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Devon Energy Corp. announced on Jan. 13 a series of executive leadership changes as the company transitions in March from the leadership of retiring CEO Rick Muncrief.
Delaware Basin Vice President John Raines has been promoted to the position of senior vice president of E&P asset management. Vice President and CTO Trey Lowe will now assume the role of senior vice president.
Both Raines and Lowe have been with Devon since 2005. Raines has held various management roles within Devon, including vice president of the Rockies and vice president of land and regulatory. Lowe will continue his role as CTO with his team, which includes Devon Energy Ventures, operational technology, IT and other digital teams.
“We look forward to them building on their successes and broadening their impact in their new capacities as part of our executive leadership team,” said incoming Devon CEO Clay Gaspar.
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Devon CEO Muncrief to Retire, COO Gaspar to Take Top Job in March
Tom Hellman is also joining Devon as senior vice president of E&P operations from Marathon Oil, where he served as the vice president of operations for Marathon’s Permian and Oklahoma assets.
“We are thrilled to welcome Tom to Devon,” Gaspar said. “Tom has over 30 years of experience in oil and gas across multiple companies in various operational roles and senior management positions.”
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