Canada names new head of top oil regulator

The Canadian government has named a senior official to helm the regulatory National Energy Board (NEB).

Peter Watson will serve as chair and chief executive of the NEB from 18 August, the board said in a statement on Friday. His term lasts for seven years.

Watson most recently served a former deputy minister for the Alberta Executive Council, the senior cabinet group of the oil powerhouse.

He replaces NEB veteran Gaetan Caron, who stepped down earlier this month after 35 years of service with the board.

The NEB also said Lyne Mercier was reappointed as a full-time member and will become vice-chair, effective immediately.

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