Investing.com - Financial Markets Worldwide

Imperial appoints John Whelan as new president, CEO Corson Retires

Published 13/02/2025, 14:00
© Reuters.
IMO
3.05%

Investing.com -- Imperial (NYSE American: IMO) announced today that the company’s board of directors has confirmed John Whelan as the new president, effective from April 1, 2025. The current Chairman, President and CEO, Brad Corson, has announced his intention to retire from Imperial after 42 years of service. Following a structured transition, Whelan will take over as Chairman, President and CEO of Imperial Oil (NYSE:IMO) Limited after the company’s annual shareholder meeting on May 8, 2025.

David Cornhill, the Lead Director, expressed gratitude towards Brad Corson for his exceptional leadership and commitment over the past five years. Cornhill highlighted Corson’s role in guiding the company through the global pandemic, resulting in some of the most financially prosperous years in the company’s history. Under Corson’s guidance, Imperial set new records for upstream production and achieved outstanding downstream performance, leading to significant shareholder value through unprecedented share price growth and cash returns via record share buybacks and dividend growth.

Cornhill also noted Corson’s role in preparing the company and its employees for future success with strategic projects. These include growth projects at Kearl and Cold Lake, the Strathcona renewable diesel facility, the Low Carbon Solutions business, and the company’s role as a founding member of the Pathways Alliance initiative aimed at reducing emissions from oil sands operations.

John Whelan’s appointment comes with extensive experience at both Imperial and on global ExxonMobil (NYSE:XOM) portfolios. His proven track record of delivering outstanding operational performance and enhanced competitiveness is expected to maintain and build upon the company’s strong momentum, contributing to further growth in shareholder value. The board and the company have expressed their welcome to Whelan upon his return to Imperial.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.