Suncor Energy announces retirement of CFO Kris Smith
Suncor Energy has announced that Kris Smith, the company’s chief financial officer, will retire on December 31, 2025, after more than 25 years of service.
During his tenure at the Company, Smith has held several roles prior to his current role, including executive vice-president, downstream and interim chief executive officer.
“Kris’ dedication to Suncor has contributed significantly to our success and I would like to both congratulate and thank him on behalf of the Company, our employees and the Board of Directors,” said Rich Kruger, Suncor’s president and CEO. “One of the major drivers behind Suncor’s industry leading performance over the past few years is its strong executive leadership team and the disciplined approach to succession planning underpinning it. The company takes a deliberate, long-term and proactive approach to ensuring that it has multiple high-quality candidates available for each executive role to continue to drive both high performance and further institutionalize our strong performance-based culture.”
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Smith will take on an executive advisory role at the Suncor to ensure a smooth transition leading up to his retirement at year-end. Troy Little, currently senior vice-president, external affairs, will be appointed chief financial officer. He will be responsible for all financial functions including controllers, treasury, tax, internal audit and enterprise risk management as well as information technology.
“We are pleased to have Troy step into this important role, bringing with him deep relationships with the investment community as well as a sharp focus on performance,” said Kruger.
Adam Albeldawi, currently Suncor’s chief human resources officer (CHRO), will be appointed CHRO and SVP, external affairs and will take on the additional responsibilities of investor relations, government affairs and public affairs.
“Over the past nearly 20 years, Adam’s operational, commercial, and performance-oriented success record reflects his broad experience, his commitment to excellence, and his overall understanding of Suncor and the energy sector,” said Kruger.
