CALGARY, March 4 /CNW/ - Suncor Energy Inc. Chief Operating Officer Steve
Williams today announced three appointments to the company's executive
Jay Thornton assumes the role of executive vice president, Refining and
Marketing, with responsibility for Suncor's downstream business in Canada and
the United States, including refining operations, and industrial and retail
marketing of refined products, as well as the company's growing renewable
energy business. Thornton was previously senior vice president, Business
Integration and has held a variety of roles in corporate planning and strategy
in Suncor's oil sands and refining and marketing businesses. An industry
veteran with more than 20 years experience, Thornton previously held various
commercial, operations and planning executive positions with a major
multinational oil and gas company, primarily in the downstream sector. He
replaces outgoing Executive Vice President Tom Ryley, who is leaving in March.
Taking over from Thornton as senior vice president, Business Integration
is Bart Demosky. In his new role, Demosky assumes responsibility for
enterprise-wide business services and integration of technology and processes,
including supply chain management. Demosky most recently served as treasurer
and was a key leader of Suncor's finance team, providing guidance on the
company's financial risk management initiatives and ensuring Suncor has the
financial resources necessary to support the company's growth strategy. Prior
to joining Suncor, Demosky held various senior roles in finance, risk
management and energy marketing in the energy and utilities sectors.
Joel Croteau has been appointed senior vice president, Natural Gas and In
Situ Resources. In this role he will be responsible for continuing to develop
Suncor's natural gas production as a financial hedge against the company's
internal energy demands. He is also responsible for oil sands in situ
subsurface technology and reservoir development. Croteau is a 29-year Suncor
veteran who has held a variety of positions in exploration and production,
business services, finance, and corporate planning and strategy development.
He replaces Dave Byler, who is retiring from Suncor in April.
"The quality of the senior management appointments announced today
demonstrates the bench strength of Suncor's leadership team," said Williams.
"I expect a smooth transition as we continue to grow our business and work to
deliver safe, reliable and environmentally responsible energy production."
For more information on Suncor Energy and biographies of the company's
management team, visit www.suncor.com.
This news release contains forward-looking statements that address goals,
expectations or projections about the future. These statements are based on
Suncor's current goals, expectations, estimates, projections and assumptions,
as well as its current budgets and plans for capital expenditures. Some of the
forward-looking statements may be identified by the words "continuing to
develop", "expect", "work to" and similar expressions. These statements are
not guarantees of future performance. Actual results could differ materially,
as a result of factors, risks and uncertainties, known and unknown, to which
Suncor's business is subject. Further discussion of the risks, uncertainties
and other factors that could affect these plans, and any actual results, is
included in Suncor's annual report to shareholders and other documents filed
with regulatory authorities.
Suncor Energy Inc. is an integrated energy company headquartered in
Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray,
Alberta, extracts and upgrades oil sands and markets refinery feedstock and
diesel fuel, while operations throughout western Canada produce natural gas.
Suncor operates a refining and marketing business in Ontario with retail
distribution under the Sunoco brand. U.S.A. downstream assets include pipeline
and refining operations in Colorado and Wyoming and retail sales in the Denver
area under the Phillips 66(R) brand. Suncor's common shares (symbol: SU) are
listed on the Toronto and New York stock exchanges.
Suncor Energy (U.S.A.) Inc. is an authorized licensee of the Phillips
66(R) brand and marks in the state of Colorado. Sunoco in Canada is separate
and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc.
For further information:
For further information: Brad Bellows, (403) 269-8717