Devon Energy Corp. announced that the company’s board of directors has appointed John Bethancourt as independent chair of the board. Bethancourt joined Devon’s board in 2014 following his retirement from Chevron’s executive team. He currently chairs the board’s reserves committee while also serving on the board’s compensation committee.
Bethancourt succeeds Barbara Baumann, who will remain on the board and join the compensation committee and governance, environmental, and public policy committee. Baumann was recently named chair of the independent board of trustees of the Putnam Mutual Funds, a commitment that was anticipated at the time she was named Devon’s chair of the board.
Bethancourt has broad competencies in matters impacting the energy industry and companies in general, including in areas relating to human resources, environmental matters, and energy-related infrastructure. He is a retired Chevron executive, serving most recently as executive vice president for technology and services, where he oversaw Chevron’s environmental, health and safety efforts, major project management, procurement, and mining operations. Bethancourt began his career with Getty Oil Co. in 1974 and joined Texaco Inc. through a 1984 merger. He earned a bachelor’s degree in petroleum engineering from Texas A&M University.
Courtesy of Devon Energy.