Strathcona Resources Ltd. has announced the retirement of its president and CEO, Rob Morgan, effective Oct. 31.
“On behalf of the board of directors, I would like to sincerely thank Rob for his leadership at Strathcona,” commented Adam Waterous, Strathcona’s executive chairman, adding, “Over the past seven years, Rob has overseen Strathcona’s transformation from a junior oil company with approximately 17,000 barrels per day of production, 130 MMboe of proved plus probable reserves and fewer than 200 employees, into Canada’s fifth largest oil producer.”
Following Morgan’s retirement, he will step down from Strathcona’s Board of Directors and be replaced by David Roosth, managing director of Waterous Energy Fund.
Strathcona’s leadership structure will undergo some changes moving from a single, functionally organized executive team to four focused business units. The units will be, SCR Cold Lake, SCR Lloydminster Thermal, SCR Lloydminster Conventional, and SCR Montney. Each of these business units will have their own president and accompanying management team.
Management changes have also been announced, Dale Babiak has been named chief operating officer, Connie De Ciancio has been named chief commercial officer.
Ryan Tracy has been named president of SCR Lloydminster Thermal, Seamus Murphy was named SCR Lloydminster Conventional president, Kim Chiu is president of SCR Cold Lake, and Al Grabas is president of SCR Montney.
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