Devon Energy Promotes Jeff Ritenour to Chief Financial Officer
April 19 2017 - 04:55PM
Business Wire
Devon Energy Corp. (NYSE: DVN) announced today that the
company’s board of directors has elected Jeff Ritenour, most
recently Devon’s senior vice president of corporate finance,
investor relations and treasurer, to the position of executive vice
president and chief financial officer, effective immediately.
Ritenour has been with Devon since 2001 and has served in his
most recent role since 2016. In his 16 years with the company, he
has served in numerous leadership positions and in various
financial and commercial roles, including senior vice president of
investor relations and vice president of acquisitions and
divestitures. Before joining Devon, Ritenour was affiliated with
the international accounting firm Ernst & Young in Dallas,
Texas. He is a certified public accountant and holds a bachelor’s
degree in accounting and a master’s degree in business
administration, both from the University of Oklahoma.
“I want to congratulate Jeff on his well-deserved promotion to
executive vice president and CFO,” said Devon President and CEO
Dave Hager. “Jeff is a proven leader who has had significant
influence on the execution of our strategy and the growth of our
company. He has been an integral part of our finance team for many
years and has the full confidence of our board of directors, senior
management team and his finance and investor relations teams.”
“I’m excited to take on the additional responsibilities of CFO,”
Ritenour said. “I look forward to working with the executive
management team and serving Devon’s shareholders. Devon has a
strong finance team, and we’re well-situated to build upon our
financial position as we successfully execute our operational
strategy.”
In a related move, Devon’s incumbent CFO, Tom Mitchell, is
leaving the company to pursue other interests. His departure is not
related to any issues regarding financial disclosures, accounting
matters or business issues. “We appreciate Tom’s service to Devon
and wish him all the best in his future endeavors,” Hager said.
About Devon Energy
Devon Energy is a leading independent energy company engaged in
finding and producing oil and natural gas. Based in Oklahoma City
and included in the S&P 500, Devon operates in several of the
most prolific oil and natural gas plays in the U.S. and Canada with
an emphasis on a balanced portfolio. The company is the
second-largest oil producer among North American onshore
independents. For more information, please visit
www.devonenergy.com.
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Devon Energy CorporationInvestor Contacts:Scott Coody,
405-552-4735Chris Carr, 405-228-2496Media Contact:John
Porretto, 405-228-7506
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