April 5, 2018
Husky Energy’s Chief Financial Officer Jon McKenzie has moved on to Cenovus.
Cenovus Energy Inc. announced the appointment of McKenzie as the company’s next CFO the same day Husky announced his departure.
“We’re pleased to have Jon join Cenovus. His broad experience in the energy industry will be an asset to the company as we continue to focus on strengthening our balance sheet and lowering our cost structure,” said Alex Pourbaix, Cenovus President & Chief Executive Officer. “I want to thank Ivor for his guidance and leadership in his role as Chief Financial Officer and for his significant contribution to establishing and building Cenovus. On behalf of the company, I wish him all the best in his retirement.”
He will replace Ivor Ruste who is retiring on April 30.
Husky’s CEO Rob Peabody thanked McKenzie for his contributions to Husky on behalf of the board of directors and employees.
Included in the Husky Energy press release was the announcement that it is executing against the five-year plan outlined at its 2017 Investor Day, and is meeting or exceeding stated targets.
“We are returning cash to shareholders and maintaining a strong balance sheet,” said Peabody. “We continue to invest in low-cost production growth, with our integrated operations adding consistent value.”
Husky will provide an update on its five-year plan delivery and 2022 targets at its 2018 Investor Day on May 29 in Toronto.
No new CFO has been announced, but the company’s Controller, Jeff Hart, has been appointed Acting CFO.
Hart is a Chartered Accountant and a member of the Canadian Institute of Chartered Accountants. He has a Bachelor of Commerce degree from Saint Mary’s University, Halifax, with finance and accounting majors. Hart has worked for Husky for eight years, advancing through a series of senior financial roles. Prior to joining Husky, he worked for Statoil, Imperial Oil and Deloitte.
(Husky Energy/Cenovus Energy Inc.)