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Suncor Energy: New boss wants to focus on cost cuts

11/05/2023
Source : ORISHAS FINANCE
Categories: Sectors

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Rich Kruger took over as Suncor's new CEO on April 3. He intends to focus on cutting costs as he works to improve the oil sands giant's performance

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Rich Kruger promised Tuesday that the company would become a “simpler, more focused organization” under his leadership. He promised to be candid, transparent, and to proceed with a “sense of urgency” during a conference call with analysts to discuss the company's first-quarter financial results. He is looking to fulfill his mandate of bringing change to the Calgary-based business. Noted that Kruger led Imperial Oil as president and CEO from 2013 until his retirement in 2019

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