“We believe it is important to move forward and establish the leadership team for the combined company to ensure we are well-positioned to begin capturing the synergies of this deal immediately after closing,” said
The composition of the anticipated management team was determined through discussions with leadership teams from both companies.
Immediately following the close of the transaction, Cenovus’s executive team is expected to consist of:
Alex Pourbaix – President & Chief Executive OfficerJeff Hart – Executive Vice-President & Chief Financial OfficerJon McKenzie – Executive Vice-President & Chief Operating OfficerKeith Chiasson – Executive Vice-President, DownstreamAndrew Dahlin – Executive Vice-President, Safety & Operations Technical ServicesNorrie Ramsay – Executive Vice-President, Upstream – Thermal, Major Projects & OffshoreKam Sandhar – Executive Vice-President, Strategy & Corporate DevelopmentSarah Walters – Executive Vice-President, Corporate ServicesDrew Zieglgansberger – Executive Vice-President, Upstream – Conventional & IntegrationRhona DelFrari – Chief Sustainability Officer & Senior Vice-President, Stakeholder EngagementGary Molnar – Senior Vice-President Legal, General Counsel & Corporate Secretary
Husky and Cenovus agreed to combine their respective businesses and entered into an arrangement agreement, dated
ADVISORY
This news release contains certain forward-looking statements and forward-looking information (collectively referred to as “forward-looking information”) within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995, about our current expectations, estimates and projections about the future, based on certain assumptions made by Cenovus and Husky in light of their experience and perception of historical trends. Although Cenovus and Husky believe that the expectations represented by such forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Forward-looking information in this news release is identified by words such as “aim”, “anticipate”, “believe”, “ensure”, “establish”, “expect”, “facilitate”, “goal”, “position”, “strategy”, “will” or similar expressions and includes suggestions of future outcomes, including statements about: the composition of the anticipated executive team; and the expected date of closing of the transaction.
Readers are cautioned not to place undue reliance on forward-looking information as Cenovus's actual results may differ materially from those expressed or implied. Cenovus and Husky undertake no obligation to update or revise any forward-looking information except as required by law. Developing forward-looking information involves reliance on a number of assumptions and consideration of certain risks and uncertainties, some of which are specific to Cenovus and/or Husky and others that apply to the industry generally. Material factors or assumptions on which the forward-looking information in this news release is based include: successful closing of the transaction, including obtaining necessary shareholder, court and regulatory approvals and satisfaction of all other conditions to closing and within expected timelines.
Additional information about assumptions, risk factors and uncertainties on which the forward-looking information is based and that could cause Cenovus's actual results to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements are described in Cenovus's 2020 guidance (dated
Husky’s Annual Information Form for the year ended
About Cenovus
Find Cenovus on Facebook, Twitter, LinkedIn, YouTube and Instagram.
About Husky
Find Husky on Facebook, Twitter, LinkedIn and Instagram.
Cenovus Contacts | |
Investor Relations 403-766-7711 | Media Relations Brett Harris, Manager, Communications 403-766-3420 |
Husky Contacts | |
Investor Relations 403-513-7817 | Media Relations 403-298-7088 |
Source:
2020 GlobeNewswire, Inc., source