Olivia Woods
On Thursday, Cenovus Energy announced that Chief Operating Officer Jon McKenzie will be taking over as president and CEO.
McKenzie was appointed to the position of chief financial officer of Cenovus in 2018 after the company bought Husky Energy, where he had previously worked in the same position for three years.
After the annual general meeting of the company happening on April 26, current CEO Alex Pourbaix will transition to the position of executive chair. He will also fully commit to working with the Pathways Alliance – a group of oil sands producers – to develop a carbon capture and storage initiative to reduce emissions.
McKenzie expected that Cenovus’s long-term strategy would be similar to the one his predecessor had established over the previous five years. Cenovus’ goals include increasing output by 3-5% annually, reducing debt, and the improvement of shareholder value.
“Both Alex and I have our fingerprints all over the corporate strategy and we developed this in partnership together with the rest of our leadership team,” said McKenzie.
Original source material for this article taken from here
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