Encana Interim CEO Says Company is Not For Sale
Canadian’s largest natural gas driller and a major player in the Marcellus Shale, Encana Corp, announced on Friday that CEO Randy Eresman and resigned and left the company. The announcement was “out of the blue” and caught investors and industry insiders by surprise.
Encana appointed board of directors member Clayton Woitas (former CEO of Renaissance Energy) as interim CEO, a move which some speculate means the company may be up for sale. That rumor, however, is roundly refuted by Woitas: