Devon Energy names John Bethancourt as chair of board of directors

Devon Energy Corp. announced that the company’s board of directors has appointed John Bethancourt as independent chair of the board, effective July 1, 2024. Bethancourt joined Devon’s board in 2014 following his retirement from Chevron’s executive team. He currently chairs the board’s reserves committee while also serving on the board’s compensation committee. Bethancourt succeeds Barbara Baumann, who will remain on the board and join the compensation committee and governance, environmental, and public policy committee. Baumann was recently named chair of the independent board of trustees of the Putnam Mutual Funds, effective July 1, 2024, a commitment that was anticipated at the time she was named Devon’s chair of the board in 2022. “John’s appointment continues the company’s governance tradition of separating the chair and CEO roles. Over the past decade, John’s leadership, vast industry expertise and strategic insight have played a pivotal role in shaping Devon into the company we are today,” said Rick Muncrief, president and CEO. “I am confident in John’s capabilities and am eager to collaborate with him as we continue to execute on the tenets of our disciplined strategy.”