MEG Energy Corp. announced that Ryan Kubik will be the Corporation's new Chief Financial Officer effective August 1, 2022. Mr. Kubik will succeed Mr. Eric Toews who, as previously announced, plans to retire effective September 1, 2022.

Following Mr. Kubik's appointment, Mr. Toews will remain with the Corporation until September 1, 2022 to ensure a smooth transition. Mr. Kubik joins MEG with more than 30 years' experience in the oil and gas industry in the areas of corporate finance, strategy and accounting. He is a Chartered Accountant, Chartered Financial Analyst and holds a Bachelor of Commerce in Accounting from the University of Calgary, and the Institute of Corporate Directors ICD.D designation.

Most recently, Mr. Kubik served as Chief Financial Officer & Senior Vice President of Heritage Royalty, where he was responsible for all financial aspects of the organization as well as driving the organization's corporate strategy. Prior to Heritage Royalty, Mr. Kubik was President and Chief Executive Officer of Canadian Oil Sands Limited from 2014 to 2016 and Chief Financial Officer from 2007 to 2013. Mr. Kubik has also served as Chair of Syncrude Canada's Board of Directors and Chair of the Audit and Business Controls Subcommittee.