MEG Power Corp. stated Chief Working Officer Darlene Gates will succeed Derek Evans as the corporate’s new chief government officer, making her the one girl to helm a significant oil-sands producer.
Evans, who has led MEG for greater than 5 years, will step down as CEO and depart the board on Could 1, the Calgary-based firm stated Thursday. Gates, 53, additionally will probably be nominated for the board on Could 7.
Gates is about to change into the only present feminine CEO of a big Canadian oil-sands producer and certainly one of solely a handful within the historical past of the nation’s power business. Gates joined MEG in 2021 and beforehand labored at Exxon Mobil Corp. and its Imperial Oil Ltd. Canadian unit, holding positions in Canada, the US, Germany and Qatar.
- Advertisement -
Evans, 67, took over at MEG in 2018 as pipeline bottlenecks weighed on Canadian oil costs, forcing him to chop spending to stabilize the corporate’s steadiness sheet. He later fended off a takeover try from rival producer Husky Power Inc. The corporate has since boosted output and now produces round 100,000 barrels a day.
MEG’s share worth has greater than tripled since Evans took over, the fifth-best efficiency within the S&P/TSX power index throughout that span.
