May 29, 2018 / 4:14 PM / 4 months ago

BUZZ-Crescent Point Energy: Up after CEO Scott Saxberg leaves co

** Canadian oil producer’s shares up 3 pct at C$10.28

** Company says Scott Saxberg has departed as CEO and board member; Replaced in the interim by former Vice President Craig Bryksa

** Saxberg move comes after highly contentious proxy fight with Cation Capital; Activist investor wanted changes to the company’s board

** Saxberg move a part of company’s “renewal process” to turn around business, CPG says

** The market has long been looking for change at the helm of the company, bringing with it fresh ideas that should help the company finally rid itself of a deeply discounted market valuation - GMP FirstEnergy

** CPG’s shares have risen about 4 pct this year after having fallen nearly 48 pct in 2017 (Reporting by Yashaswini Swamynathan in Bengaluru)

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