Attached files
| file | filename |
|---|---|
| 8-K - 8-K - DEVON ENERGY CORP/DE | d79811e8vk.htm |
Exhibit 99.1
|
Devon Energy Corporation | |
| 20 North Broadway | ||
| Oklahoma City, OK 73102-8260 |
News Release
Investor Contact
|
Shea Snyder | 405 552 4782 | ||||
Media Contact
|
Chip Minty | 405 228 8647 |
DEVON ENERGY ANNOUNCES CHANGE TO ITS BOARD OF DIRECTORS
OKLAHOMA CITY — February 17, 2011 — Devon Energy Corporation (NYSE:DVN) today reported that
J. Todd Mitchell will not stand for reelection to the company’s board of directors at the
expiration of his current term. Mr. Mitchell’s decision was based on his desire to devote
more time to his family and the increased demands on his time from his active role in his
family enterprise. He will fulfill his term through the annual shareholders meeting on June
8, 2011.
“My tenure on Devon’s board has been a great experience,” commented Mr. Mitchell. “I hold the
company’s board of directors and management team in the highest regard, and I look forward to
continuing my relationship with the company as a shareholder.”
“Todd’s valuable insight and keen business acumen have contributed to Devon’s success during
his nine year tenure,” said Larry Nichols, Devon’s Executive Chairman. “We owe Todd a debt of
gratitude for his service and we will miss him deeply.”
Mr. Mitchell has served on Devon’s board since 2002. Todd Mitchell currently serves as
president of Two Seven Ventures LLC, a private energy investment company. Prior to that Mr.
Mitchell served as president of GPM Inc., a family-owned investment company, from 1998 to
2006, and as vice president for strategic planning from 2006 to 2007. He was on the board of
directors of Mitchell Energy & Development Corporation from 1993 to 2002.
Devon Energy Corporation is an Oklahoma City-based independent energy company engaged in oil
and gas exploration and production. Devon is a leading U.S.-based independent oil and gas
producer and is included in the S&P 500 Index. For additional information, visit
www.devonenergy.com.
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