Suncor gives Elliott Investment Management more time to add another director to board

said on Friday it has amended an agreement with Elliott Investment Management to give the activist investor more time until March 31 to appoint an additional director to the energy company’s board.

Elliott has been pushing for organizational changes and strategic review at Suncor since disclosing a 3.4 per cent stake in the company in April last year. As part of its agreement with Elliott in July 2022, Suncor appointed three independent directors to its board. In January, the two parties had amended the agreement to extend the deadline to appoint another director until March 17 from Jan. 31.

Last month, Calgary, Alberta-based Suncor appointed former Exxon Mobil Corp executive Rich Kruger as its chief executive, replacing interim CEO Kris Smith.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion: Feeble business investment shows Morneau is right about economic stagnationOpinion: Feeble business investment shows Morneau is right about economic stagnation — via fpcomment fpcomment Part of the Trudeau plan. WEFpuppet fpcomment Everything WOKE, turns to 💩! fpcomment Canada's most populated province told businesses they have to bribe the government for access and that they can't sue if Ford decides to tear up the deal for political reasons. Why would anyone invest in that kind of atmosphere?
Source: nationalpost - 🏆 10. / 80 Read more »

VW plant marks ‘new epoch’ of auto investment in CanadaDetails of Volkswagen’s planned battery cell plant have not been released, but Federal Industry Minister François-Philippe Champagne touted the commitment as the country’s largest-ever auto investment.
Source: AutoNewsCanada - 🏆 77. / 51 Read more »