OKLAHOMA CITY, Feb 17, 2011 (BUSINESS WIRE) --
Devon Energy Corporation (NYSE:DVN) today reported that J. Todd Mitchell
will not stand for reelection to the company's board of directors at the
expiration of his current term. Mr. Mitchell's decision was based on his
desire to devote more time to his family and the increased demands on
his time from his active role in his family enterprise. He will fulfill
his term through the annual shareholders meeting on June 8, 2011.
"My tenure on Devon's board has been a great experience," commented Mr.
Mitchell. "I hold the company's board of directors and management team
in the highest regard, and I look forward to continuing my relationship
with the company as a shareholder."
"Todd's valuable insight and keen business acumen have contributed to
Devon's success during his nine year tenure," said Larry Nichols,
Devon's Executive Chairman. "We owe Todd a debt of gratitude for his
service and we will miss him deeply."
Mr. Mitchell has served on Devon's board since 2002. Todd Mitchell
currently serves as president of Two Seven Ventures LLC, a private
energy investment company. Prior to that, Mr. Mitchell served as
president of GPM Inc., a family-owned investment company, from 1998 to
2006, and as vice president for strategic planning from 2006 to 2007. He
was on the board of directors of Mitchell Energy & Development
Corporation from 1993 to 2002.
Devon Energy Corporation is an Oklahoma City-based independent energy
company engaged in oil and gas exploration and production. Devon is a
leading U.S.-based independent oil and gas producer and is included in
the S&P 500 Index. For additional information, visit www.devonenergy.com.
SOURCE: Devon Energy Corporation
Devon Energy Corporation
Investor Contact
Shea Snyder, 405-552-4782
or
Media Contact
Chip Minty, 405-228-8647