CALGARY,
AB, June 16, 2022 /CNW/ - MEG Energy Corp.
(TSX: MEG) ("MEG" or the "Corporation") is pleased to announce that
Ryan Kubik will be the Corporation's
new Chief Financial Officer effective August
1, 2022. Mr. Kubik will succeed Mr. Eric Toews who, as previously announced, plans
to retire effective September 1,
2022. Following Mr. Kubik's appointment, Mr. Toews will
remain with the Corporation until September
1, 2022 to ensure a smooth transition.
"We are excited to have Ryan join the MEG team," said
Derek Evans, MEG's Chief Executive
Officer. "He brings extensive background in corporate finance and
executive leadership, and his past experience demonstrates proven
success in leading corporate finance activities. He has
demonstrated a track record of accomplishment in business
development, financing large capital programs and supporting oil
and gas operational growth. We are excited about the
expertise and impact he will bring to MEG and believe he will be a
strong supporter of our goals and will continue to bring value to
MEG's shareholders."
Mr. Kubik joins MEG with more than 30 years' experience in the
oil and gas industry in the areas of corporate finance, strategy
and accounting. He is a Chartered Accountant, Chartered Financial
Analyst and holds a Bachelor of Commerce in Accounting from the
University of Calgary, and the
Institute of Corporate Directors ICD.D designation. Most recently,
Mr. Kubik served as Chief Financial Officer & Senior Vice
President of Heritage Royalty, where he was responsible for all
financial aspects of the organization as well as driving the
organization's corporate strategy. Prior to Heritage Royalty, Mr.
Kubik was President and Chief Executive Officer of Canadian Oil
Sands Limited from 2014 to 2016 and Chief Financial Officer from
2007 to 2013. Mr. Kubik has also served as Chair of Syncrude
Canada's Board of Directors and Chair of the Audit and Business
Controls Subcommittee.
"I am thrilled to be joining MEG to help the Corporation
continue executing on its strategic plan," said Mr. Kubik.
"MEG's quality assets, strong operating capability and ESG emphasis
position the Corporation to deliver significant stakeholder value
over the coming decades. I am extremely excited to be part of that
future."
About MEG
MEG is an energy company focused on sustainable in situ
thermal oil production in the southern Athabasca oil region of Alberta, Canada. MEG is actively developing
innovative enhanced oil recovery projects that utilize
steam-assisted gravity drainage extraction methods to improve the
responsible economic recovery of oil and to achieve lower carbon
emissions. MEG transports and sells thermal oil (AWB) to customers
throughout North America and
internationally. MEG's common shares are listed on the Toronto
Stock Exchange under the symbol "MEG" (TSX: MEG).
Learn more at: www.megenergy.com
For further information, please contact:
Investor Relations
T 403.767.0515
E invest@megenergy.com
Media Relations
T 403.775.1131
E media@megenergy.com
SOURCE MEG Energy Corp.