Suncor Energy Enters into Agreement with Elliott Investment Management

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Suncor Energy (SU) Reaches an Agreement With Elliot Investment Management

July 18, 2022 4:05 PM EDT

Suncor Energy (NYSE: SU) announced Monday that it had reached an agreement with Elliott Investment Management to appoint three new independent directors, two of whom will serve on the CEO search committee and form a new committee to oversee a strategic review of Suncor's downstream retail business.

"These actions build on Suncor's ongoing efforts to enhance safety, reliability and operational excellence and to restore Suncor's industry leadership," Suncor... More