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Cenovus appoints Husky Energy veteran as new CFO

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World Pipelines,

Cenovus Energy Inc. yesterday announced the appointment of Jonathan McKenzie as the company’s next Chief Financial Officer. He will replace Ivor Ruste who, as previously announced, will retire on 30 April 2018.

“We’re pleased to have Jon join Cenovus. His broad experience in the energy industry will be an asset to the company as we continue to focus on strengthening our balance sheet and lowering our cost structure,” said Alex Pourbaix, Cenovus President and Chief Executive Officer. “I want to thank Ivor for his guidance and leadership in his role as Chief Financial Officer and for his significant contribution to establishing and building Cenovus. On behalf of the company, I wish him all the best in his retirement.”

McKenzie comes to Cenovus from Husky Energy Inc. where he has been Chief Financial Officer since 2015. Previously, he worked at Irving Oil Ltd in the roles of Chief Financial Officer and Chief Commercial Officer, where he was responsible for all supply, trading and commercial aspects for the company including coordinating business development projects involving pipelines, rail and terminal operations. Prior to Irving, McKenzie worked for 10 years at Suncor Energy Inc. where he held increasingly senior roles in finance and operations.

“I’m excited to be joining the Cenovus team. It’s a company that has a great opportunity to deliver increasing value to shareholders,” said McKenzie. “I look forward to bringing the financial, commercial and operating experience from my previous roles to help the company achieve its full potential.”

McKenzie is a Chartered Professional Accountant and a member of the Chartered Professional Accountants of Alberta. He holds a Bachelor of Commerce and a Bachelor of Arts (Economics) from the University of Alberta.

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