John Krenicki Jr. to Retire from Devon Energy Board of Directors
Devon Energy (NYSE: DVN) announced that board member John Krenicki Jr. will retire at the end of his current term and won't seek re-election at the company's annual stockholders meeting scheduled for June 4, 2025. Krenicki, who has served on Devon's board since 2018, will focus on his full-time responsibilities as Vice Chairman at private equity firm CD&R.
During his tenure, Krenicki provided strategic guidance for key corporate initiatives, notably contributing to the transformative merger between Devon and WPX Energy in 2021. Devon's Chairman John Bethancourt acknowledged Krenicki's distinguished service and contributions to the company's board.
Devon Energy (NYSE: DVN) ha annunciato che il membro del consiglio John Krenicki Jr. si ritirerà al termine del suo attuale mandato e non si candiderà per la rielezione all'assemblea annuale degli azionisti dell'azienda, programmata per il 4 giugno 2025. Krenicki, che fa parte del consiglio di Devon dal 2018, si concentrerà sulle sue responsabilità a tempo pieno come Vice Presidente presso la società di private equity CD&R.
Durante il suo mandato, Krenicki ha fornito orientamenti strategici per iniziative aziendali chiave, contribuendo in particolare alla fusione trasformativa tra Devon e WPX Energy nel 2021. Il Presidente di Devon, John Bethancourt, ha riconosciuto il servizio e i contributi distintivi di Krenicki al consiglio dell'azienda.
Devon Energy (NYSE: DVN) anunció que el miembro de la junta John Krenicki Jr. se retirará al final de su mandato actual y no buscará la reelección en la reunión anual de accionistas de la compañía programada para el 4 de junio de 2025. Krenicki, quien ha sido miembro de la junta de Devon desde 2018, se enfocará en sus responsabilidades a tiempo completo como Vicepresidente en la firma de capital privado CD&R.
Durante su mandato, Krenicki proporcionó orientación estratégica para iniciativas corporativas clave, contribuyendo notablemente a la fusión transformadora entre Devon y WPX Energy en 2021. El Presidente de Devon, John Bethancourt, reconoció el servicio y las contribuciones destacadas de Krenicki al consejo de la compañía.
데본 에너지 (NYSE: DVN)는 이사 존 크레니키 주니어가 현재 임기가 끝나는 대로 은퇴하고 2025년 6월 4일에 예정된 연례 주주 총회에서 재선에 나서지 않을 것이라고 발표했습니다. 2018년부터 데본의 이사로 활동해온 크레니키는 사모펀드 회사인 CD&R에서 부회장으로서의 전임 업무에 집중할 예정입니다.
그의 재임 기간 동안 크레니키는 주요 기업 이니셔티브에 대한 전략적 지침을 제공했으며, 특히 2021년 데본과 WPX 에너지 간의 혁신적인 합병에 기여했습니다. 데본의 회장인 존 베선코트는 크레니키의 뛰어난 서비스와 회사 이사회에 대한 기여를 인정했습니다.
Devon Energy (NYSE: DVN) a annoncé que le membre du conseil John Krenicki Jr. prendra sa retraite à la fin de son mandat actuel et ne se représentera pas à l'assemblée générale annuelle des actionnaires de l'entreprise prévue pour le 4 juin 2025. Krenicki, qui siège au conseil de Devon depuis 2018, se concentrera sur ses responsabilités à temps plein en tant que Vice-Président chez la société de capital-investissement CD&R.
Au cours de son mandat, Krenicki a fourni des conseils stratégiques pour des initiatives clés de l'entreprise, contribuant notamment à la fusion transformative entre Devon et WPX Energy en 2021. Le Président de Devon, John Bethancourt, a reconnu le service distingué et les contributions de Krenicki au conseil d'administration de l'entreprise.
Devon Energy (NYSE: DVN) gab bekannt, dass das Vorstandsmitglied John Krenicki Jr. am Ende seiner aktuellen Amtszeit zurücktreten und sich nicht zur Wiederwahl bei der für den 4. Juni 2025 angesetzten jährlichen Hauptversammlung der Aktionäre bewerben wird. Krenicki, der seit 2018 im Vorstand von Devon tätig ist, wird sich auf seine Vollzeitverantwortung als Vizepräsident bei der Private-Equity-Firma CD&R konzentrieren.
Während seiner Amtszeit gab Krenicki strategische Leitlinien für wichtige Unternehmensinitiativen und trug insbesondere zur transformierenden Fusion zwischen Devon und WPX Energy im Jahr 2021 bei. Devons Vorsitzender John Bethancourt würdigte Krenickis herausragenden Dienst und seine Beiträge zum Vorstand des Unternehmens.
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OKLAHOMA CITY, March 05, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) announced today that John Krenicki Jr. is retiring from the company's board of directors at the end of his current term and will not stand for re-election at the company’s annual meeting of stockholders, which is scheduled for June 4, 2025. Mr. Krenicki plans to focus on his full-time responsibilities at CD&R, a private equity firm where he currently serves as Vice Chairman.
"John Krenicki has served with distinction on Devon’s board since 2018, leaving a mark through his dedication. We are grateful for his years of service, during which he offered strategic guidance and wise counsel, including with the transformative merger of Devon and WPX Energy in 2021. We wish John the best in the continued growth of his private equity ventures," said John Bethancourt, Devon's Chairman.
ABOUT DEVON ENERGY
Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon’s disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit www.devonenergy.com.
| Investor Contact | Media Contact |
| investor.relations@dvn.com | Michelle Hindmarch |
| 405-228-4450 | 405-552-7460 |
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