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Devon Energy Announces Updates to Executive Leadership Team

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Devon Energy (NYSE: DVN) announced key updates to its executive leadership team. John Raines has been promoted to Senior Vice President, E&P Asset Management from his previous role as Vice President, Delaware Basin. Trey Lowe has been elevated to Senior Vice President and Chief Technology Officer, previously serving as Vice President and CTO.

Additionally, Tom Hellman joins Devon as Senior Vice President, E&P Operations, bringing over 30 years of industry experience, most recently from Marathon Oil where he served as Vice President, Operations for Permian and Oklahoma assets.

The appointments were announced by Clay Gaspar, Devon's incoming CEO, who expressed confidence in the leadership capabilities and industry expertise of all three executives.

Devon Energy (NYSE: DVN) ha annunciato aggiornamenti significativi al suo team di leadership esecutiva. John Raines è stato promosso a Senior Vice President, E&P Asset Management, dal suo precedente ruolo di Vice President, Delaware Basin. Trey Lowe è stato elevato a Senior Vice President e Chief Technology Officer, avendo precedentemente ricoperto il ruolo di Vice President e CTO.

Inoltre, Tom Hellman si unisce a Devon come Senior Vice President, E&P Operations, portando con sé oltre 30 anni di esperienza nel settore, recentemente proveniente da Marathon Oil, dove ha ricoperto il ruolo di Vice President, Operations per i beni del Permian e dell'Oklahoma.

Le nomine sono state annunciate da Clay Gaspar, il nuovo CEO di Devon, che ha espresso fiducia nelle capacità di leadership e nell'expertise di settore dei tre dirigenti.

Devon Energy (NYSE: DVN) anunció actualizaciones clave en su equipo de liderazgo ejecutivo. John Raines ha sido ascendido a Vicepresidente Senior, Gestión de Activos E&P desde su anterior cargo como Vicepresidente, Cuenca de Delaware. Trey Lowe ha sido elevado a Vicepresidente Senior y Director de Tecnología, habiendo servido previamente como Vicepresidente y CTO.

Además, Tom Hellman se une a Devon como Vicepresidente Senior, Operaciones E&P, aportando más de 30 años de experiencia en la industria, recientemente proveniente de Marathon Oil, donde se desempeñó como Vicepresidente de Operaciones para los activos de Permian y Oklahoma.

Las designaciones fueron anunciadas por Clay Gaspar, el próximo CEO de Devon, quien expresó confianza en las capacidades de liderazgo y el conocimiento del sector de los tres ejecutivos.

Devon Energy (NYSE: DVN)는 경영진 리더십 팀에 대한 주요 업데이트를 발표했습니다. John Raines는 이전 역할인 Vice President, Delaware Basin에서 E&P 자산 관리의 Senior Vice President로 승진했습니다. Trey Lowe는 Vice President와 CTO에서 Senior Vice President 및 최고 기술 책임자로 승진했습니다.

또한 Tom Hellman은 E&P 운영의 Senior Vice President로 Devon에 합류하며, 최근 Marathon Oil에서 Permian과 Oklahoma 자산의 Operations 부사장으로 근무한 30년 이상의 업계 경험을 가지고 있습니다.

이 임명은 Devon의 차기 CEO인 Clay Gaspar에 의해 발표되었으며, 세 명의 임원 모두의 리더십 능력과 산업 전문성에 대한 신뢰를 표명했습니다.

Devon Energy (NYSE: DVN) a annoncé des mises à jour clés concernant son équipe de direction exécutive. John Raines a été promu au poste de Senior Vice President, Gestion des actifs E&P, précédemment Vice President dans le bassin du Delaware. Trey Lowe a été élevé au poste de Senior Vice President et directeur technologique, ayant précédemment occupé le poste de Vice President et CTO.

De plus, Tom Hellman rejoint Devon en tant que Senior Vice President, Opérations E&P, apportant plus de 30 ans d'expérience dans l'industrie, ayant récemment travaillé chez Marathon Oil en tant que Vice President, Opérations pour les actifs du Permien et de l'Oklahoma.

Les nominations ont été annoncées par Clay Gaspar, le futur CEO de Devon, qui a exprimé sa confiance dans les capacités de leadership et l'expertise sectorielle des trois dirigeants.

Devon Energy (NYSE: DVN) hat wichtige Aktualisierungen seines Führungsteams bekannt gegeben. John Raines wurde vom Vice President für das Delaware-Becken zum Senior Vice President für E&P Asset Management befördert. Trey Lowe wurde zum Senior Vice President und Chief Technology Officer befördert, nachdem er zuvor als Vice President und CTO tätig war.

Zusätzlich tritt Tom Hellman als Senior Vice President für E&P Operations zu Devon bei und bringt über 30 Jahre Branchenerfahrung mit, zuletzt von Marathon Oil, wo er als Vice President für die Operations der Vermögenswerte in Permian und Oklahoma tätig war.

Die Ernennungen wurden von Clay Gaspar, dem kommenden CEO von Devon, bekanntgegeben, der Vertrauen in die Führungskompetenzen und die Branchenerfahrung aller drei Führungskräfte äußerte.

Positive
  • Strategic strengthening of executive team with experienced industry professionals
  • Internal promotion of two long-serving executives shows strong succession planning
  • Addition of external talent with 30+ years of industry experience in key operational roles
Negative
  • None.

OKLAHOMA CITY, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corporation (NYSE: DVN) today announced key updates to its executive leadership team.

The company promoted John Raines to the position of Senior Vice President, E&P Asset Management and Trey Lowe to the position of Senior Vice President and Chief Technology Officer.

“Both John and Trey have consistently demonstrated exceptional leadership and a deep commitment to Devon and the achievement of our goals,” said Clay Gaspar, Devon’s incoming CEO. “We look forward to them building on their successes and broadening their impact in their new capacities as part of our executive leadership team.”

The company also named Tom Hellman to the position of Senior Vice President, E&P Operations.

“We are thrilled to welcome Tom to Devon,” said Gaspar. “Tom has over 30 years of experience in oil and gas across multiple companies in various operational roles and senior management positions. He is not only a seasoned leader, but also someone who embodies our core values. We look forward to his contributions to our executive leadership team as we navigate the opportunities before us.”

John Raines previously served in the role of Vice President, Delaware Basin. Raines joined Devon in 2005 and has held a variety of management roles including Vice President of the Rockies business unit and Vice President of Land and Regulatory. Raines has a bachelor’s degree in finance and energy management from the University of Oklahoma, and a juris doctor degree from the Oklahoma City University School of Law. He is a licensed attorney in the state of Oklahoma and a member of the Oklahoma Bar Association.

Trey Lowe previously served in the role of Vice President and Chief Technology Officer. His team includes Devon Energy Ventures, operational technology, IT and other digital teams. He joined Devon in 2005 from Schlumberger where he held various engineering and management positions. Trey holds a Bachelor of Science in Chemical Engineering from Oklahoma State University. He is also a past Distinguished Lecturer for the Society of Petroleum Engineers.

Tom Hellman joins Devon after seven years at Marathon Oil Corporation serving in various leadership roles. Most recently, he was Vice President, Operations for Marathon’s Permian and Oklahoma assets. Tom also previously held leadership roles at WPX Energy, APA Corporation and BP plc among other energy companies. He graduated from the University of Alberta in 1991 with a Bachelor of Science degree in Petroleum Engineering.

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 our website at www.devonenergy.com.

Investor Contacts
Rosy Zuklic, 405-552-7802
Chris Carr, 405-228-2496

Media Contact
Michelle Hindmarch, 405-552-7460

This press release was published by a CLEAR® Verified individual.


FAQ

Who are the new executives appointed to Devon Energy's (DVN) leadership team in 2025?

Devon Energy appointed John Raines as Senior VP of E&P Asset Management, Trey Lowe as Senior VP and Chief Technology Officer, and Tom Hellman as Senior VP of E&P Operations.

What is Tom Hellman's background before joining Devon Energy (DVN)?

Tom Hellman previously worked at Marathon Oil for seven years, most recently as VP of Operations for Permian and Oklahoma assets, and held leadership roles at WPX Energy, APA , and BP plc.

How long has John Raines been with Devon Energy (DVN)?

John Raines joined Devon Energy in 2005 and has held various management roles including VP of the Rockies business unit and VP of Land and Regulatory.

What is Trey Lowe's role in Devon Energy's (DVN) technology initiatives?

Trey Lowe leads Devon Energy Ventures, operational technology, IT, and other digital teams as Senior VP and Chief Technology Officer.

Who announced these executive appointments at Devon Energy (DVN)?

Clay Gaspar, Devon's incoming CEO, announced these executive appointments and expressed confidence in their leadership capabilities.

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