September 5, 2018 / 10:48 AM / 2 months ago

Crescent Point names new CEO, plans to cut 17 percent of workforce

Sept 5 (Reuters) - Canadian energy producer Crescent Point Energy Corp on Wednesday named Craig Bryksa its new chief executive officer and set a target of reducing 17 percent of its workforce as it looks to turn around its business.

The company is trying to cut expenses and reduce debt by more than $1 billion by year-end 2019. It is also divesting some assets. (Reporting by Karan Nagarkatti in Bengaluru; Editing by Bernard Orr)

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