On May 11, 2008, EnCana announced that its Board of Directors had unanimously approved a proposal to split EnCana into two highly focused energy companies. One is a pure-play natural gas company with an outstanding portfolio of early life, North American natural gas resource plays, with a working name of GasCo. The other is a fully integrated oil company with industry-leading in-situ oilsands properties and top-performing refineries, as well as an underlying foundation of reliable oil and gas resource plays. Its working name is IOCo.
EnCana has designated the following directors and executives for each of the companies:
GasCo Directors:
David P. O'Brien (Chairman), Randall K. Eresman, Claire S. Farley, Barry W. Harrison, Dale A. Lucas, Jane L. Peverett, Allan P. Sawin and Clayton H. Woitas.
GasCo Executives:
Randall K. Eresman, President and Chief Executive Officer; Sherri Brillon, Executive Vice-President and Chief Financial Officer; Mike Graham, Executive Vice-President and President, Canadian Division; Bob Grant, Executive Vice-President, Business Services, Canadian Division; Eric Marsh, Executive Vice-President, Business Services, USA Division; Bill Oliver, Executive Vice-President and Chief Corporate Officer; Bill Stevenson, Executive Vice-President and Chief Accounting Officer; Jeff Wojahn, Executive Vice-President and President, USA Division.
IOCo Directors:
Michael A. Grandin (Chairman), Ralph S. Cunningham, Patrick D. Daniel, Ian W. Delaney, Randall K. Eresman, Brian C. Ferguson, Valerie A.A. Nielsen, James M. Stanford, Wayne G. Thomson.
IOCo Executives:
Brian Ferguson, President and Chief Executive Officer; Ivor Ruste, Executive Vice-President and Chief Financial Officer; John Brannan, Executive Vice-President and President, Integrated Oil Division; Harbir Chhina, Executive Vice-President, In-situ Oil Development; Kerry Dyte, Executive Vice-President, General Counsel and Corporate Secretary; Judy Fairburn, Executive Vice-President, Environment & Strategic Planning; Sheila McIntosh, Executive Vice-President, Communications & Stakeholder Relations; Don Swystun, Executive Vice-President and President, Canadian Plains Division; Hayward Walls, Executive Vice-President, Organization & Workplace Development.
Gerry Protti will become Executive Advisor to IOCo. He will also be responsible for representation of IOCo in his current role as Chairman of the Canadian Association of Petroleum Producers (CAPP).
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