Imperial Oil Gets New Leader
Imperial Oil Limited has revealed that B.W. Corson will take on the role of chairman, president and CEO on January 1, 2020.
Corson became president of the company on September 17. The company’s current chairman and CEO, R.M. Kruger, will retire at the end of December.
“On behalf of the Imperial board of directors, I would like to thank Rich Kruger for his outstanding leadership and dedication over the last almost seven years,” Imperial Oil Limited board member, Krystyna Hoeg, said in a company statement.
“During his tenure, Rich has led the organization through a period of record upstream growth, exceptional downstream financial and operational performance, and unprecedented returns to shareholders in the form of share repurchases and dividend growth,” Hoeg added.
Corson is a graduate of Auburn University’s chemical engineering program. He joined Exxon in 1983 in New Orleans, Louisiana, as a project engineer. Over his 36-year career with Exxon, he has held a variety of technical, operations, commercial and managerial assignments around the world.
Kruger began his career with Exxon in 1981 in Houston, Texas, and held various technical and management positions throughout the United States. He began his tenure as chairman, president and CEO of Imperial Oil Limited in 2013.
Imperial Oil is an integrated energy company and Canada's largest refiner of petroleum products, according to its website. ExxonMobil owns 69.6 percent of the company, which traces its roots back to 1880.
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