Ovintiv Inc. CEO Doug Suttles, who spearheaded the transformation of the Denver-based E&P company formerly known as Encana, said he will retire by August.

As part of a comprehensive succession planning process, the Ovintiv board has named Brendan McCracken as president and CEO, effective Aug. 1, said Board Chair Peter Dea.

“His appointment reflects his strong leadership skills, broad background and track record for delivering strong results,” Dea said in a statement on June 8 commenting on McCracken’s appointment.

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