Devon Energy Corporation Announces Retirement of Richard E. Muncrief and Appointment of Clay M. Gaspar As President and CEO
Devon Energy Corporation Announces Retirement of Richard E. Muncrief and Appointment of Clay M. Gaspar As President and CEO
12/09/24, 5:07 PM
Location
oklahoma cityIndustry
oil and gas
Position
president
chief executive officer
Devon Energy Corporation has announced the retirement of Richard E Muncrief as President, Chief Executive Officer, and a member of the Board of Directors, effective March 1, 2025. Clay M Gaspar, currently serving as the Executive Vice President and Chief Operating Officer, has been appointed as the new President and CEO, as well as a member of the Board, effective the same date. The transition comes with a clear succession plan and highlights the company's commitment to stable governance and strategic direction.
Company Info
Location
west sheridan avenue
oklahoma city, oklahoma, united states
Additional Info
Devon Energy is a leading oil and gas producer in the U.S. with a premier multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations.