If you live in Saint John, you know Irving Oil plays a massive role in our local economy. Now, the company is preparing for a major leadership change. Irving Oil announced that CEO Jeff Matthews will retire on November 1.

A Decades Long Career

Matthews dedicated 32 years to the New Brunswick based energy company. Before taking the top job, he held several key positions. These roles included chief business development officer and chief financial officer. He stepped into the president and CEO role in January of last year. This promotion followed a strategic review that the company started in 2023.

Maureen Kempston Darkes serves as the lead director of the Irving Oil board of directors. She noted in a news release that Matthews provided leadership that positioned the company for success.

Looking Ahead

You will not have to wait long to see who takes over. The company confirmed its board of directors completed the search for the next CEO. They plan to announce the new leader at a later date.

This leadership transition follows another major announcement from earlier this year. Last January, Irving Oil confirmed it will remain a privately held company. This decision marked the end of their strategic review process.

Frequently Asked Questions

When exactly is Jeff Matthews retiring?

Jeff Matthews will officially retire from his role as CEO on November 1.

Who will replace him as CEO?

The board of directors completed their search for a new CEO. They will announce the chosen candidate soon.

Is Irving Oil changing ownership?

No. The company completed a strategic review last January and confirmed it will remain privately held.