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Devon Energy ( (DVN) ) has provided an update.
Devon Energy Corporation will see a leadership change as Richard E. Muncrief retires from his roles, with Clay M. Gaspar stepping in as President and CEO in March 2025. Gaspar, currently the Executive VP and COO, will receive a $1 million annual salary and a significant bonus and equity package. This transition comes without internal disagreements, and Muncrief will provide advisory support until mid-2025.
For detailed information about DVN stock, go to TipRanks’ Stock Analysis page.
