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Devon Energy Corporation: John Richels named CEO

Staff writer |
Oklahoma City, Ok., USA - June 9, 2010, Oklahoma City, Ok., USA - Devon Energy Corporation, an oil and gas company, announced the election of the president John Richels to the position of CEO.

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Mr. Richels was elected president of Devon in 2004 and joined the board of directors in 2007.

He previously served as a senior vice president of Devon and president and chief executive officer of Devon’s Canadian subsidiary.

Mr. Richels joined Devon through its 1998 acquisition of Canadian-based Northstar Energy Corp. Prior to joining Northstar, Richels was managing and chief operating partner of the Canadian-based national law firm, Bennett Jones.

Mr. Richels previously served as a director of a number of publicly traded companies.

He holds a bachelor’s degree in economics from York University and a law degree from the University of Windsor.

Devon Energy's Co-founder and Chairman, J. Larry Nichols, who has served as chief executive officer since 1980, will continue with Devon in the newly created position of executive chairman.

Mr. Nichols is a co-founder of Devon and has been a director since 1971 and has been chief executive officer since 1980.

He graduated from Princeton University with a bachelor’s degree in geology and he completed his juris doctorate at the University of Michigan in 1967, where he was a member of the Order of Coif and a comment editor of Law Review.

Mr. Nichols served as law clerk to Chief Justice Earl Warren and Justice Tom Clark of the U.S. Supreme Court from 1967 to 1968.

He then served as special assistant to Assistant Attorney General William Rehnquist in the U.S. Department of Justice in Washington, D.C.

Mr. Nichols serves as chairman of the American Petroleum Institute and is on the executive committee of the board of directors for America’s Natural Gas Alliance.

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