Elliott Target Suncor’s New CEO Plans Long Stay at Helm
- Kruger says adherence to safety systems varies across company
- Activist’s handpicked directors helped select Exxon veteran
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Suncor Energy Inc.’s new Chief Executive Officer Rich Kruger came out of retirement to take the job. Now that he’s been selected for the role, including with input from activist investor Elliott Investment Management LP, he plans to stay for the long haul and help revive the struggling Canadian oil producer.
He’s so committed, in fact, that he sold his house in Texas to move back to Suncor’s base in Calgary, the epicenter of Canada’s energy industry.