alex pourbaix compensation
And in the oilpatch, many executives have taken pay cuts. At Cenovus, sustainability is essential to the way we do business. Jeff Bezos, the world’s richest man and CEO of Amazon, has a net worth of $189.4 billion. Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "estimate", "expect", "intend", "plan", "planned", and other similar terms and phrases. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. Cenovus Energy has established natural gas and crude oil production in Alberta and Saskatchewan as well as refineries in Illinois and Texas. Trican disclaims any intention or obligation to update or revise any forward-looking statements in this press release as a result of new information or future events, except as may be required under applicable Canadian securities legislation.
Between 2010-2019, companies in the S&P 500 Index distributed $5.3 trillion (U.S.) or 54 per cent of their profits, to shareholders in the form of stock buybacks. Economists like Rochon feel it’s up to governments to intervene by redistributing the economy’s wealth to average citizens by placing higher taxes on the rich, and closing down things like offshore tax havens the wealthy exploit. Its bitumen assets include Foster Creek, Christina Lake, and Narrows Lake, as well as other projects in the early stages of development. In the U.S., almost 40 million jobs were lost by the end of May. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. Total CEO Compensation. During his tenure at TransCanada, he gained extensive experience in corporate strategy, business development, mergers, acquisitions and divestitures, as well as stakeholder relations. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments.
Cenovus Energy Inc., together with its subsidiaries, develops, produces, and markets crude oil, natural gas liquids, and natural gas in Canada and the United States. Alexander Pourbaix is 54, he's been the President, Chief Executive Officer, and Director of Cenovus since 2017. On behalf of the Company's Board of Directors, management, employees and stakeholders, I would like to express our thanks to Alex for his dedication and leadership and wish him all the best in his future endeavors. Unauthorized distribution, transmission or republication strictly prohibited. share. Prior to Cenovus, Alex spent 27 years with TC Energy and its affiliates in a broad range of leadership roles, including Chief Operating Officer, where he was responsible for the company’s commercial activity and overseeing major energy infrastructure projects and operations.
In fact, Loblaws saw its grocery store sales jump 44 per cent during a two-week period in March, while the pandemic generating an extra $751 million in revenue during its first quarter. As the President, Chief Executive Officer, and Director of Cenovus, the total compensation of Alexander Pourbaix at Cenovus is CAD$9,046,320. T2P 4G8, Phone: +1 403.266.0202
“TransCanada is a great company and I have had a great friendship and work relationship with Russ for 26 years and I thought it was time to try some new opportunities.”. permissions/licensing, please go to: www.TorontoStarReprints.com.
We appreciate his time and efforts with the Company particularly in light of his tremendous obligations as the head of Cenovus. “So the government is coming in and subsidizing the poor, but the money doesn’t stay with them but goes to the rich, who are just not spending any money,” says Stevenson. In particular, this press release contains forward-looking statements pertaining to, but not limited to information regarding the retirement of Mr. Pourbaix and the appointment of his replacement.
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