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John Krenicki Jr. to Retire from Devon Energy Board of Directors

1. John Krenicki Jr. will retire from Devon's board on June 4, 2025. 2. Krenicki served since 2018, aiding strategic decisions, including mergers. 3. Devon Energy maintains a focus on cash return and shareholder value.

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Why Neutral?

Krenicki's retirement may not directly influence stock performance as governance changes are common. Future strategic direction will be key, similar to past governance impacts.

How important is it?

While the article details a board change, Krenicki's role has less direct influence on immediate stock performance.

Why No Impact?

Retirement of a board member is unlikely to cause immediate market reactions, similar to other board changes without impactful announcements.

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WPXXOMOXY
March 05, 2025 06:55 ET  | Source: Devon Energy Corporation 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. This press release was published by a CLEAR® Verified individual.

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