Irving, the chairman of the board of directors, has now assumed the role of chairman emeritus, a spokesperson said
The owner and family scion of Irving Oil has stepped down from his leadership role with the company, the Globe and Mail has learned.
“After careful consideration, Sarah Irving has had to make the difficult decision to depart from her leadership roles within the company,” wrote Ms. D’Entremont in an email statement to The Globe. “No decisions have been made about where this strategic review may lead. Consideration will be given to a new ownership structure, a full or partial sale, or a change in the portfolio of our assets and how we operate them,” said the statement, signed by Mr. Irving, his daughter and president Ian Whitcomb.
A multibillion-dollar sale or restructuring of the 99-year-old family controlled company would vastly alter the business landscape in the region.
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