Royal Dutch Shell Plc  .com Rotating Header Image

Western Oil Sands Pres, CEO Turcotte To Resign

The Wall Street Journal: Western Oil Sands Pres, CEO Turcotte To Resign

DOW JONES NEWSWIRES

July 26, 2004 5:17 p.m.

Posted 27 July 04

CALGARY — Western Oil Sands Inc. (WTO.T) announced that Guy Turcotte anticipates stepping down as president and chief executive at the end of this year or early next year and moving to the position of chairman.

In a news release, the company said Turcotte will succeed Geoff Cumming as chairman and Cumming will remain a director.

Western Oil said it intends to establish a vice-chairman/lead director position to be held by an independent director who will provide independent advice and input in the management of governance issues for the board.

The board has established a search committee to find a suitable person for the position of CEO, it said, adding that the search should be concluded by the end of this year or early next year.

Western Oil holds a 20% undivided interest in the Athabasca Oil Sands Project together with Shell Canada Ltd. (SHC.T) (60%) and Chevron Canada Ltd. (20%).

Company Web Site: http://www.westernoilsands.com

-Wendy Tsau, Dow Jones Newswires; 416-306-2100

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.