(REUTERS) — Devon Energy said Monday that CEO Rick Muncrief, a U.S. shale industry veteran, will step down effective March 1, and hand over the reins to Chief Operating Officer Clay Gaspar.

Gaspar assumed the role of executive VP and COO in January 2021 following Devon's (DVN) merger with WPX Energy, where he was President and COO; his earlier career includes technical and leadership ...

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