Husky Energy Chief Executive to Retire, Promotes COO
CALGARY, Alberta, Oct 26 (Reuters) – Canadian oil producer Husky Energy said its chief executive, Asim Ghosh, will retire on Dec. 5 after seven years at the helm.
Rob Peabody, who has been Husky's chief operating officer since 2006, will be its new CEO, the company said in a statement on Wednesday.
Calgary-based Husky is controlled by Hong Kong billionaire Li Ka-shing and like many of its peers has been struggling to handle a more than two-year slump in global crude prices.
The company, Canada's fifth-largest oil producer, reports third-quarter results on Thursday and analysts are predicting a loss of 8 Canadian cents per share, according to Thomson Reuters I/B/E/S.
Ghosh will remain on Husky's board, which Peabody will also join.
Husky said Peabody started his career in Canada and has worked internationally with leadership roles in every segment of the business, including senior positions in exploration and production, midstream and downstream.
The company has oil and gas operations in Canada and Southeast Asia. It owns all or part of four refineries in North America and operates a heavy oil upgrader at Lloydminster, Saskatchewan.
(Reporting by Nia Williams; Editing by Gopakumar Warrier)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Weatherford CEO's Rebound Plan Relies On Getting Smaller
- Iran Says Oil Market Is Too Tight For US Zero Exports Target
- China's Squeezed 'Teapots' Eye Petchem Path To Riches
- Baker Hughes: US Drillers Add Oil Rigs For Second Week In Three
- Venezuela Hands China More Oil Presence, But No Mention Of New Funds
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call