(Fredericton) Irving Oil’s president is resigning as the company undergoes a strategic review that includes a possible sale.
A press release states that Ian Whitcomb has made a “personal decision” to leave after more than eight years in office and will continue in his role until June 9.
Jeff Matthews, chief financial officer of Irving Oil, will take over from Mr. Whitcomb during the strategic review.
Maureen Kempston-Darkes, senior director of the Irving Oil Board of Directors, notes that Mr. Matthews has been with the company for more than 29 years and understands the evolving needs of customers and communities.
Irving Oil operates Canada’s largest oil refinery and has more than 900 gas stations and a network of distribution terminals on the East Coast and New England.
The company said its strategic review would examine whether the business should undergo a new ownership structure, be sold in part or in full and whether any changes should be made to its asset portfolio and manner. which she manages them.