Cenovus Energy CEO Alex Pourbaix is stepping down

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Cenovus Energy CEO Alex Pourbaix is stepping down
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Cenovus Energy CEO Alex Pourbaix is stepping down and current executive vice\u002Dpresident Jon McKenzie will take over the helm. Read more

Pourbaix will shift to the role of executive chairman and current executive vice-president Jon McKenzie will take over as chief executive following the company’s annual general meeting in April 26, the company said in a release.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

“One of Cenovus’s greatest strengths is the company’s exceptionally talented people and I’m very proud of what we’ve been able to achieve together,” Pourbaix said. “Jon – with his leadership strength, strategic vision, financial discipline, commercial acumen and knowledge of the business – is more than ready for the president & CEO role. I’m excited to continue working closely with Jon to support Cenovus and our industry as executive chair.

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