The head of the energy company formerly called Encana is retiring this summer.
Ovintiv Inc. says chief executive Doug Suttles will retire Aug. 1 after eight years in the position.
He will be replaced by Brendan McCracken, who began his career with the company nearly 25 years ago. He served most recently as president.
Ovintiv chairman Peter Dea says that under Suttles’ leadership, Ovintiv was transformed into a leading North American resource play company.
Get weekly money news
READ MORE: Ovintiv and PetroChina end joint venture deal, agree to split Alberta assets
Dea adds that McCracken’s appointment is the culmination of a comprehensive succession planning process and reflects his track record for delivering strong results.
Calgary-based Encana changed its name and relocated to Denver in 2020.
READ MORE: Encana completes corporate shakeup as it becomes Ovintiv, shifts to U.S.
- Central Alberta carbon capture hub on track to be largest in Canada
- Enbridge makes US$2.55B acquisition of pipeline, storage systems in U.S. midwest
- Choose Canada, businesses urge Albertans ahead of ‘risky gamble’ referendum
- Alberta landowners challenge ‘chronic underfunding’ for orphan well cleanup
Watch below: (From 2019) Calgary-based Encana has announced it will be moving its headquarters out of Canada and into the United States. Heather Yourex-West reports.
Comments
Want to discuss? Please read our Commenting Policy first.