Husky Welcomes New CEO

Husky announced the appointment of Asim Ghosh as President and Chief Executive Officer of the Company, effective June 1, 2010.

Mr. Asim Ghosh was appointed to the Husky Board of Directors in May, 2009. He is the former Managing Director and Chief Executive Officer of Vodafone Essar Limited. Under his leadership, the cellular phone company grew from a virtual startup in 1998 to become one of the largest mobile companies in the world by subscribers, creating substantial shareholder value.

"Mr. Ghosh has demonstrated his vast executive experience and sound business judgment on Husky's Board of Directors. We are confident in the future of this Company under his leadership," said Husky Board co-chairmen Victor Li and Canning Fok in a joint statement. "The Board believes Mr. Ghosh's global perspective and proven ability to take companies to the next level will advance Husky's mandate of strategic growth and creation of shareholder value."

Husky Energy is looking forward to its next decade of growth. The Company is well positioned for further development and expansion with a healthy balance sheet and a rich inventory of high-quality assets in Western Canada, offshore Newfoundland, the United States, Greenland and South East Asia.

The Board expresses its thanks to Mr. John Lau for his leadership in guiding Husky Energy over the past two decades and for transforming the Company into a top-performing player in the global energy market.

"John has built Husky into a successful and respected company on the global energy scene and he deserves the highest praise for its performance and success," said co-chairmen Victor Li and Canning Fok. "John will relocate to Hong Kong, where he will assume responsibility for leading the development of the Company's businesses in the Asia-Pacific Region."