Suncor executive takes the top spot at Syncrude
Syncrude announced the retirement of CEO Mark Ward effective December 11, 2017. Ward is a secondee from ExxonMobil and will be returning to his home state of Texas. The CEO will be replaced by Doreen Cole, who currently serves as Suncor’s Senior Vice President, Regional Maintenance and Reliability.
Imperial Oil/Exxon has been operating the Syncrude facility for the past 10-years under a management services contract that expires in November. Before Imperial, the Syncrude facility was operated by Canadian Oil Sands.
Suncor became a majority owner of Syncrude in the spring of 2016 through its purchase of Canadian Oil Sands and Murphy Oil. The company initially denied any intentions to take over management of its neighbour to the north, insisting it would only seek to share best practices.
No official announcement has yet been made on Syncrude's management services contract.