SAINT JOHN – Irving Oil has announced that CEO Jeff Matthews will retire from his position on November 1, 2026. This decision marks a significant transition for the company as it prepares for new leadership.

The board of directors of Irving Oil has concluded a search for Matthews' successor, although details regarding the new CEO will be revealed at a later date. Matthews has been a key figure in the company, having joined Irving Oil 32 years ago and serving in various crucial roles including chief business development officer and chief financial officer.

Appointed as president and CEO in January 2025, Matthews' leadership followed a comprehensive strategic review initiated earlier that year. Under his stewardship, Irving Oil has taken significant steps to ensure its strategic direction and operational efficiency. Maureen Kempston-Darkes, the lead director of Irving Oil's board, highlighted Matthews' contributions to the company, stating in a news release that his leadership has effectively positioned Irving Oil for future success.

In January 2026, the New Brunswick-based energy company confirmed its status as a privately held entity after completing the aforementioned strategic review. This decision reflects Irving Oil's commitment to maintaining its operational independence while pursuing growth and innovation in an evolving energy landscape.

As Matthews prepares for retirement, the company stands at a critical juncture, looking forward to building on the foundations he has established. The upcoming announcement regarding the new CEO will be closely watched by industry experts and stakeholders alike, eager to see the future trajectory of Irving Oil under new leadership.