Irving Oil President Ian Whitcomb will be leaving the company after more than eight years, the company announced Monday.
“I am very proud of our team and what we have accomplished together," said Whitcomb. "I have been very fortunate to work with an exceptionally talented senior leadership team and this team will continue in place."
Whitcomb, whose decision to leave was personal, the announcement noted, will officially step down from his post on June 9.
Before taking on the role of president for Irving Oil, he spent more than two decades as a partner at Deloitte Canada, according to his LinkedIn bio.
"I am grateful for Ian's leadership of Irving Oil over the past eight and a half years," said Arthur Irving, chairman emeritus. “Building on the strong history of Irving Oil, Ian has helped lead the company through a significant period of growth."
The move comes in the midst of a strategic review for the company that began last summer. Because of the uncertainty around what course forward the company will take, "decisions related to Ian Whitcomb's replacement have not yet been made,” said Maureen Kempston-Darkes, lead director of Irving Oil’s Board of Directors.
Jeff Matthews, chief financial officer of Irving Oil, will lead the strategic review after Whitcomb’s departure, according to the release.
"Jeff has a deep knowledge of our company and the evolving needs of our customers,” said Kempston-Darkes.
While the review is still underway, potential outcomes could include a full or partial sale of the company’s assets, a change in its portfolio structure or a revamped management structure, the company said in June.
The company’s portfolio includes two refineries in Canada; a number of distribution terminals in Canada, the northeast U.S. and Ireland; and 900 c-stores in the U.S. and Canada. Some retail sites also include dog parks, Big Stop restaurants, electric vehicle charging and more.
