Devon Energy Elevates Leaders to Strengthen Executive Team

Devon Energy's Executive Leadership Team Enhancements

Devon Energy Corporation (NYSE: DVN) has recently made significant updates to its executive leadership team, ensuring robust management to navigate the energy landscape.

Promotions and New Appointments

In a move to bolster its operational strength, Devon promoted John Raines to Senior Vice President, E&P Asset Management, and Trey Lowe to Senior Vice President and Chief Technology Officer. These promotions reflect the company’s commitment to internal talent development and recognition of consistent leadership.

Leadership Philosophy

Clay Gaspar, the incoming CEO, expressed confidence in their capabilities, stating, "Both John and Trey have consistently demonstrated exceptional leadership and a deep commitment to Devon and the achievement of our goals. We look forward to them building on their successes and broadening their impact in their new capacities as part of our executive leadership team."

Introducing Tom Hellman

Among the new appointments is Tom Hellman as Senior Vice President of E&P Operations. With over three decades of industry experience, his background includes significant roles across oil and gas operations. Gaspar welcomed Tom, outlining his rich experience and leadership attributes, emphasizing that he embodies the core values of the organization.

Experience and Background

John Raines, before his promotion, served as Vice President for the Delaware Basin and joined Devon in 2005. Over his tenure, he has taken on various management roles, proving his mettle in positions such as Vice President of the Rockies business unit and Vice President of Land and Regulatory. His dual degrees in finance, energy management, and law equip him with a well-rounded perspective on the industry's challenges.

Trey Lowe's Contributions

Trey Lowe also stepped up from being Vice President and Chief Technology Officer. His vast team oversees Devon Energy Ventures, operational technology, IT, and other digital initiatives. Having joined from Schlumberger in 2005, Trey's academic background in Chemical Engineering solidifies his technical expertise, making him a valuable asset to the company.

Tom Hellman's Impressive Track Record

Tom Hellman transitioned to Devon from Marathon Oil Corporation, where he held multiple leadership roles, including Vice President, Operations for their Permian and Oklahoma assets. This rich background, including tenures at WPX Energy, APA Corporation, and BP plc, brings an invaluable skill set to his new role.

Devon Energy's Market Presence

Headquartered in Oklahoma City, Devon Energy Corporation is recognized as a premier independent energy company, playing a pivotal role in oil and gas exploration and production. The company has established a notable presence as one of the leading independent producers in the U.S. and is a significant player in the S&P 500 Index.

Continually dedicated to innovation and excellence, Devon Energy aims to leverage its strengthened leadership team to drive future initiatives and capitalize on emerging opportunities in the ever-evolving energy sector. For additional inquiries or details, the following contacts are available:

Investor Contacts
Rosy Zuklic, 405-552-7802
Chris Carr, 405-228-2496

Media Contact
Michelle Hindmarch, 405-552-7460

Frequently Asked Questions

1. What is the recent update concerning Devon Energy's leadership?

Devon Energy has promoted John Raines and Trey Lowe while also appointing Tom Hellman to strengthen its leadership team.

2. Who is the new Senior Vice President of E&P Operations?

Tom Hellman has been appointed as Senior Vice President of E&P Operations, bringing over 30 years of industry experience to the role.

3. What background does John Raines have?

John Raines has held several key roles at Devon since joining in 2005, including Vice President for various business units.

4. What are Trey Lowe's responsibilities now as Chief Technology Officer?

Trey Lowe oversees Devon Energy Ventures and manages teams focusing on operational technology and digital initiatives.

5. How does Devon Energy position itself in the market?

As a leading independent energy company, Devon Energy is actively engaged in oil and gas exploration and production and is included in the S&P 500 Index.

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