Pengrowth Energy Corp. (NYSE: PGH) said Feb. 20 it has appointed Peter Sametz as president, CEO and as a member of the board of directors effective March 15th, 2018.
Peter replaces Derek Evans who will be retiring as an officer and director of the company on March 14th, 2018. Derek will continue in a transitional advisory role reporting to the board chair until June 30th, 2018 to provide support during the leadership transition.
Pengrowth’s chairman of the board of directors Kel Johnston said Sametz’s “strategic knowledge of the current and emerging technologies available to enhance value on this world class asset at manageable capital levels provides tremendous opportunity” to the company.
“We wish Derek well in all his future endeavors’ and thank him for his leadership and his outstanding personal contribution in the transformation of Pengrowth from a legacy conventional producer with limited opportunities to a top quartile SAGD producer with over 30,000 [barrels per day] of future development opportunities,” Johnston added.
Sametz has over 35 years of experience in a variety of technical and leadership roles including in heavy oil, bitumen, SAGD, steam/power and the engineering, procurement and construction sectors.
Sametz, who holds a bachelor of engineering degree from Carleton University, has held various roles at numerous public and private companies and industry associations.
Recommended Reading
Marathon Oil Declares 1Q Dividend
2024-04-26 - Marathon Oil’s first quarter 2024 dividend is payable on June 10.
No Silver Bullet: Chevron, Shell on Lower-carbon Risks, Collaboration
2024-04-26 - Helping to scale lower-carbon technologies, while meeting today’s energy needs and bringing profits, comes with risks. Policy and collaboration can help, Chevron and Shell executives say.
Canadian Railway Companies Brace for Strike
2024-04-25 - A service disruption caused by a strike in May could delay freight deliveries of petrochemicals.
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
2024-04-25 - Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.
Energy Transfer Ups Quarterly Cash Distribution
2024-04-25 - Energy Transfer will increase its dividend by about 3%.