FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a - 16 or 15d - 16 of
the Securities Exchange Act of 1934
For the month of: December 2011 |
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Commission File Number: 1-12384 |
SUNCOR ENERGY INC.
(Name of registrant)
150 6th Avenue S.W.
P.O. Box 2844
Calgary, Alberta
Canada, T2P 3E3
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F o |
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Form 40-F x |
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the SEC pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes o |
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No x |
If Yes is marked, indicate the number assigned to the registrant in connection with Rule 12g3-2(b):
N/A
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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SUNCOR ENERGY INC. | |
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Date: |
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By: |
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December 2, 2011 |
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Shawn Poirier |
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Shawn Poirier |
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Assistant Corporate Secretary |
EXHIBIT 99.1
Press Release dated December 1, 2011, Suncor Energy Announces Rick George Transition Plan and Retirement
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News Release |
FOR IMMEDIATE RELEASE
Suncor Energy announces Rick George transition plan and retirement
Chief Operating Officer Steve Williams appointed president and to the Board of Directors and will succeed George as chief executive officer
Calgary, Alberta (Dec. 1, 2011) Suncor Energy Inc. today announced Rick Georges plan to retire as chief executive officer at the companys Annual General Meeting in May 2012.
Rick has shown exceptionally strong leadership, helping to transform the company from an oil sands pioneer into Canadas largest energy company, said John Ferguson, chairman of Suncors Board of Directors. During his 21 years as chief executive officer, Suncor has implemented game-changing technologies, merged with Petro-Canada, and increased production nearly ten-fold from 58,000 barrels per day in 1991. We deeply appreciate his commitment to Suncor, and also his commitment to the industry and his contributions to Alberta and Canada.
Steve Williams, Suncors chief operating officer since 2007 is appointed as the president and a member of the companys Board of Directors effective immediately. He will assume the role of chief executive officer upon Georges retirement next May.
We are pleased to appoint Steve president and a member of Suncors Board of Directors, said Ferguson. This is another step in the implementation of our CEO succession plan. Steve has worked closely with Rick for many years and has demonstrated the ability to lead Suncor in executing on its strategy of growth and reliability. He has an intimate knowledge of Suncors oil sands operations, combined with a significant depth of industry experience, including both upstream and downstream operations.
Ive been fortunate to work with great people during my time at Suncor, George noted. My thanks go to the Board of Directors for their vision and support, our executive team for their strategic thinking and commitment, and Suncors 13,000 plus employees for their hard work and dedication. Im very proud of what weve accomplished together and excited about what lies ahead for the company.
I think the time for this transition is right, George added. The merger with Petro-Canada is successfully behind us, were on track to have a record year in terms of cash flow and earnings, the balance sheet is very strong and we have a detailed 10-year growth plan in an industry where many players are struggling to grow. Our corporate strategy positions Suncor very well for the long term.
Im confident Steve will bring the necessary expertise, vision, and business acumen to the position, George continued. In 2007, we appointed Steve as chief operating officer based on his extensive knowledge of the company and our industry and his leadership capability. His proven commitment to the safety, people, reliability and sustainability aspects of our business, as well as his dedicated effort to foster industry collaboration will serve Suncor well going forward.
Williams joined Suncor in 2002 as executive vice president, corporate development and chief financial officer. He served as executive vice president, Oil Sands for four years where he was responsible for leading Suncors oil sands operation through a significant period of growth.
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Suncor Energy Inc. 150, 6 Avenue S.W., Calgary, Alberta T2P 3E3 Website: www.suncor.com |
Im really looking forward to the opportunities and challenges that come with this new role, commented Williams. This is an exciting time for Suncor. Weve already set new performance records this year. A key focus for me will be to ensure we continue to improve our reliability while executing on our business strategy in a way that will maximize the return to our shareholders.
Williams has 35 years of international energy industry experience. He has also provided leadership in the areas of strategy development, performance improvement, environment, health and safety, finance, sales and marketing, human resources and information technology.
Todays announcement follows the achievement of a series of key milestones for the company, including a successful third quarter, which saw record production and earnings. The company has a strong balance sheet, due to reliable performance, significant cash flow from its integrated operations and efforts to reduce debt. Suncor also announced a 10-year growth strategy in 2010.
Suncors environmental track record includes the successful surface reclamation of the industrys first tailings pond and implementation of TROTM, a new tailings management technology, which will significantly speed the time to reclamation of disturbed land area. Strategic investments in five wind farms - a sixth is in development - and development and operation of Canadas largest ethanol plant have also been key elements of the companys sustainability efforts. The company has been consistently listed on the Dow Jones Sustainability Index, the Jantzi Social Index, and FTSE4Good Index. Suncor has also received numerous awards for environmental initiatives and reporting.
Community investment continues to be a key focus for the company. Investments made through the Suncor Energy Foundation, created in 1998, as well as ongoing corporate support have resulted in an overall investment of $110 million in communities.
Suncor Energy Inc. is Canadas premier integrated energy company. Suncors operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand. While working to responsibly develop petroleum resources, Suncor is also developing a growing renewable energy portfolio. Suncors common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
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Note to Editors and News Directors
A news conference will be held today at 10 a.m. MT / 12 p.m. ET in the Bonavista Room, Westin Calgary Hotel (320, 4 Avenue S.W.).
A question and answer period will follow brief remarks from Rick George and Steve Williams.
The news conference will be broadcast via teleconference (listen-in capability only).
To listen to the news conference:
If calling from North America, dial toll-free: 1-800-272-9104
If calling from outside North America, dial: +1-303-223-2696
To access an archive of the news conference, please visit: www.suncor.com/webcast.
For more information about Suncor Energy, please visit our web site at www.suncor.com.
Media inquiries: |
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Investor inquiries: |
403-296-4000 |
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800-558-9071 |
media@suncor.com |
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invest@suncor.com |