Irving Oil has announced that CEO Jeff Matthews will retire effective November 1, marking the end of a significant tenure at the company. Matthews, who has dedicated 32 years of service to Irving Oil, has held numerous positions within the organization, including chief business development officer and chief financial officer, before becoming president and CEO in January 2025.

The company’s board of directors has reportedly completed a search for Matthews' successor, although the identity of the new CEO has yet to be disclosed. Maureen Kempston-Darkes, the lead director of Irving Oil's board, acknowledged Matthews' impactful leadership in a recent news release, stating that his guidance has positioned the company for sustained success in the energy sector.

Jeff Matthews' appointment as president and CEO came after the company underwent a strategic review that began in 2023. This review assessed the company's operational and strategic direction, ultimately confirming Irving Oil’s decision to remain privately held. The strategic review revealed a commitment to future growth and stability within the organization.

Irving Oil, headquartered in Saint John, New Brunswick, has maintained a strong presence in the energy industry under Matthews’ leadership. His extensive experience and knowledge of the company have been vital in navigating the challenges and opportunities facing the energy sector today.

This announcement comes at a pivotal time for Irving Oil as it seeks to transition leadership while continuing its focus on innovation and performance improvement. The search for a successor is expected to be crucial for the company's ongoing strategy and its commitment to the energy market.

The news was first published on September 3, 2026, highlighting the significance of this leadership change for the future of Irving Oil and its stakeholders.