More big leadership changes at Irving Oil amid a strategic review of the company’s operations.
Ian Whitcomb is stepping down from his role as president, the company announced Monday.
It was a “personal decision,” according to a company statement, noting that Whitcomb will stay on until June 9.
“I am very proud of our team and what we have accomplished together,” Whitcomb was quoted in the statement.
“Our whole Irving Oil team has worked to make the company stronger by focusing on safety, operational excellence and our customers, including adding significant growth in Ireland and New England and developing a strategy to guide Irving Oil through this time of energy transition.”
The news comes just over four months after Arthur Irving stepped down as chairman of the New Brunswick-based company.
His daughter, Sarah Irving, also resigned from her leadership roles at the same time. She had been the company’s executive vice-president and chief brand officer.
All of this is taking place against the backdrop of a strategic review the company first announced in June.
The company said no decisions have been made about where the strategic review may lead but that several options are on the table.
They include a new ownership structure, a “full or partial sale,” and changing its portfolio and assets.
“The strategic review of the company is ongoing and outcomes associated with it are not yet clear,” Maureen Kempston-Darkes, lead director of Irving Oil’s board of directors, said in the statement.
“Decisions related to Ian Whitcomb’s replacement have not yet been made.”
Jeff Matthews, Irving Oil’s chief financial officer, will take the leadership role in the strategic review process, according to the company.
Whitcomb was named president of Irving Oil back in 2015.
