'It's not rocket science': Suncor's new CEO aims to cut costs, simplify operations after accidents

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GSuhanic 'It's not rocket science': Suncor's new CEO aims to cut costs, simplify operations after accidents

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“We need to get on with it,” said chief executive Rich Kruger, a former head of Exxon Mobil Corp. unit Imperial Oil Ltd., said on his first call with analysts since he started in the role in April.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

Syncrude Canada, of which Suncor owns a majority, was charged in April in connection with the death of a worker in June 2021. “You can expect an intense focus on costs, organizational efficiency and operational support,” said Kruger, who left retirement for the job. “We will become a simpler and more focused organization.”

Kruger said he could not give a timeline for improvements and gave few specifics about the changes, saying Suncor needs to refocus on the basics of running the business.Recommended from Editorial

 

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