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Stock impact report

Imperial Oil CEO Rich Kruger to retire at year end, after nearly 7 years in the role [MarketWatch]

Imperial Oil Limited (IMO) 
NASDAQ:AMEX Investor Relations: imperialoil.ca/en-ca/company/investors
Company Research Source: MarketWatch
Imperial Oil CEO Rich Kruger to retire at year end, after nearly 7 years in the role Imperial Oil Ltd. IMO, +2.29% IMO, +2.83% said Tuesday that Chief Executive Rich Kruger said he plans to retire at the end of the year, after about 6 1/2-years in the role. The integrated oil business company said it has appointed Brad Corson as president, effective Tuesday, and said Corson will assume the role of CEO on Jan. 1, 2020. Corson was previously president of Exxon Mobil Corp.'s XOM, -0.99% upstream ventures. Kruger has been CEO since March 1, 2013. The stock, which is still inactive in premarket trading, has lost 8.3% over the past 12 months, while the SPDR Energy Select Sector ETF XLE, +1.78% has dropped 15% and the S&P 500 SPX, -0.02% has gained 3.8%. Show less Read more
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