Imperial Oil Ltd. may have a brand new chair, president and chief govt from April 1, 2025, because the board accepted the appointment of John Whelan to the place. The corporate mentioned in a media launch that Whelan will exchange Brad Carson, the present chairman, president, and chief govt, who has declared plans to retire from Imperial after 42 years of service.
“On behalf of the Imperial board of administrators, I want to thank Brad Corson for his unbelievable management and dedication over the previous 5 years”, David Cornhill, lead director, mentioned. “Brad steered the corporate via the challenges of the worldwide pandemic, with the group rising to ship the strongest monetary years in firm historical past.
“Throughout his tenure, Imperial achieved repeated information for upstream manufacturing and distinctive downstream efficiency, delivering vital shareholder worth via unprecedented share value appreciation and money returns via document share repurchases and dividend development.
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“Importantly, Brad has additionally positioned the corporate and its staff for future aggressive success with strategic tasks, together with development tasks at Kearl and Chilly Lake, the Strathcona renewable diesel facility and Low Carbon Options enterprise, and as a founding member of the Pathways Alliance initiative to cut back emissions from oil sands operations”.
“John brings in depth expertise at each Imperial and on world ExxonMobil portfolios to efficiently ship distinctive operational efficiency and enhanced competitiveness, which can construct on this sturdy momentum and proceed to develop shareholder worth going ahead, and we welcome him again to Imperial”, Cornhill added.
Whelan, initially from St. John’s, Newfoundland and Labrador, started his profession with ExxonMobil in 1988 in Alberta. He has held varied roles throughout Canada, the U.S., and Norway, Imperial mentioned. After returning to Canada in 2013, he served as Imperial’s vice chairman of upstream manufacturing and have become senior vice chairman of upstream in March 2017, overseeing vital development in manufacturing and reliability at Kearl.
Whelan is at the moment ExxonMobil upstream’s senior vice chairman, accountable for the corporate’s standard and heavy oil world enterprise line. On this function, Whelan leads world enterprise models throughout the U.S., Canada, Europe, the Caspian, the Center East, and Asia Pacific, Imperial mentioned.
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