OKLAHOMA CITY--(BUSINESS WIRE)--
Devon Energy Corp. (NYSE: DVN) announced today that the company’s board
of directors has elected Jeff Ritenour, most recently Devon’s senior
vice president of corporate finance, investor relations and treasurer,
to the position of executive vice president and chief financial officer,
effective immediately.
Ritenour has been with Devon since 2001 and has served in his most
recent role since 2016. In his 16 years with the company, he has served
in numerous leadership positions and in various financial and commercial
roles, including senior vice president of investor relations and vice
president of acquisitions and divestitures. Before joining Devon,
Ritenour was affiliated with the international accounting firm Ernst &
Young in Dallas, Texas. He is a certified public accountant and holds a
bachelor’s degree in accounting and a master’s degree in business
administration, both from the University of Oklahoma.
“I want to congratulate Jeff on his well-deserved promotion to executive
vice president and CFO,” said Devon President and CEO Dave Hager. “Jeff
is a proven leader who has had significant influence on the execution of
our strategy and the growth of our company. He has been an integral part
of our finance team for many years and has the full confidence of our
board of directors, senior management team and his finance and investor
relations teams.”
“I’m excited to take on the additional responsibilities of CFO,”
Ritenour said. “I look forward to working with the executive management
team and serving Devon’s shareholders. Devon has a strong finance team,
and we’re well-situated to build upon our financial position as we
successfully execute our operational strategy.”
In a related move, Devon’s incumbent CFO, Tom Mitchell, is leaving the
company to pursue other interests. His departure is not related to any
issues regarding financial disclosures, accounting matters or business
issues. “We appreciate Tom’s service to Devon and wish him all the best
in his future endeavors,” Hager said.
About Devon Energy
Devon Energy is a leading independent energy company engaged in finding
and producing oil and natural gas. Based in Oklahoma City and included
in the S&P 500, Devon operates in several of the most prolific oil and
natural gas plays in the U.S. and Canada with an emphasis on a balanced
portfolio. The company is the second-largest oil producer among North
American onshore independents. For more information, please visit www.devonenergy.com.
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Source: Devon Energy Corporation