OKLAHOMA CITY--(BUSINESS WIRE)--Jan. 27, 2014--
Devon Energy Corporation (NYSE:DVN) today announced that its board of
directors has appointed
Barbara M. Baumann
and
John E. Bethancourt
to
the board effective immediately. The additions of Baumann and
Bethancourt expand Devon’s board to 10 members, which now includes eight
independent directors. Shareholders of record will have the opportunity
to re-elect all directors at the company’s upcoming annual meeting to be
held on June 4, 2014.
“We are very pleased that
Barbara Baumann
and
John Bethancourt
have
agreed to join Devon’s board of directors,” said
J. Larry Nichols
,
Devon’s executive chairman. “Together they bring more than 60 years of
distinguished experience in the energy industry that will further
strengthen our board. We look forward to leveraging their insights and
expertise to help guide Devon’s strategic decisions.”
Barbara M. Baumann
, 58, is a former BP Amoco executive who currently
serves as president and owner of Cross Creek Energy Corporation, an
energy advisory firm with investments in the domestic oil and gas
business. Prior to founding her own firm in 2003, Baumann was executive
vice president of Associated Energy Managers, a private equity firm
investing in small energy companies. Ms. Baumann began her 18-year
career with Amoco (later BP Amoco) in 1981. She served in various areas
of finance and operations, including chief financial officer of Ecova
Corporation, Amoco’s wholly-owned environmental remediation business,
and vice president of Amoco’s San Juan Basin business unit. Ms. Baumann
also serves on the boards of SM Energy Company and UNS Energy
Corporation, as well as the board of trustees for Putnam Investments,
Inc. Ms. Baumann earned a bachelor’s degree from Mount Holyoke College
and a master’s in business administration from the Wharton School of the
University of Pennsylvania.
John E. Bethancourt
, 62, is a retired Chevron executive. Mr. Bethancourt
most recently served as executive vice president for technology and
services where he was responsible for overseeing Chevron’s
environmental, health and safety efforts, major project management,
procurement, and mining operations. Mr. Bethancourt began his career in
1974 with Getty Oil Company and joined Texaco Inc. in 1984 when the two
companies merged. During his career with Texaco and later Chevron, Mr.
Bethancourt served in various executive leadership roles overseeing
business development, worldwide production operations and human
resources. He serves on the board of trustees of the Texas A&M
Foundation and is a past director of both the Society of Petroleum
Engineers and the National Action Council for Minorities in Engineering,
Inc. Mr. Bethancourt earned a bachelor’s degree in petroleum engineering
from Texas A&M University.
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 Contacts
Scott Coody,
405-552-4735
or
Shea Snyder, 405-552-4782
or
Media
Contact
Chip Minty, 405-228-8647