CALGARY, ALBERTA--(Marketwired - April 14, 2015) - MEG Energy Corp. (TSX:MEG) reports that co-founder Dave Wizinsky will step down from the corporation's Board of Directors effective May 7, 2015, after serving for 16 years with the company.
"Dave came in as a founding investment partner when oil was about $12 a barrel and MEG was just a vision," said Bill McCaffrey, founder, President and Chief Executive Officer. "As part of a larger team, he contributed to several landmark financings and the growth of the company as we turned that vision into a reality."
Prior to MEG, Mr. Wizinsky was a co-founder of an S&P/TSX 60 Index and London Stock Exchange listed resource company and a corporate commercial and securities lawyer experienced in all aspects of large-scale resource development and commercial production, debt and equity financings, regulatory affairs and corporate social responsibility.
"A 'builder' at heart, Dave has co-founded several successful enterprises, and has taken a particular interest in building relationships with community stakeholders. Dave cares deeply about MEG's culture and especially our relationship with First Nations, Metis and local communities where we work and live," said McCaffrey. "His commitment and alignment with our Community Relations and Environmental teams has helped foster a culture focused on maximizing economic benefits in the community at the lowest attainable environmental impact, and I believe we have been successful at both of these goals."
MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that use SAGD extraction methods. MEG's common shares are listed on the Toronto Stock Exchange under the symbol "MEG."