After a fatal oilsands plant mishap July 7 and the resignation of company president Mark Little the next day, Suncor Energy Inc. agreed Monday to a review demanded by New York activist shareholder Elliott Investment Management LP in April.

Suncor

The deal includes appointments of three independent corporate directors, participation by two of them in a Suncor search for a new president, and examinations of safety and a potential sale of the firm’s 1,900 Petro-Canada service stations and bulk fuel centers.

The review follows a “collaborative dialogue” with Suncor’s current board of directors and the new appointments will implant “fresh, relevant perspectives into the boardroom,” said Elliott partner John Pike and portfolio manager Mike Tomkins. Elliott was founded by Paul...