Osum Oil Sands names ex-Suncor CEO George as chairman

Osum Oil Sands names ex-Suncor CEO George as chairman

Rick George, the recently retired chief executive of Suncor Energy Inc, has signed on as chairman of Osum Oil Sands Corp, a small, privately held company developing leases in the Cold Lake and Saleski regions of Alberta, Osum said on Monday.

George replaces Richard Todd, who was CEO and chairman of Osum through its start-up in 2006 until 2010 and has been a director since then.

Colorado-born George led Suncor for 21 years before retiring early this year. He oversaw Suncor as it became a dominant force in Canadian oil sands production and, with the 2009 takeover of Petro-Canada, the country’s largest oil company.

He recently published the book “Sunrise”, a mix of recollections of his tenure at Suncor, management philosophy and defenses of the oil and tar sands industries, which have come under increasing opposition from environmentalists, native groups and politicians of various stripes.

George is also on the boards of Anadarko Petroleum Corp and Royal Bank of Canada.

In September, Osum won regulatory approval for the first phases of its 45,000 barrels a day Taiga project, with first production targeted for 2016.


Recent News

  1. Waterous Energy Fund announces the final step of its acquisition of Osum Oil Sands Corp; shareholder meeting to be held April 30, 2021 to approve the transaction

  2. Waterous Energy Fund Announces Successful Take-Over Bid for Osum Oil Sands Corp., Commencement of Mandatory 10-Day Tender Extension Period, and Voluntary Resignation of Osum Directors and Officers

  3. Osum Board Withdraws its Recommendation that Shareholders Reject the Offer from Waterous Energy Fund

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