Board of Directors today announced plans for Rich Kruger, current President and Chief Executive Officer, to transition to the role of Executive Vice Chair in April 2027. Peter Zebedee, currently Executive Vice President Upstream, will be named President and Chief Executive Officer concurrent with Rich assuming his new role. To support this transition, Peter will be appointed President and Chief Financial Officer on September 14, 2026, with oversight of all non-operating functions. This plan is the result of a rigorous succession process led by the Board.

"Rich's exceptional leadership as President and Chief Executive Officer has transformed the company," said Board Chair Russ Girling. "During his tenure, Suncor has delivered record-breaking financial and operating results, including setting a new standard for safety. The Board expresses its sincere appreciation for the solid foundation and culture of excellence that has been established, which will set Suncor up for success in the years ahead. We look forward to working with Rich in his new capacity and continuing to receive the benefit of his experience and leadership to support best-in-class performance that continues to maximize shareholder value."

"With the transformation of Suncor successfully institutionalized, I look forward to continuing to work with the Executive Leadership Team as I transition to my new role in 2027," said Rich Kruger. "Having worked side by side with Peter for years, I have complete confidence in his ability to lead this great company and execute the compelling strategy that has been established."

Peter Zebedee has over 30 years of industry experience and is widely recognized for his commitment to safety, operational excellence and track record of delivering results. Since joining the company in 2022, Peter has driven step-change improvements in upstream personnel safety, operational integrity, asset utilization and profitability. Prior to joining Suncor, Peter was Chief Executive Officer of LNG Canada, overseeing one of the largest private-sector energy investments in Canadian history. His career spans multiple roles with Shell, Petro-Canada and Syncrude, where he developed his deep expertise in upstream and downstream operations, broad business acumen and ability to lead large organizations to achieve exceptional results.