Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On September 15, 2022, Devon Energy Corporation (the "Company") announced that
David A. Hager notified the Company that he has decided to retire from the Board
of Directors of the Company (the "Board"), including his position as Executive
Chair of the Board, effective as of January 7, 2023. Mr. Hager's decision to
retire from the Board is not the result of any disagreement with the Company on
any matter relating to the Company's operations, policies or practices.
Following his retirement from the Board, Mr. Hager will continue in a special
advisory capacity to the Company until his planned departure as an employee of
the Company later in the first quarter of 2023.
The Board has also announced its intention to appoint Barbara M. Baumann as its
Board Chair effective upon Mr. Hager's retirement from the Board.
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