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Cenovus names former TransCanada executive Alex Pourbaix new chief executive

An oil pump owned by Cenovus extracts crude beneath a field in Alberta. File/GETTY IMAGES

Cenovus Energy Inc. is naming Alex Pourbaix as its new president and chief executive.

Pourbaix retired from TransCanada Corp. earlier this year where he was most recently chief operating officer.

READ MORE: Cenovus reaches agreement to sell Suffield oil and gas assets for $512M

He starts the new job on Nov. 6 and will also be a member of the Cenovus board of directors.

He replaces Brian Ferguson, who is retiring after 33 years with Cenovus and its predecessor companies.

READ MORE: Cenovus posts second quarter profit amid ConocoPhillips deal

Cenovus is an integrated oil company with oilsands projects in northern Alberta as well as natural gas and oil production in Alberta, British Columbia and Saskatchewan.

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It also has 50 per cent ownership in two U.S. refineries.

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