Devon Energy Names Stephen Hadden as Vice Presidnet of E&P

Devon Energy reports that Stephen J. Hadden (49) has joined Devon as senior vice president -- exploration and production. Devon initiated an executive search following the retirement of J. Michael Lacey in January 2004. Hadden will be located at Devon's Oklahoma City headquarters and will report to John Richels, the company's president.

Hadden's 24-year corporate career in the oil and gas industry was with Texaco, now ChevronTexaco. He held executive management positions at various operating divisions and at the corporate headquarters. Most recently, Hadden was vice president of Texaco's multi-billion dollar California business unit. His accomplishments include the profitable turnaround of Texaco's significant Kern River business unit. As vice president of Texaco's Western Region, he was responsible for North American producing businesses in California, Canada, the mid-continent, the Rocky Mountains and the Permian Basin with over 2,500 employees.

Since 2001, Hadden has worked as an independent leadership consultant. He holds a bachelor's degree in chemical engineering from Pennsylvania State University.

"We know Steve will be a valuable addition to Devon," said Richels. "He brings to the position a thorough knowledge of our business and a proven track record managing a large operating organization. We are very pleased that Steve has chosen to join Devon and to oversee our exciting world-wide exploration and development programs."

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