'I'm here to stay': New CEO Rich Kruger pursuing turnaround at Suncor yyc yycbiz Column by ChrisVarcoe:
Later in the year, Suncor’s board examined and rejected a call by Elliott Investment Management to sell Petro-Canada.who then became CEO of Imperial Oil in 2013.
He also laid out the challenges ahead: improve safety, enhance reliability, lower costs and improve the profitability of Suncor. Analyst Patrick O’Rourke of ATB Financial said investors will want to see how the company specifically moves forward with its corporate strategy. Last year, Suncor boosted its stake in the Fort Hills oilsands mine, which it operates, by buying a 14.6 per cent interest in it from Teck Resources for $712 million.
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