Suncor Energy’s President and CEO is retiring next year.
The oil giant announced on Wednesday Steve Williams will be leaving the company in May.
Mark Little has been named as the new president, effective immediately, and will assume the role of CEO after Williams officially retires.
“I consider myself extremely fortunate to have been a part of Suncor, working with a highly effective team as we developed and executed our business strategy,” said Williams, in a release.
“I’m very proud of what we’ve accomplished together – raising the bar on performance, profitably growing the company, and demonstrating leadership in sustainability, while consistently returning value to our shareholders.”
He joined Suncor 16-year-ago, taking over leadership of the company back in 2012 from Rick George.
“He’s overseen Suncor’s profitable growth both through strategic acquisitions and well-executed projects such as Fort Hills, which has raised the bar for our industry in terms of successful project management and ramp up, technology deployment, and engagement with Aboriginal communities,” added Mike Wilson, chair of Suncor’s Board of Directors.
Little joined the Calgary-based company back in 2008. In December 2017, he was named chief operating officer.
“I want to thank Steve for his leadership and vision – the strong foundation that he’s put into place positions Suncor very well,” Little said. “I look forward to guiding Suncor as we continue its success story.”