Suncor reaches deal with activist investor Elliott Investment Management

The new board members are former BHP Billiton executive Ian Ashby, former Devon Canada president Chris Seasons and former Talisman Energy executive Jackie Sheppard.

Elliott had expressed frustration in April in what it called a recent decline in performance at the energy producer. The review of Suncor’s retail business will include a range of alternatives including a potential sale of the operations. Suncor chief executive Mark Little resigned earlier this month, one day after the company announced the death of a contractor at its Base Mine north of Fort McMurray, Alta., the latest in a string of workplace deaths and safety incidents that have plagued the energy giant.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The Week Ahead: Canadian inflation data; Earnings from Netflix, Twitter - BNN BloombergA look at what investors will be watching in the week ahead
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »

How long will Canada's honeymoon phase last when it comes to EV investment?A series of electric-vehicle and battery supply-chain investments in Canada and the United States this spring have shifted North America’s automotive axis a bit farther north, industry insiders say.
La source: AutoNewsCanada - 🏆 77. / 51 Lire la suite »