Hal Kvisle and Keith MacPhail to stand as nominees for Cenovus Board
March 06 2018 - 5:00PM
Cenovus Energy Inc. (TSX:CVE) (NYSE:CVE) announced today that Hal
Kvisle and Keith MacPhail will be proposed nominees for election to
the Board of Directors at the company’s next annual meeting of
shareholders to be held on April 25, 2018. Mr. Kvisle has
spent more than four decades working in the Canadian oil and
natural gas sector, with experience running upstream production,
power and pipeline businesses, while Mr. MacPhail has more than
thirty years of experience managing upstream production companies.
”Following an extensive search process, we’re extremely pleased
to have Hal and Keith, who bring a wealth of oil and gas experience
at both the Board and executive level, stand as nominees,” said
Patrick Daniel, Cenovus Board Chair. “These nominations are part of
the company's ongoing Board renewal process, which focuses on
orderly succession of directors while maintaining an appropriate
balance and diversity of skills, experience and fresh perspectives
on the Board.”
Mr. Kvisle served as President and Chief Executive Officer of
Talisman Energy Inc. from September 2012 to May 2015 and was a
director of the company from May 2010 to May 2015. From 2001
to 2010 he was President and Chief Executive Officer at TransCanada
Corporation. Prior to joining TransCanada, he held engineering,
finance and management positions with two other Canadian oil and
gas companies. Mr. Kvisle is currently Chairman of ARC Resources
Ltd., a director of Cona Resources Ltd. and a director of Finning
International Inc. He holds a Bachelor of Science in Engineering
from the University of Alberta, a Master of Business Administration
from the University of Calgary and an Honorary Bachelor of Arts
from Mount Royal University.
Mr. MacPhail is currently Chairman of Bonavista Energy
Corporation and was Executive Chairman of the company from 2012 to
2018, Chairman and Chief Executive Officer from 2008 to 2012 and
President and Chief Executive Officer from 1997 to 2008. Prior to
joining Bonavista, he held progressively responsible positions with
Canadian Natural Resources Limited, ultimately serving as Executive
Vice-President and Chief Operating Officer. Mr. MacPhail is also
currently Chairman of NuVista Energy Ltd. He holds a Bachelor of
Science (Honours) degree in Petroleum Engineering from the Montana
College of Mineral Science and is a member of the Association of
Professional Engineers and Geoscientists of Alberta.
Ian Delaney, who has been a member of the Board since Cenovus’s
inception in 2009, will retire as a director at the conclusion of
the company’s annual meeting of shareholders in April of this
year.
Since 2014, Cenovus’s Board renewal process has included the
transition to a new Board Chair and the appointment or nomination
of eight new directors with a broad range of expertise.
Cenovus Energy Inc.Cenovus Energy Inc. is a
Canadian integrated oil and natural gas company. It is committed to
maximizing value by responsibly developing its assets in a safe,
innovative and efficient way. Operations include oil sands projects
in northern Alberta, which use specialized methods to drill and
pump the oil to the surface, and established natural gas and oil
production in Alberta and British Columbia. The company also has
50% ownership in two U.S. refineries. Cenovus shares trade under
the symbol CVE, and are listed on the Toronto and New York stock
exchanges. For more information, visit cenovus.com.
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Instagram.
CENOVUS CONTACTS:
Investor RelationsKam SandharSenior
Vice-President, Strategy & Corporate
Development403-766-5883 Steven MurrayManager,
Investor Relations403-766-3382 |
Media Brett HarrisManager, External Communications
403-766-3420 Media Relations general
line403-766-7751 |
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