Suncor has announced that Michael Wilson, a current member of the board and its governance and human resources and compensation committees, will replace the retiring James (Jim) W. Simpson as Chair of the company's board of directors, effective 27 April 2017.
Mr Simpson joined Suncor's board of directors in 2009, having served previously as a director of the Petro-Canada board. He was appointed Chair of Suncor's board in 2014 prior to which he was the Chair of Suncor's human resources and compensation committee.
Steve Williams, President and Chief Executive Officer (CEO), said: "Jim's impact on Suncor has been considerable [ …] As chair, he's helped Suncor successfully employ strategies to ensure that Suncor continued to deliver shareholder value despite an extremely challenging environment, which has set us apart from our peers. We've appreciated his strong focus on governance, his strategic long-term view and commitment to increasing board diversity. We value his collaborative, solutions-oriented approach, which he consistently demonstrates by seeking out perspectives, considering alternatives, and focusing on shareholder and stakeholder interests."
Mr Williams added: "We're pleased to welcome Michael Wilson as our new board Chair […] We look forward to working with him, as he leverages his corporate and Suncor board experience to ensure Suncor delivers on its business strategy. His deep roots in the province of Alberta, as well as his extensive experience as a Canadian business executive will serve him well in this role."
Mr Wilson was appointed to Suncor's board of directors in February 2014. He is the former President and CEO of Agrium Inc., and previously served as its Executive Vice President and Chief Operating Officer (COO) before being appointed to his most recent role in 2003.
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