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EnCana (ECA) Ticks Higher Amid CEO Eresman Announcing Retirement

January 14, 2013 9:42 AM EST

EnCana Corp. (NYSE: ECA) shares are ticking higher following a news release late last Friday of a management change.

The company said CEO Randall K. Eresman will be retiring and staying on as an advisor until the end of February.

Shares are up 0.9 percent early Monday.

The release is below:

Encana Corporation 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.... More