Suncor Energy Management

Management criteria checks 0/4

We currently do not have sufficient information about the CEO.

Key information

Rich Kruger

Chief executive officer

CA$36.8m

Total compensation

CEO salary percentage	2.6%
CEO tenure	1.4yrs
CEO ownership	n/a
Management average tenure	1.3yrs
Board average tenure	2.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rich Kruger's remuneration changed compared to Suncor Energy's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	CA$8b
Mar 31 2024	n/a	n/a	CA$8b
Dec 31 2023	CA$37m	CA$970k	CA$8b

Compensation vs Market: Rich's total compensation ($USD27.25M) is above average for companies of similar size in the German market ($USD5.35M).

Compensation vs Earnings: Insufficient data to compare Rich's compensation with company performance.

CEO

Rich Kruger (64 yo)

1.4yrs

Tenure

CA$36,846,735

Compensation

Mr. Richard M. Kruger, also known as Rich, is President, CEO & Director of Suncor Energy Inc. since joining on April 03, 2023. He served as Chairman & Chief Executive Officer of Imperial Oil Ltd. a subsidi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Kruger	President	1.4yrs	CA$36.85m	no data
Kristopher Smith	Chief Financial Officer	1.3yrs	CA$9.90m	0.0068% CA$ 2.8m
Shelley Powell	Senior VP of Operational Improvement & Support Services	less than a year	CA$4.06m	0.0024% CA$ 992.3k
Peter Zebedee	Executive Vice President of Oil Sands	2.5yrs	CA$4.52m	0.00014% CA$ 58.6k
David Oldreive	Executive Vice President of Downstream	1.3yrs	CA$7.51m	no data
Troy Little	Vice President of IR	no data	no data	no data
Jacqueline Moore	General Counsel & Corporate Secretary	1.7yrs	no data	0.000050% CA$ 20.9k
Kent Ferguson	Senior Vice President of Strategy	less than a year	no data	0.0047% CA$ 2.0m
Arnel Santos	Senior Vice President of Refining & Logistics	no data	no data	no data

1.3yrs

Average Tenure

Experienced Management: SM3's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Kruger	President	1.4yrs	CA$36.85m	no data
Mary Sheppard	Independent Director	2.2yrs	CA$300.00k	0.0012% CA$ 506.6k
Russell Girling	Independent Chairman	3.3yrs	CA$315.00k	0.0045% CA$ 1.9m
Christopher Seasons	Independent Director	2.2yrs	CA$300.00k	0.00048% CA$ 201.0k
Jane Peverett	Independent Director	less than a year	CA$101.50k	no data
Patricia Bedient	Independent Director	8.6yrs	CA$331.75k	0.00051% CA$ 213.5k
Ian Ashby	Independent Director	2.2yrs	CA$306.00k	no data
Brian MacDonald	Independent Director	6.2yrs	CA$316.00k	0.0010% CA$ 427.1k
Lorraine Mitchelmore	Independent Director	4.8yrs	CA$310.00k	0.00011% CA$ 46.1k
Daniel Romasko	Independent Director	1.5yrs	CA$556.00k	no data
Jean-Paul Gladu	Independent Director	3.8yrs	CA$307.05k	0.00034% CA$ 142.4k

2.2yrs

Average Tenure

64yo

Average Age

Experienced Board: SM3's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.

Suncor Energy Management

Management criteria checks 0/4

Key information

Recent management updates

Suncor Energy Inc., Annual General Meeting, May 07, 2024

Suncor Appoints Kent Ferguson as Senior Vice President, Strategy, Sustainability and Corporate Development, Effective January 2024

Suncor Energy Inc. Appoints Jane Peverett to the Board Effective September 1, 2023

Suncor Appoints Dave Oldreive as Executive Vice President, Downstream

Chief Sustainability Officer recently bought €265k worth of stock

Suncor Energy Inc., Annual General Meeting, May 09, 2023

Recent updates

Second quarter dividend of CA$0.55 announced

Suncor Energy Inc. announces Quarterly dividend, payable on September 25, 2024

Second quarter 2024 earnings released: EPS: CA$1.22 (vs CA$1.44 in 2Q 2023)

Suncor Energy Inc. to Report Q2, 2024 Results on Aug 06, 2024

Upcoming dividend of CA$0.55 per share

First quarter dividend of CA$0.55 announced

First quarter 2024 earnings released: EPS: CA$1.25 (vs CA$1.54 in 1Q 2023)

Suncor Energy Inc. to Report Q1, 2024 Results on May 07, 2024

Full year 2023 earnings released: EPS: CA$6.34 (vs CA$6.54 in FY 2022)

Fourth quarter dividend of CA$0.55 announced

Suncor Energy Inc., Annual General Meeting, May 07, 2024

Suncor Energy Inc. to Report Q4, 2023 Results on Feb 21, 2024

Suncor Appoints Kent Ferguson as Senior Vice President, Strategy, Sustainability and Corporate Development, Effective January 2024

Upcoming dividend of CA$0.55 per share at 4.8% yield

Suncor Energy Inc. (TSX:SU) completed the acquisition of Total E&P Canada Ltd. from TotalEnergies SE (ENXTPA:TTE).

Suncor Energy Inc. Approves Quarterly Dividend, Payable December 22, 2023

Third quarter 2023 earnings released: EPS: CA$1.19 (vs CA$0.45 loss in 3Q 2022)

Suncor Energy Inc. to Report Q3, 2023 Results on Nov 08, 2023

Suncor Energy Inc. Appoints Jane Peverett to the Board Effective September 1, 2023

Upcoming dividend of CA$0.52 per share at 4.7% yield

New minor risk - Earnings quality

Suncor Continues Talks to Buy TotalEnergies Fort Hills Oil Sands Stake

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: CA$1.44 (vs CA$2.84 in 2Q 2022)

Now 21% undervalued after recent price drop

Suncor Appoints Dave Oldreive as Executive Vice President, Downstream

Suncor Energy Inc. to Report Q2, 2023 Results on Aug 01, 2023

Upcoming dividend of CA$0.52 per share at 5.4% yield

Chief Sustainability Officer recently bought €265k worth of stock

Suncor Energy Inc. Approves Quarterly Dividend, Payable on June 26, 2023

First quarter 2023 earnings released: EPS: CA$1.54 (vs CA$2.06 in 1Q 2022)

Investor sentiment deteriorates as stock falls 18%

Upcoming dividend of CA$0.52 per share at 4.7% yield

Suncor Energy Approves Quarterly Dividend on its Common Shares, Payable March 24, 2023

Full year 2022 earnings released: EPS: CA$6.54 (vs CA$2.77 in FY 2021)

Suncor Energy Inc. Updates Production Guidance for 2023

Suncor Energy Inc., Annual General Meeting, May 09, 2023

Suncor Energy Inc. (TSX:SU) completed the acquisition of an additional 14.65% equity stake in Fort Hills Energy Limited Partnership from Teck Resources Limited (TSX:TECK.B) for approximately CAD 690 million.

Canadian Utilities Limited (TSX:CU) acquired Portfolio of Wind and Solar Assets and Projects Located in Alberta and Ontario from Suncor Energy Inc. (TSX:SU) for approximately CAD 710 million.

Suncor Energy Inc. to Report Q4, 2022 Results on Feb 14, 2023

Suncor Energy Inc. Provides Production Guidance for the Year 2023

Upcoming dividend of CA$0.52 per share

Suncor Energy Increases Quarterly Dividend, Payable on December 23, 2022

Third quarter 2022 earnings released: CA$0.45 loss per share (vs CA$0.59 profit in 3Q 2021)

Suncor Energy Inc. (TSX:SU) agreed to acquire additional 21.3% equity stake in Fort Hills Energy Limited Partnership from Teck Resources Limited (TSX:TECK.B) for approximately CAD 1 billion.

Suncor Energy Inc. (TSX:SU) agreed to acquire additional 21.3% equity stake in Fort Hills Energy Limited Partnership from Teck Resources Limited (TSX:TECK.B) for approximately CAD 1 billion.

Investor sentiment improved over the past week

Canadian Utilities Limited (TSX:CU) entered into a definitive agreement to acquire a Portfolio of Wind and Solar Assets and Projects Located in Alberta and Ontario of Suncor Energy Inc. (TSX:SU) for approximately $730 million.

Suncor Energy Inc Commences Tender Offers for Ten Series of Notes

Suncor Energy Inc. to Report Q3, 2022 Results on Nov 02, 2022

Independent Director recently bought €115k worth of stock

Suncor Energy Inc. Provides Production Guidance for the Year 2022

Suncor Energy Inc. Announces Executive Changes

Suncor Energy Announces Board Changes

Suncor Energy Inc. to Report Q2, 2022 Results on Aug 04, 2022

Suncor Energy Inc. (TSX : SU) and Cenovus Energy Inc. (TSX : CVE) acquired additional 12.5% minority stake in White Rose Asset for CAD 50 million.

Upcoming dividend of CA$0.47 per share

Independent Director recently bought €663k worth of stock

Suncor Energy Inc. Elects Jean Paul Gladu as Board Member

Suncor Energy Approves Quarterly Dividend, Payable June 24, 2022

First quarter 2022 earnings released: EPS: CA$2.06 (vs CA$0.54 in 1Q 2021)

Investor sentiment improved over the past week

Upcoming dividend of CA$0.42 per share

Suncor Energy Inc. to Report Q1, 2022 Results on May 09, 2022

Suncor Considers Part Sale of Stake in Rosebank

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Suncor Energy Declares Quarterly Dividend, Payable on March 25, 2022

Suncor Reportedly Preparing to Launch Formal Process to Sell Norway Assets

Suncor Energy Inc. Announces Production Updates