Tim McKay will assume the role of vice-chair and Scott Stauth, currently chief operating officer, Oil Sands, will be promoted to president of Canadian Natural Resources Limited. The change will happen at Canadian Natural's 2023 year-end board meeting on Feb. 28, 2024.

The company will continue to focus on controlling costs and being financially disciplined, according to management. Stauth has been with Canadian Natural for 26 years in increasingly responsible management roles across all operations in Canada. Stauth, as chief operating officer, Oil Sands, has played an integral role in delivering top tier performance across all of the company?s oilsands operations, it said.

As vice-chair, McKay will support the management transition until his retirement in summer 2024. In addition, as part of the succession plan, Jay Froc, currently senior vice-president Oil Sands Mining and Upgrading, will be promoted to chief operating officer, Oil Sands on Jan. 1, 2024.

Froc has been with Canadian Natural for 10 years. Trevor Cassidy, chief operating officer, E&P, after over 23 years of contributing to the company's success will be retiring in Q4/23, at which time Robin Zabek, currently senior vice-president Exploitation E&P, will be promoted to chief operating officer, E&P. Zabek has been with Canadian Natural for 20 years.