Doug Suttles preceded interim CEO Clayton Woitas. Clayton Woitas  took over when former CEO Randy Eresman, exited unexpectedly earlier this year. Doug Suttles was also appointed as Encana director.

Randy Eresman led Encana for seven years. The strategic changes he implemented were highly criticized.

Over the past two years the company's shares dropped 41%.  Encana focused on growth despite its falling revenue. This move from the company weathered its balance sheet and low gas prices. Suttles is expected to turn-around the company, but not in a snap-of-a-finger.

"It will take time to turn the ship around so I don't expect miracles," disclosed a portfolio manager at First Asset Investment Management, named John Stephenson. First Asset Investment Management has shares in Enacana. John Stephenson added, "But I think it's really positive. I think it good that he's an outsider. Taking someone off the bench (internally) would have viewed much more negatively."

Prior Encana, Doug Suttles was an oil and gas veteran at BP, for three decades.