Husky Energy promotes acting CFO to permanent position

  • Business & Finance

Canada’s Husky Energy has promoted its acting chief financial officer to a permanent CFO position in the company.

SeaRose FPSO; Photo by: Berardo62; Source: Wikimedia – under the CC BY-SA 2.0 license

Husky said on Friday that it named chartered professional accountant Jeff Hart as its new CFO.

He continues to be responsible for the financial management of Husky, including controllers, treasury, tax, credit, and internal audit.

Before his appointment, Hart was the vice president at Husky leading upstream and downstream finance, finance process governance and projects, as well as corporate accounting and reporting. He joined Husky in 2010.

Before joining Husky, he held finance positions in the offshore, oil sands, and petrochemical operations at Statoil (now Equinor), Norsk Hydro, and Imperial Oil.

Rob Peabody, Husky Energy’s CEO, said: “Jeff is already an integral member of our executive management team, having served as our acting CFO since April 2018, and has extensive experience in progressively senior finance roles at Husky. As such, he is well positioned to ensure the successful execution of our five-year-plan.”

It is worth reminding that Hart took over as Husky Energy’s acting CFO after Jonathan McKenzie, the company’s CFO at the time, decided to resign after three years in the role.

In recent company news, Husky Energy shut-in oil production at the White Rose field on November 15 due to operational safety concerns resulting from severe weather.

A spill occurred on November 16 when Husky tried to restart production. The SeaRose FPSO experienced a loss of pressure from a subsea flowline to the South White Rose Drill Center, which is located in the White Rose field some 350 km southeast from St. John’s. Production still has not been restored.

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