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New Brunswick’s Irving Oil to remain privately held company: strategic review

  • Irving Oil Ltd. Will continue to be a privately held company after completing a strategic review that began in June 2023.
  • Jeff Matthews has been appointed as the new President and CEO of Irving Oil, having worked with the company for 30 years.
  • The strategic review considered the potential sale of the company, which operates Canada's largest oil refinery in Saint John, N.B.
  • Irving Oil employs over 4,000 people and operates more than 900 fuelling locations across Eastern Canada and New England.
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