After weathering a proxy fight with some shareholders earlier this month, Scott Saxberg is stepping down as the president and CEO of Crescent Point Energy—a company that has a solid presence in Saskatchewan.
The company says Saxberg is being replaced on an interim basis by Craig Bryksa, who is currently vice-president of engineering for Western Canada. It is expected Bryksa will eventually be named as permanent CEO.
Bryksa is a former vice-president of engineering at Crescent Point, and has overseen the operating activities for many of the company’s operations including one in Shaunavon.
“After 15 years as the CEO, it’s time for me to move on and I’m confident and excited for Craig and the team to oversee Crescent Point’s long-term success,” Saxberg said in a statement.
Saxberg had been president of the company since its founding in 2001. He became CEO two years later. The company praised his leadership, which has included increasing production to 180,000 barrels a day, making it one of North America’s largest independent light-oil producers.