“I think there needs to be some new thinking” when it comes to the board, said Norman Levine, a recently-retired managing director of Portfolio Management Corp. who says he’s personally owned Suncor for decades and currently holds thousands of shares. “I am glad there is a change of CEO at the top. Sorry that it took somebody dying for it to happen.”
Laura Lau, chief investment officer of Suncor shareholder Brompton Funds, said she expects some longtime board members, like 18-year veteran Maureen McCaw and 16-year member Eira Thomas, might opt to exit before a new CEO takes the reins. “You might have some people who want to be refreshed out,” she said. “Do you want to be associated with this?”
McCaw didn’t immediately respond to a message sent via LinkedIn, while Thomas declined to comment when reached by phone.
Suncor has installed Kris Smith, executive vice president for downstream, as interim CEO while it…
