Devon Energy Corp. announced Monday it has promoted Dave Hager to chief operating officer.
Hager, 56, has been Devon's executive vice president of exploration and production since 2009. He also served about two years on the company's board.
Hager, who has more than 30 years of experience in oil and natural gas exploration and production, was the chief operating officer of Kerr-McGee Corp. before its 2006 merger with Anadarko Petroleum Corp.
“Dave's extensive industry and leadership experience has enabled him to make a significant contribution to the company over the last four years,” Devon CEO John Richels said. “He will now be in a position to have an even greater impact upon Devon's success through his leadership of companywide operations and the related administrative functions.”
Hager is only the second chief operating officer in Devon's 40-plus-year history, company spokesman Chip Minty said Monday.
Jim Hackett served as Devon's president and chief operating officer for about eight months in 2003 after Devon merged with Ocean Energy Corp. He left in December 2003 to become CEO of Anadarko.
Also moving up
Devon promoted Tony Vaughn, 55, to fill Hager's former position.
Vaughn, who will report to Hager, will be responsible for all of Devon's oil and natural gas exploration, drilling and production operations.
“Tony is a proven performer at Devon,” Hager said. “His leadership skills and extensive industry experience make him the ideal candidate to head up our exploration and production group.”
Vaughn previously served as Devon's senior vice president for exploration and strategic services. He joined the company in 1999 after 12 years with Kerr-McGee.