Sept 5 (Reuters) - Crescent Point Energy Corp CPG.TO :
* CRESCENT POINT ANNOUNCES STRATEGY UPDATE AND APPOINTMENT OF PRESIDENT AND CEO
* SAYS ROBERT HEINEMANN APPOINTED CHAIRMAN OF THE BOARD
* ANNOUNCE APPOINTMENT OF CRAIG BRYKSA AS PRESIDENT AND CHIEF EXECUTIVE OFFICER ("CEO")
* EXPECTS 2019 CAPITAL EXPENDITURES TO BE APPROXIMATELY $1.55 BILLION TO $1.60 BILLION
* CRESCENT POINT IS ALSO REVIEWING SALE OF CERTAIN INFRASTRUCTURE ASSETS
* CRESCENT POINT IS ALSO REVIEWING SALE OF CERTAIN INFRASTRUCTURE ASSETS
* CRESCENT POINT ENERGY - TARGETING A NET DEBT REDUCTION OF OVER $1.0 BILLION BY YEAR END 2019
* SEES 2019 ANNUAL AVERAGE PRODUCTION OF APPROXIMATELY 176,000 TO 180,000 BOE/D
* FINALIZING RESTRUCTURING THAT INCLUDES AN IMMEDIATE WORKFORCE REDUCTION OF APPROXIMATELY 17 PERCENT OF EMPLOYEES
* PETER BANNISTER HAS STEPPED DOWN AS CHAIRMAN OF BOARD
* CRESCENT POINT ENERGY-EXPECTS REALIGNMENT TO PROVIDE ANNUAL SAVINGS OF OVER $50 MILLION THROUGH REDUCTIONS IN OPERATING & GENERAL & ADMINISTRATIVE EXPENSES
* 2018 GUIDANCE REMAINS UNCHANGED