CFO leaves Husky Energy for Suncor

Canada’s Husky Energy Inc. has advised that effective July 18, 2014, Alister Cowan, Chief Financial Officer, will be leaving the Company to pursue other interests. He will be joining the compatriot energy company Suncor.

“We appreciate Alister’s contribution to the Company during his tenure here and wish him every success in his future endeavours,” said CEO Asim Ghosh.

Husky is well-positioned to continue to execute on its balanced growth strategy.

“We maintain a strong, investment-grade balance sheet to underpin our ability to consistently invest over the long term while delivering solid results to our shareholders,” said Ghosh.

Husky said that an announcement of a replacement would be made in due course.

Husky Energy is one of Canada’s largest integrated energy companies. It is headquartered in Calgary, Alberta, Canada and is publicly traded on the Toronto Stock Exchange under the symbol HSE and HSE.PR.A.

Also, Suncor Energy has today confirmed that Cowan will become the Executive Vice President and Chief Financial Officer of the company effective July 21, 2014.

As Suncor’s CFO, Alister will direct financial operations including controllers, investor relations, treasury, tax, internal audit and enterprise risk management.

“We are extremely pleased that Alister is joining Suncor’s leadership team,” said Steve Williams, president and chief executive officer. “With almost 30 years’ experience leading the finance function for a number of companies in the energy and utilities sectors, Alister has the breadth and depth of experience required to build on Suncor’s strong financial position, support the company’s strategic direction and focus on capital discipline and profitable growth.”