 pm.
    More information on Canada's CFO of the Year Award can be found at
www.cfoy.ca.

    About The Caldwell Partners

    The Caldwell Partners International Inc., founded in 1970, was Canada's
first executive search firm. Today it is the largest and only truly national
human capital services company, serving clients across Canada from its offices
in Halifax, Montreal, Toronto, Winnipeg, and Vancouver, as well as
internationally. The Caldwell Partners focuses on recruiting "C-class"
executives (chief executive, chief financial, chief information officers, as
well as other senior executives), as well as non-executive board directors.
The Caldwell Partners takes pride in delivering unmatched depth of service and
expertise to its clients, the caliber and experience of its staff, and the
successful completion of its engagements. The Caldwell Partners founded and
continues to promote the prestigious national awards programs recognizing
Canada's Outstanding CEO of the Year(TM) and Canada's Top 40 Under 40(TM). The
Caldwell Partners' Class-A non-voting shares are listed on The Toronto Stock
Exchange (TSX: CWL.A). For more information see www.caldwell.ca.

    About Financial Executives International Canada (FEI Canada)

    Financial Executives International (FEI) Canada is an all-industry
professional association for senior financial executives. With 11 chapters
across Canada and almost 2000 members, we are an integral part of a larger
15,000 member North American organization. Together, FEI members in Canada and
the United States represent 8,000 of North America's leading and most
influential corporations.
    Membership is generally restricted to senior financial officers of medium
to large organizations. FEI Canada provides many valuable services to its
members including peer networking opportunities; emerging issues alerts;
personal and professional development; and advocacy services. We do this
principally through our internet community, our chapters in various major
centres across the country, and our national technical committee structure.
    Membership is limited to individuals holding senior management positions,
but we do allow certain other finance professionals to join if they meet
stringent criteria. Most FEI members are Chief Financial Officers,
Controllers, Treasurers, Tax Executives, Audit Committee Members and Finance
and Accounting Professors. For more information, visit www.feicanada.org.

    About PricewaterhouseCoopers

    PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
tax and advisory services to build public trust and enhance value for its
clients and their stakeholders. More than 140,000 people in 149 countries
across our network share their thinking, experience and solutions to develop
fresh perspectives and practical advice. Now celebrating 100 years of
excellence in Canada, PricewaterhouseCoopers LLP (www.pwc.com/ca) and its
related entities have more than 4,700 partners and staff in offices across the
country.
    "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
limited liability partnership, or, as the context requires, the
PricewaterhouseCoopers global network or other member firms of the network,
each of which is a separate and independent legal entity.

    About Nexen Inc.

    Nexen Inc. is an independent, Canadian-based global energy company,
listed on the Toronto and New York stock exchanges under the symbol NXY. Nexen
Inc. is uniquely positioned for growth in the North Sea, deep-water Gulf of
Mexico, the Athabasca oil sands of Alberta, the Middle East and offshore West
Africa. Nexen Inc. adds value for shareholders through successful full-cycle
oil and gas exploration and development and leadership in ethics, integrity
and environmental protection.





For further information:

For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
(416) 814-5730, carolyn.forest@ca.pwc.com; Peter Zvanitajs,
PricewaterhouseCoopers LLP, (416) 941-8383 x13408, peter.zvanitajs@ca.pwc.com

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