Douglas J. Suttles is the former CEO of Ovintiv Inc., a major player in the oil and gas industry. He took the helm of the company in June 2013 and continued until August 2021. His journey in the energy field...
Douglas J. Suttles is the former CEO of Ovintiv Inc., a major player in the oil and gas industry. He took the helm of the company in June 2013 and continued until August 2021. His journey in the energy field spans over 35 years, including significant roles at BP. Douglas has a solid foundation in engineering, holding a Bachelor's degree in Mechanical Engineering from the University of Texas, Austin. Under his leadership, Ovintiv focused on performance metrics tied to free cash flow and production targets, showing a commitment to aligning executive pay with company performance. Interestingly, during his final years with Ovintiv, his total compensation package reached over $12 million in 2019, underscoring the substantial responsibilities of his position. Suttles was also a consistent insider trader, indicating a deep investment in the company's stock which peaked at around $12 million in holdings. His strategic decisions and operational focus contributed to Ovintiv's resilience during tough economic times, navigating challenges like the pandemic and fluctuating oil prices.