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Be the first with the news that moves the market- Canadian oil and gas giant Suncor Energy (SU) has appointed Jean Paul “JP” Gladu to its Board of Directors.
- With more than 25 years of experience in the natural resources sector, JP currently serves at President of A2A Rail and sits on the board of Noront Resources
- Most recently he acted as President and CEO of the Canadian Council for Aboriginal Businesses, which he held for approximately eight years
- He holds a forestry technician diploma, an undergraduate degree in forestry from Northern Arizona University and an Executive MBA from Queen’s University in Ontario
- Suncor Energy (SU) is currently up 1.7 per cent to C$20.31 per share
Canadian oil and gas giant Suncor Energy (SU) has appointed Jean Paul “JP” Gladu to its Board of Directors.
With a career in Canada’s natural resources sector spanning more than 25 years, JP currently serves as President of the Alaska-Alberta railway network A2A Rail and sits on the board of Toronto-based Noront Resources.
Most recently, he acted as President and CEO of the Canadian Council for Aboriginal Businesses, a position he held for approximately eight years.
JP holds a forestry technician diploma, an undergraduate degree in forestry from Northern Arizona University and an Executive MBA from Queen’s University in Ontario. He also received ICD.d designation from the Institute of Corporate Directors Rotman School of Management at the University of Toronto.
“For more than 25 years, JP has worked to build relationships among Canada’s natural resource sectors and Indigenous communities and organisations, and environmental non-government organisations,” said Michael Wilson, Chair of Suncor Energy’s Board of Directors.
“He has played a significant part in the increasing role for and development of Indigenous-owned businesses within Canada. The Board is looking forward to working closely with him,” he added.
JP’s appointment follows the release of Suncor’s third-quarter results, which were published on October 28.
For the three months ending September 30, 2020, the company posted an operating loss of C$302 million compared to operating earnings of more than $1.1 billion in the same period last year.
While it represents a major improvement compared to an operating loss of almost $1.5 billion in the second quarter of 2020, Suncor said it continues to be impacted by decreased crude oil and refined product realisations, primarily due to the impact of the COVID-19 pandemic.
Suncor Energy (SU) is currently up 1.7 per cent to $20.31 per share at 9:52am EST.
