Clive Mather is leaving the top spot at major oil player Shell Canada Ltd. as the company's Dutch parent completes a buyout of its Canadian subsidiary.
Mr. Mather has spent almost three years as the president and CEO of Shell Canada, which holds a large stake in the Athabasca Oil Sands Project and is a partner in the proposed Mackenzie gas pipeline project.
He will retire in June, the company said Thursday, after 38 years with Shell.
"During his tenure, Mr. Mather was instrumental in the largest acquisition in Shell Canada's history, BlackRock Ventures Inc., and in its largest capital investment, Athabasca Oil Sands Project Expansion 1," The company said in a release.
"Mr. Mather is widely respected as an industry spokesperson and for his leadership in the area of sustainable development."
On April 2, Royal Dutch Shell announced it had succeeded in acquiring 99 per cent of the Canadian subsidiary's shares.
Royal Dutch said Thursday that, Adrian Loader, its director of strategy and business development, will take on executive authority for Shell Canada on June 6.
He will form a joint team of Shell Canada and Royal Dutch executives to oversee the integration process, expected to wrap up by the end of the year.