This is typical Randy - he would rather not talk about the $ 5-6 billion losses for 2012 that ECA will report on Feb. 14th
January 11, 2013
Encana's President & CEO Announces Retirement
CALGARY, ALBERTA -- (Marketwire) -- 01/11/13 -- Encana Corporation (TSX: ECA) (NYSE: ECA) announced today that Randall K. Eresman, President & Chief Executive Officer, has informed the Board of Directors that, effective today, he is retiring from Encana after serving the company for approximately 35 years. Mr. Eresman will also be retiring from the Board of Directors but he has agreed to stay on as an advisor until February 28, 2013 to assist with the transition.
"I have had a wonderful and fulfilling 35 year career with Encana and its predecessor, Alberta Energy Company Ltd. ("AEC"), which began as a summer student in 1978. I have been very fortunate to have worked with so many great people over those years. Together, we created and captured many opportunities and together we also overcame many challenges,"
said Randy. "After a highly successful 2012, Encana is once again financially and operationally very strong, and well positioned to execute on its plans to rapidly transition to a more balanced commodity portfolio.
Now is the right time for me to step down and to turn over leadership of Encana to someone with the focus, drive and commitment to complete the transition. While I have always had a wide variety of interests, I will now be able to pursue them more extensively."