(Reuters) – Canadian oil and gas producer Strathcona Resources announced on Thursday the retirement of its Chief Executive Officer and President Rob Morgan, effective Oct. 31, and said that he will be replaced by David Roosth.
The company said that Chief Financial Officer Connor Waterous will remain unchanged and Scott Seipert will take on the role of senior vice-president of finance.
Roosth, who has worked at KKR & Co and TPH Partners, last served as the managing director at Waterous Energy Fund.
Strathcona said it will be restructured to form four focused business units – SCR Cold Lake, SCR Lloydminster Thermal, SCR Lloydminster Conventional, and SCR Montney, which will be overlooked by separate presidents.
The company also appointed its new COO Dale Babiak, who most recently served as vice-president for production operations.
Following the retirement, Morgan will also step down from the board of the company.
(Reporting by Angela Christy in Bengaluru; Editing by Rashmi Aich)