- Push-out Score determined
- After seven years in the position
- Praise and thanks for Williams
- Williams spoke at length and said 157 words
(exechange) — Calgary, Alberta, Canada, November 14, 2018 — Steve Williams, chief executive of Suncor, hands over the reins. As announced by Suncor Energy Inc. in a news release on Wednesday, November 14, 2018, Steven W. (Steve) Williams leaves his post as chief executive officer at the energy company after seven years in the role, effective May 2, 2019.
Steve Williams’s duties will be taken over by Mark S. Little, currently chief operating officer of Suncor Energy Inc.
“A good time”
Steve Williams’s departure from the CEO post is explained as follows. Williams said: “I’m making this transition now, knowing that it’s a good time to do so.”
Precise information about Steve Williams’s future plans was not immediately available.
Suncor said: “Steve Williams will retire as chief executive officer at the company’s Annual General Meeting on May 2, 2019.”
Share price increase since February 2016
The change follows an increase in Suncor Energy Inc.’s share price of 51 percent since February 2016.
Chaired by Mike Wilson
Suncor Energy Inc. is chaired by Mike Wilson.
Wilson is former president and chief executive officer of Agrium Inc., which is headquartered in Calgary.
In the position of CEO since 2012
Steven W. Williams has been the President at Suncor Energy, Inc. since December 1, 2011 and has been its Chief Executive Officer since May 1, 2012.
Williams’s career with Suncor began in May 2002 when he joined the company as executive vice president, Corporate Development and chief financial officer.
He then served as executive vice president, Oil Sands and chief operating officer.
Williams has more than 40 years of international energy industry experience, including 18 years at Esso/Exxon.
Williams holds a Bachelor of Science degree (Hons.) in chemical engineering from Exeter University and is a fellow of the Institution of Chemical Engineers.
He is a graduate of the business economics program at Oxford University as well as the advanced management program at Harvard Business School.
In 2016, Williams was named to the Board of Directors of the new Alcoa Corporation.
He is a Board member of the Business Council of Canada, is a member of the Institute of Corporate Directors and is also a member of the McKinsey & Company Canada Advisory Council.
In 2014 and 2015 Williams acted as co-chair of Indspire’s “Building Brighter Futures” campaign, which provides financial support for Indigenous students.
Williams has long been an advocate for sustainable development in the energy industry and a leader in conversations that connect the environment and economy.
In 2005 he was appointed to the National Roundtable on the Environment and the Economy by the Prime Minister.
He has also been a member of the advisory board of Canada’s Ecofiscal Commission since its inception.
He is one of 12 founding CEOs of Canada’s Oil Sands Innovation Alliance (COSIA) and he was invited to attend the 2015 United Nations Climate Change Conference (COP21) in Paris, France as an official member of the Government of Canada delegation.