Why is this position becoming vacant?

The position is becoming vacant due to the retirement of the current officer, B.A. (Beverley) Babcock, after 31 years of service with the company.

What is the effective date of Mr. Lyons' appointment?

Mr. Lyons' appointment is effective May 1, 2018, indicating a transition period.

Does Mr. Lyons have relevant experience for this role?

Yes, Mr. Lyons' experience as vice-president of downstream business services and downstream treasurer at Exxon Mobil Corporation suggests he has substantial financial and administrative expertise relevant to the role at Imperial Oil.

IMO 8-K: Leadership Changes

Q: Who is the new Senior Vice-President, Finance and Administration and Controller?

The new appointee is D.E. (Dan) Lyons, who will be effective May 1, 2018. He comes to Imperial Oil from Exxon Mobil Corporation.

Summary

Imperial Oil Ltd. (IMO) announced a significant leadership change within its finance and administration division via an 8-K filing on February 15, 2018, effective February 14, 2018. D.E. (Dan) Lyons will assume the role of Senior Vice-President, Finance and Administration and Controller starting May 1, 2018. Mr. Lyons brings valuable experience from his tenure at Exxon Mobil Corporation, where he held leadership positions in downstream business services and treasury.

Key Highlights

1Appointment of D.E. (Dan) Lyons as Senior Vice-President, Finance and Administration and Controller, effective May 1, 2018.
2Mr. Lyons' prior experience includes roles at Exxon Mobil Corporation.
3The appointment follows the upcoming retirement of the current officer, B.A. (Beverley) Babcock.
4Ms. Babcock is retiring after 31 years of dedicated service to Imperial Oil.
5This is a key executive-level transition within the finance function.
6The company is ensuring a smooth handover with a clear effective date for the new appointee.

IMPERIAL OIL LTD 8-K Report, Executive Changes (Feb 16, 2018)

Summary

Key Highlights

Frequently Asked Questions