Activist investor Elliott poised to get fourth Suncor board seat as company continues to underperform

on Jan. 16 that “in the interest of continued co-operation,” the agreement with Elliott had been amended to extend Elliott’s deadline for appointing an additional director to March 17 from Jan. 31.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

over its lagging share price performance, missed production targets and poor safety record in recent years, including at least 12 fatalities since 2014. The agreement said Elliott would appoint three new independent directors to the Suncor’s board, with an option to appoint an additional director if certain performance criteria were not met by the end of 2022. The agreement stipulates that if Suncor’s total shareholder returns continued to underperform peers

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Activist investor Elliott poised to get fourth Suncor board seat as company continues to underperformSuncor underperformed its peers in the second half of 2022, triggering a clause in last year\u0027s peace agreement with Elliott. Find out more.
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Activist investor Elliott poised to get fourth Suncor board seat as company continues to underperformSuncor underperformed its peers in the second half of 2022, triggering a clause in last year\u0027s peace agreement with Elliott. Find out more.
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