MEG Energy Corp. announced that Derek Evans will be stepping down from his role as President and from its Board of Directors effective May 1, 2024. Concurrent with this announcement, the Board of Directors announced the appointment of Darlene Gates, the Corporation's current Chief Operating Officer, to succeed Mr. Evans as President.

Ms. Gates will be nominated for election to the Board of Directors at the Corporation's annual general meeting scheduled for May 7, 2024. Ms. Gates is an accomplished energy executive with over 30 years of experience in the oil and gas sector, including global leadership roles with Imperial Oil and ExxonMobil. Prior to joining MEG in 2021 as the Chief Operating Officer, she served as the President, ExxonMobil Alaska.

Darlene has progressed through many technical, managerial, financial and operating positions in Canada, US, Germany, and Qatar, leading to running Imperial Oil's Cold Lake asset, one of the largest thermal in-situ operations in the world. A native Albertan, she holds a mechanical engineering degree from the University of Victoria and is a member of the RCAF Command Advisory Council and 4 Wing's Honorary Colonel. She has also been on numerous charitable and industry boards.