To reflect the further evolution of Cenovus as a company over the past two years, the Board of Directors has approved some role changes on Cenovus?s executive team. Effective September 1, 2023: Keith Chiasson (Executive Vice-President, Downstream) will become Cenovus?s Executive Vice-President & Chief Operating Officer, responsible for all aspects of the company?s operations. Doreen Cole (Senior Vice-President, Downstream Manufacturing) will join Cenovus?s executive team as Executive Vice-President, Downstream.

Drew Zieglgansberger (Executive Vice-President, Natural Gas & Technical Services) will become Cenovus?s Executive Vice-President & Chief Commercial Officer, a new role responsible for all commercial arrangements across the company, including strategy, business development, planning and marketing. Andrew Dahlin (Executive Vice-President, Corporate & Operations Services) will take on the role of Executive Vice-President, Natural Gas & Technical Services. Jeff Hart (Executive Vice-President & Chief Financial Officer) will become Executive Vice-President, Corporate & Operations Services.

Kam Sandhar (Executive Vice-President, Strategy & Corporate Development) will become Executive Vice-President and continue to be responsible for Investor Relations. There are no planned changes to the roles of Susan Anderson, Senior Vice-President, People Services, Rhona DelFrari, Chief Sustainability Officer & Executive Vice-President, Stakeholder Engagement, Gary Molnar, Senior Vice-President, Legal, General Counsel & Corporate Secretary, and Norrie Ramsay, Executive Vice-President, Upstream ? Thermal, Major Projects & Offshore.

The company also announced that, due to the demands of other commitments, Canning K.N. Fok retired from the Cenovus Board of Directors effective July 26, 2023, and confirms that Mr. Fok will continue to support and assist the company as the CEO of one of its major shareholders. It is expected that, in accordance with the standstill agreements entered into at the time of the Husky Energy transaction, a new director to replace Mr. Fok will be nominated before the end of the year.