The previously announced succession plan for Seven Generations Energy founder and CEO Pat Carlson has been set in formal motion.
Current chief operating officer Marty Proctor will take over as president and CEO on June 30.
"Pat Carlson is an insightful founder who built a differentiated energy company by starting with a blank sheet of paper ten years ago,” Kent Jespersen, chair of 7G's board of directors, said in a statement.
“He assembled and led a talented and innovative team that grounded business in dedicated service to stakeholders. Pat's entrepreneurial vision grew Seven Generations from ideas and concepts into a $10 billion enterprise that ranks among Canada's top 10 producers. Through largely organic growth and during one of the longest downturns in the oil and natural gas industry's history, Pat's work at Seven Generations is an extraordinary achievement, especially in such a short period of time.”
Carlson will stay on as a director of the company.
"The board of directors has full confidence that Marty and the other members of the Senior Executive Leadership Team will continue Pat's well-established tradition of value creation through differentiated stakeholder service," Jespersen said.
