Imperial Oil Ltd. is getting a new CEO on March 1 as its parent company shuffles some of Imperial’s top executives.
Bruce March, who has led Imperial since April 2008, is being assigned to another senior executive position within the Exxon Mobil group of companies.
He’ll be replaced as chairman, president and chief executive officer of Imperial by Rich Kruger, who has been president of Exxon Mobil Production and a vice-president of Exxon Mobil Corp. since 2008.
Exxon Mobil owns about 69.6 per cent of Calgary-based Imperial’s common stock, which is listed on the Toronto Stock Exchange.
Imperial is one of Canada’s largest oil and gas companies, worth about $36-billion.
Kruger has a mechanical engineering degree from the University of Minnesota and a master’s degree in business administration from the University of Houston.
He joined Exxon in 1981 in Houston and held various technical, supervisory and management positions throughout the United States in the 1990s, followed by postings at Exxon Mobil subsidiaries in the Asia Pacific and Middle East regions.
He was appointed Exxon Mobil Production’s vice-president for the United States in 2005 and named executive vice-president of that company the following year and president of Exxon Mobil Production in 2008.
March has been appointed senior vice-president of global operations for Exxon Mobil Chemical Co. He’ll be responsible for worldwide engineering, manufacturing technology and manufacturing operations for a chemical business with 17 major manufacturing sites in 11 countries.