Strathcona Resources, a prominent Canadian oil and gas producer, announced on Thursday the retirement of Chief Executive Officer and President Rob Morgan, effective October 31. David Roosth will succeed him in this role.
The company confirmed that Chief Financial Officer Connor Waterous will retain his position, while Scott Seipert has been appointed as the new senior vice-president of finance.
David Roosth brings a wealth of experience to Strathcona, having previously worked at KKR & Co and TPH Partners. Most recently, he served as the managing director at Waterous Energy Fund.
In a strategic move, Strathcona will undergo restructuring to create four dedicated business units: SCR Cold Lake, SCR Lloydminster Thermal, SCR Lloydminster Conventional, and SCR Montney. Each unit will be overseen by separate presidents.
Additionally, Dale Babiak has been appointed as the new Chief Operating Officer (COO), previously holding the position of vice-president for production operations.
Following his retirement, Rob Morgan will also step down from the company’s board of directors.
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