- PricewaterhouseCoopers LLP was reappointed as auditor with 99.58% approval.
- Chana Martineau joined the Board as part of a significant leadership change.
- Executive compensation approach received 97.32% shareholder support.
Cenovus Energy (CVE, Financial) conducted its annual meeting of shareholders on May 8, 2025, where key corporate decisions were put to vote. PricewaterhouseCoopers LLP was reappointed as the company's auditor, securing an overwhelming 99.58% approval from shareholders. Additionally, all 14 director nominees were successfully elected to the board, reflecting shareholder confidence, with approval ratings ranging from 79.92% to 99.54%.
Renowned for her financial expertise, Chana Martineau, the CEO of Alberta Indigenous Opportunities Corporation, joined Cenovus’s Board of Directors, adding over 30 years of financial strategy and management experience to the team. In a strategic leadership transition, Alex Pourbaix moved to the role of non-independent Chair of the Board, while Claude Mongeau continues as the Lead Independent Director.
In another significant development, the shareholders approved Cenovus's executive compensation approach with a high approval rate of 97.32%. This approval underscores the strong support for the company's management and strategic direction.
Cenovus Energy is an integrated energy company with operations in Canada and the Asia Pacific region, focusing on oil and natural gas production, and refining and marketing operations in North America.
