Suncor boss set to retire next spring
Longtime Suncor chief executive Steve Williams will lead his last annual meeting next spring before retiring, the Calgary-based energy giant announced Wednesday.
Mark Little has been appointed president effective immediately and will assume the CEO role once Williams leaves on May 2, the company said.
“I consider myself extremely fortunate to have been a part of Suncor, working with a highly effective team as we developed and executed our business strategy,” Williams said in a release.
“I’m making this transition now, knowing that it’s a good time to do so. Thanks to a sound strategy grounded in operational excellence and capital discipline, a healthy balance sheet, and an ongoing focus on sustainability and technology and innovation, I’m optimistic about Suncor’s future under Mark’s leadership.”
Williams, 62, joined Suncor in 2002 and took the helm of Canada’s largest energy producer by market capitalization from longtime CEO Rick George when he retired in 2012. He has been one of the more outspoken oilpatch CEOs, insisting recently the company will approve no new major expansion projects until Canada’s pipeline problem is resolved.