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Canada’s Imperial Oil says senior executive to leave for Exxon Mobil

by
January 10, 2025
in Investing
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Canada’s Imperial Oil says senior executive to leave for Exxon Mobil

(Reuters) – Canadian oil refiner Imperial Oil (NYSE:IMO) said on Friday senior executive Sherri Evers will join major shareholder Exxon Mobil (NYSE:XOM), effective March 1.

Evers, who is currently senior vice president, sustainability, commercial development and product solutions at Imperial, will become North America Lubes general manager at Exxon.

“Sherri successfully led a diverse portfolio contributing to Imperial’s business and strategic projects, including the Strathcona renewable diesel project in the Downstream and development of our new Low Carbon Solutions business,” Imperial CEO Brad Corson said in statement.

In 2023, Imperial Oil had said it would invest C$720 million ($539 million) to construct Canada’s largest renewable diesel facility at its Strathcona refinery near Edmonton, Alberta with a capacity to produce 20,000 barrels per day of the fuel.

This post appeared first on investing.com
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