People | People-Promotion

MEG Energy Gets New President & CEO

Share Print Bookmark    |    Wednesday,August 08,2018

MEG Energy announced that its Board of Directors has unanimously appointed Derek Evans to the position of President and CEO, effective immediately.

Mr. Evans has over 35 years’ experience in the Canadian oil and gas business, including nine years as the CEO of Pengrowth Energy and six years as the CEO of Focus Energy Trust.

About Derek Evans

Mr. Evans served as President, CEO and Director of Pengrowth Energy Corporation, an intermediate energy company focused on the sustainable development and production of oil and natural gas in Western Canada, from May 2009 until March 2018. During his tenure, Mr. Evans streamlined the Company’s asset base from 35 properties to two growth assets, with over $9 billion of development opportunities. Among other things, Mr. Evans delivered the $850 million Lindbergh oil sands project on time and on budget, with significant innovation that pushed water recycle to 97.5%.

Prior to joining Pengrowth, from 2002 to 2008, Mr. Evans was the President, CEO and Director of Focus Energy Trust, a dividend paying trust focused on sustainable cash flows to investors. While serving as CEO, Mr. Evans increased the market valuation approximately five times, while distributing more than $400 million to unitholders.

Mr. Evans serves on the board of Franco-Nevada Corporation, a leading gold royalty and streaming company, and previously was the Chairman of Endurance Energy Ltd., a Calgary-based exploration and production company. Mr. Evans holds a degree in Mining Engineering from Queen’s University.