Crescent Point Energy CEO to step down after 15-year tenure

By zaymalz malz

Calgary-based Crescent Point Energy has announced that Scott Saxberg, CEO and President of the company, has taken the decision to step down after more than 15 years as Chief Exec.

Crescent point has announced the leadership changes as part of an overriding transformation plan, with Saxberg set to be replaced by Craig Bryska who will assume the role of interim President and CEO of the company.

See also:

“I’m proud of what Crescent Point has accomplished,” said Mr. Saxberg. “We built a company from scratch to over 180,000 boe/d and in doing so, we have rewarded our shareholders with $7.5 billion in dividends.

“After 15 years as the CEO, it’s time for me to move on and I’m confident and excited for Craig and the team to oversee Crescent Point’s long-term success.”

Bryska previously stood as Crescent Point’s Vice President of Engineering West, having held a number of senior positions throughout the company throughout his 12-year history with the firm.

As part of this transformation plan, the Board of Directors has committed to prioritising key value drivers that include reducing costs and improving capital allocation, with the overarching goal of improving Crescent Point’s financial situation.


Featured Articles

Top 10 cybersecurity specialists in the US

As cyber attacks grow in frequency and become increasingly sophisticated, Business Chief looks at the top 10 cybersecurity specialists in the US.

Silicon Valley Bank collapse: How did we get here?

US authorities have stepped in to protect all Silicon Valley Bank customers following the second-largest bank failure in the country's history

Top 10 best new leadership books by women to read in 2023

To mark IWD, here’s our pick of the best new leadership books – all penned by impressive women at the forefront of the ever-evolving world of work

Eight of the best business leadership podcasts

Leadership & Strategy

CEO John Pagano, leading Saudi Arabia's Red Sea Global

Leadership & Strategy

Top 10 female CEOs according to Fortune’s Global 500 list

Leadership & Strategy