Pourbaix diagram

NRG Energy Announces Leadership Changes

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Monday, November 20, 2023
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NRG Energy, Inc. (NYSE: NRG) (“NRG” or the “Company”) today announced that Lawrence Coben, Ph.D., Chair of the NRG Board of Directors, has been appointed Interim President and Chief Executive Officer and that Mauricio Gutierrez, NRG’s President and Chief Executive Officer, has departed the Company and resigned from the Board.

Key Points: 
  • NRG Energy, Inc. (NYSE: NRG) (“NRG” or the “Company”) today announced that Lawrence Coben, Ph.D., Chair of the NRG Board of Directors, has been appointed Interim President and Chief Executive Officer and that Mauricio Gutierrez, NRG’s President and Chief Executive Officer, has departed the Company and resigned from the Board.
  • The NRG Board has initiated a search to identify a permanent CEO and retained a leading search firm to assist with this process.
  • “Today, NRG is in a position of strength,” Dr. Coben said.
  • Their expertise will help ensure we capture the value we create by offering a smarter, cleaner and more digitally enhanced energy ecosystem.

Cenovus announces President & Chief Executive Officer succession

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Thursday, February 16, 2023
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CALGARY, Alberta, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that as part of the company’s leadership succession plan, Alex Pourbaix will shift to the role of Executive Chair and Jon McKenzie, the company’s current Executive Vice-President & Chief Operating Officer, will become President & Chief Executive Officer.

Key Points: 
  • CALGARY, Alberta, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced that as part of the company’s leadership succession plan, Alex Pourbaix will shift to the role of Executive Chair and Jon McKenzie, the company’s current Executive Vice-President & Chief Operating Officer, will become President & Chief Executive Officer.
  • “Under Alex’s exceptional direction, Cenovus has transformed into a resilient, integrated energy leader.
  • “The Board has dedicated significant time to ensuring Cenovus has a strong internal succession plan and Alex has guided the development of excellent CEO candidates.
  • He joined Cenovus in 2018 as Chief Financial Officer, and was instrumental in Cenovus's strategic merger with Husky Energy, where he served as Chief Financial Officer from 2015 to 2018.

Cenovus announces 2021 fourth-quarter and full-year results

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Tuesday, February 8, 2022
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2 Comparative figures include Cenovus results prior to the January 1, 2021 closing of the Husky transaction and do not reflect historical data from Husky.

Key Points: 
  • 2 Comparative figures include Cenovus results prior to the January 1, 2021 closing of the Husky transaction and do not reflect historical data from Husky.
  • 4 Prior period results have been restated to conform with the current definition of adjusted funds flow.
  • Cenovus continued to execute its NCIB announced in late 2021, which allows the company to purchase up to 146.5 million of its common shares.
  • In 2021, the company repurchasedapproximately 17 million common shares with another9 million bought back so far in 2022.

Cenovus releases 2022 budget, updated strategy and 5-year business plan

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Wednesday, December 8, 2021
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Operating costs for 2022 are expected to range between $10.50 per BOE and $12.00 per BOE, which are largely flat year-over-year.

Key Points: 
  • Operating costs for 2022 are expected to range between $10.50 per BOE and $12.00 per BOE, which are largely flat year-over-year.
  • Offshore production in 2022 is expected to be in the range of 64,000 BOE/d to 76,000 BOE/d.
  • For further details on Cenovuss 2022 budget, updated strategy and five-year business plan, see the companys Investor Day presentation and 2022 guidance available under Investors at cenovus.com .
  • Cenovus presents production volumes on a net to Cenovus before royalties basis, unless otherwise stated.