Suncor Energy (TSX: SU) (NYSE: SU) announced that Rich Kruger, President and Chief Executive Officer, will transition to the role of Executive Vice Chair in April 2027, with Peter Zebedee, currently Executive Vice President Upstream, set to become President and CEO at that time.

As part of the transition, Zebedee will be appointed President and Chief Financial Officer on September 14, 2026, taking oversight of all non-operating functions. The company said the succession plan was the result of a process led by its Board of Directors.

Zebedee has more than 30 years of industry experience. Before joining Suncor in 2022, he served as CEO of LNG Canada. His career includes roles at Shell, Petro-Canada, and Syncrude.

The company also announced additional leadership changes effective September 14. Adam Albeldawi, currently Chief Human Resources Officer and Senior Vice President External Affairs, will become Executive Vice President Upstream. Shelley Powell, currently Senior Vice President Operations Improvement and Support Services, will become Executive Vice President Development and Projects.

The company also confirmed that Troy Little, formerly Chief Financial Officer, is no longer with Suncor.