Bill McCaffrey, co-founder, director, president and CEO of MEG Energy has been named EY’s 2014 prairie region Entrepreneur Of The Year. This award recognizes McCaffrey as a dynamic leader and visionary who demonstrates innovation, financial success and social responsibility in the energy sector.
McCaffrey co-founded MEG in 1999 during a difficult economic downturn and positioned the company to be one of the industry’s premier thermal oil sands players. MEG built its foundation with a high quality resources base, a strong strategic plan and an experienced team committed to excellence.
“Leading entrepreneurs like Bill can see the future clearly — and what it takes to achieve success,” says Rob Jolley, Entrepreneur Of The Year Prairies Program Director. “What really sets MEG apart is Bill’s forward thinking ability to grow the company through the ups and downs of commodity price cycles.”
Under McCaffrey’s leadership, MEG has grown its production from 3,000 barrels per day (bpd) in 2008 to more than 70,000 bpd in 2014. McCaffrey attributes the company’s success to a team culture of learning and innovation that encourages employees to share ideas and drive advancements in sustainable technology. The company also works together with local residents to create positive change by supporting charities and programs for children and youth; health and wellness; and education.
“We’re thrilled to recognize the achievements of Bill and MEG Energy,” says Jolley. “He’s shown that the risk can be well worth the reward. And that success is best shared with those in the communities around you. That’s what makes him a truly gravity-defying entrepreneur.”
Read the full story in EY’s Newsroom here.