CALGARY, April 26 /PRNewswire-FirstCall/ -- Suncor Energy Inc. today held its annual general meeting of shareholders in Calgary. The meeting was attended by approximately 120 in person, with an additional 325 joining in the webcast. A total of approximately 317 million shares (approximately 69% of outstanding common shares) were represented in person or by proxy.
At the meeting, Rick George, president and chief executive officer, reviewed Suncor's strategy and outlook. "All of our priorities are intended to achieve a single, common goal: safe, reliable production of half a million barrels per day in 2010 to 2012, which in turn, we expect will generate long term value for you, our shareholders," said George.
During business proceedings, shareholders also approved the appointment of PricewaterhouseCoopers LLP as Suncor's auditors. Shareholders also approved the appointment of 12 Board members, including 11 independent directors. Ms. Eira Thomas was elected as a new Board member. Ms. Thomas, president and chief executive officer of Stornoway Diamond Corporation, brings to Suncor's Board extensive experience in the resource sector. Robert Korthals retired as a director after 10 years of service on Suncor's Board. The biographies of Board members and further details about Suncor's corporate governance practices are available on http://www.suncor.com/.
The text of remarks by Rick George and Senior Vice President and Chief Financial Officer, Ken Alley, are available in the newsroom section of http://www.suncor.com/. An archive of the video webcast of the meeting will be available by 2 p.m. MT, Thursday, April 27 at http://www.suncor.com/webcasts.
Suncor Energy Inc. is an integrated energy company headquartered in Calgary, Alberta. Suncor's oil sands business, located near Fort McMurray, Alberta, extracts and upgrades oil sands and markets refinery feedstock and diesel fuel, while operations throughout Western Canada produce natural gas. Suncor operates a refining and marketing business in Ontario with retail distribution under the Sunoco brand. U.S.A. downstream assets include refining operations in Colorado and retail sales in the Denver area under the Phillips 66 brand. Suncor's common shares (symbol: SU) are listed on the Toronto and New York stock exchanges.
Suncor Energy (U.S.A.) Inc. is an authorized licensee of the Phillips 66(R) brand and marks in the state of Colorado. Sunoco in Canada is separate and unrelated to Sunoco in the United States, which is owned by Sunoco, Inc. of Philadelphia.
© 2006 PR Newswire
