Encana's President & CEO Announces Retirement

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." 
Clayton H. Woitas, a director of Encana and President and Chief
Executive Officer of Range Royalty Management Ltd., has been
appointed Interim President & Chief Executive Officer. Mr. Woitas
will serve in this role while the Board of Directors conducts a
search for a new President & Chief Executive Officer. 
"Randy has played a key role in the development of Encana and in his
more than three decades with the company; he has made many important
contributions to the company's success. The Board would like to thank
Randy for his service to Encana and wish him well in his retirement,"
said David P. O'Brien, Chairman of the Board. 
Clayton H. Woitas brings over 30 years of experience in the Western
Canadian oil and natural gas business, having created substantial
shareholder value and provided senior leadership during his tenure at
Range Royalty Management Ltd., Profico Energy Management Ltd. and
Renaissance Energy Ltd. 
"Clayton is one of Encana's leading directors and has broad
experience in the oil and natural gas industry including as a Chief
Executive Officer of a number of successful companies. Clayton will
bring strong leadership with a focus on operational excellence and
project delivery to ensure a smooth transition to new leadership,"
said Mr. O'Brien. 
"Encana has a number of world class resource assets as well as a
strong management and technical team capable of delivering strong
returns. I look forward to working with this team as interim
President & CEO," stated Clayton H. Woitas. 
Encana Corporation 
Encana is a leading North American energy producer that is focused on
growing its strong portfolio of diverse resource plays producing
natural gas, oil and natural gas liquids. By partnering with
employees, community organizations and other businesses, Encana
contributes to the strength and sustainability of the communities
where it operates. Encana common shares trade on the Toronto and New
York stock exchanges under the symbol ECA. 
Further information on Encana Corporation is available on the
company's website, www.encana.com.
Encana Corporation - Investor contact:
Ryder McRitchie
Vice President Investor Relations & Corporate Communications
(403) 645-2007 
Encana Corporation - Investor contact:
Lorna Klose
Manager, Investor Relations
(403) 645-6977 
Encana Corporation - Media contact:
Jay Averill
Manager, Media & Public Relations
(403) 645-4747
Press spacebar to pause and continue. Press esc to stop.