CALGARY, Alberta Jan 11 Encana Corp,
Canada's No. 1 natural-gas producer, said on Friday Chief
Executive Randy Eresman will retire immediately, with board
member Clayton Woitas taking over his duties until a permanent
replacement is found.
The company said in a release that Eresman, who has been
with Encana for 35 years, will remain on the board of directors
until the end of February.
Eresman faced criticism from investors because of a poor
share price performance and an investigation over allegedly
consipring to fix the price of exploration lands in Michigan. He
said in a statement that he wants to pursue other interests.