Rick george and steve williams discuss the suncor energy. Suncor, petrocanada complete merger denver business journal. Two decades ago, rick george looked at the patch of land around fort mcmurray, alberta and saw dollar signs where most people saw headaches. Hailing from the small ranching community of brush. Hannahs hyperbole and camerons hypocrisy in his new book, rick george, chief executive of energy giant suncor energy inc. He is admired not just by analysts and shareholders, but also by other industry executives. John lawrence reynolds a look at the future of the energy sector and the rise of canadian oil corporation, suncor energy, by the companys former ceo, rick george. Oilsands pioneer rick george, who led suncor energy for 21 years as president and ceo, died tuesday from complications of. Sun rise by richard george overdrive rakuten overdrive. Rick george, who retired from the top job at suncor energy inc. Former suncor ceo rick george has died at 67 canadian. Rick george, former ceo of suncor energy and a pioneer of canadas oilsands industry, has died at the age of 67 after a battle with acute myeloid leukemia.
The book value is essentially the tangible accounting value of a firm compared to the market value that is shown. Im talking to rick george, who is the ceo of suncor energy. Rick george, former suncor ceo at the spe heavy oil conference. Both a contrarian and an optimist, george often made multibilliondollar moves despite deep skepticism within the industry. A central figure in canadas oil and gas industry, george is credited with turning suncor around, transforming a small, moneylosing u. Young women in energy lessons on the value of listening. Calgary rick george, former ceo of suncor energy and a pioneer of canadas oilsands industry, has died at the age of 67 after a battle with acute myeloid leukemia.
As the head of suncor, he took some gambles, listened. Former suncor ceo rick george and his new book in calgary. George joined in 1991, took public in 1992, transformed into. Today id like to talk to you about essentially four things. Suncor, the oil sands and the future of energy by richard george at indigo. Rick george, champion of albertas oilsands, left things better than. Suncor, the oil sands and the future of energy, book. Richard george, suncor energys chief executive officer, is so well known that his name is practically a household word. Rick george, described as one of the pioneers of oil sands mining, passed away on aug. Suncor, the oil sands and the future of energy, rick george with john lawrence reynolds. Calgaryrick george, former ceo of suncor energy and a pioneer of canadas oilsands industry, has died at the age of 67 after a battle with acute myeloid leukemia. Price to book value is a valuation ratio that is measured by stock price book value per share. Su in may following a twodecade tenure, makes the argument in his newly released book sun rise.
I caught up with rick george, former ceo of suncor, to talk to him about his recent book sun rise. I have registered the book as a canada 150 publication, so it. He was named canadas outstanding ceo of the year in 1999 after leading a remarkable business turnaround at suncor, and he re. When rick george became chief executive of suncor energy in 1991, the fledgling companys assets included a moneylosing oilsands plant, a smattering of retail gas stations and. Rick george alberta business hall of fame southern alberta. He was named canadas outstanding ceo of the year in 1999 after leading a remarkable business turnaround at suncor, and he received the canadian business leader award from the alberta school of business in 2000. George was the president and ceo of suncor energy inc. Suncor chief executive rick george l and petrocanada chief executive ron brenneman shake hands during a media conference in calgary march 23, 2009. Rick george, former suncor energy ceo and pioneer of. The canadian energy sector smost prominent business leader writes about the oil sands and the future of energy over its twenty years with president and ceo rick george at the helm, suncor energy went from being canadas unluckiest oil company to becoming a stock market darling and the second.
Rick george built suncor into canadas biggest oil company. Over its twenty years with president and ceo rick george at the helm, suncor energy went from being canadas unluckiest oil company to a stock market darling and the secondlargest publicly traded corporation in the country. The fourth was rick george, who died last month, aged 67. Dont count the oilsands out, says industry pioneer rick. Canadian pressjeff mcintosh sun rise is written by former suncor ceo rick george who recently passed away at age 67. Suncor ranks number 4 in the forbes global 2000 list until 2010, suncor marketed products and services to retail customers in ontario through a downstream network of 280 companyowned, and 200 customeroperated retail and diesel fuel.
More than anyone, rick george reinvented the canadian oil sands, by far the countrys largest source of petroleum. Rick george has been appointed chairman of the board of directors of osum oil sands corp. George served as ceo of suncor energy from 1991 up until his retirement in 2012 and helped build suncor into a canadian energy powerhouse. George was an icon of the canadian oilpatch, taking the reins at. Taking an opportunity to learn from a critical player in the canadian energy industry, the ywe book club met at barcelona tavern last month to discuss sun rise. Suncor energy is a canadian integrated energy company based in calgary, alberta.
It specializes in production of synthetic crude from oil sands. Over its twenty years with president and ceo rick george at the helm, suncor energy went from being canada s unluckiest oil company to a stock market darling and the secondlargest publicly traded corporation in the country. George was a longtime president and ceo of suncor energy who was described as a brilliant businessman, a loyal friend, and a loving. In his new book, rick george, chief executive of energy giant suncor energy inc. Under his leadership, suncor used a combination of historically low interest rates and the oil price crash for rapid and fundamental expansion during the 2016 oil price bust. Suncor energy extends condolences on death of former ceo.
There is much of interest from a purely business perspective as well as from a historical perspective. Rick george appointed chairman of osum osum oil sands corp. Rick george encouraged the company to adopt a seven point climate action plan in the 1990s, well before many companies had begun to address the environmental impacts of their operations. Rick george, who transformed suncor into an oilsands heavyweight, has died of acute myeloid leukemia at the age of 67. Rick george, the recently retired chief executive of suncor energy inc, has signed on as chairman of osum oil sands corp, a small, privately held company developing leases in the cold lake and saleski regions of alberta, osum said on monday. Rick george was appointed president and chief executive officer of suncor energy inc. Suncor energy announced a transition plan for rick georges retirement. Larry wongedmonton journal without alberta, ottawa would have incurred big deficits every year since 2009, the.
Rick george does all three successfully in this book. The first part of this book is a great success story, both of rick george himself and the company he ran, suncor energy, for just over 20 years. Rick george was the former ceo of suncor and a pioneer of canadas oil sands industry. Rick george, who was the chief executive of suncor energy for 21 years, has died at age 67. Rick george, who helped pioneer canadas oilsands industry during two decades at the helm of suncor energy inc. Former suncor ceo rick george, pioneer of oilsands. This week we asked joyce hunt, author of an awardwinning book about oil sands history, to be our guest blogger, responding to questions we had about the early years of development joyces book, local push global pull, is a documented history of albertas oil sands from 1900 to 1930. Suncor mourns death of former ceo rick george calgary herald. Suncor, the oil sands and the future of energy ebook. Ricks impact on the oil sands industry, the canadian business community, and the broader community has been immeasurable, suncor president and ceo steve williams said in a release. In this video, rick george shares his thoughts on the transition, why this is the right time, and what the future holds for. When rick george retired six years ago, chief operating officer steve williams inherited canadas largest energy company, but he didnt stand still. Suncor, the oil sands and the future of energy by former suncor ceo rick george. In a statement thursday, suncor said the combined company will use the suncor name and will trade on the new york stock exchange starting friday under the ticker symbol su.
Globe and mail bio of rick george, ceo of suncor oil. Oilsands pioneer rick george, who led suncor energy for 21 years as president and ceo, died tuesday from complications of acute myeloid leukemia, his family. In 2009, he oversaw the successful merger of suncor with petrocanada, creating canadas leading energy company with operations located coast to coast. Rick george, champion of albertas oilsands, left things. Suncor energy ceo rick george richard rick george, chief executive. Rick geroge, former ceo of suncor energy, is chairman of oil junior osum oil sands.
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