Encana CFO Sherri Brillon Among Those Interviewing for CEO
Encana Corp. (ECA)’s Chief Financial Officer Sherri Brillon is among those being interviewed to head Canada’s largest natural gas producer after the resignation of the company’s chief executive officer in January.
The board plans to make a decision and have the new CEO in place by the end of June, Clayton Woitas, interim CEO of the Calgary-based company, told reporters today. Encana narrowed a global search of more than 150 candidates down to a short list now being interviewed. Three internal candidates including Brillon submitted their names, he said.
“This is going to be the leadership of the company for the next five to eight years. This is where we have to ensure we have the best possible candidate,” Woitas said.
Encana’s CEO search began after the resignation of Randy Eresman, who transformed the company into a gas-focused producer by spinning off its oil assets in 2009. Encana began signing joint-venture partnerships and redirecting capital to increase oil and petroleum liquids output as North American gas prices fell to a decade-low last April, squeezing profits.
When a new CEO is named, Woitas, an Encana director, will become chairman, replacing David O’Brien, who will retire, the company said today.
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