Devon Energy co-founder Larry Nichols to retire Dec. 31
BY JAY F. MARKS NewsOK.com
Wednesday, December 12, 2012
12/12/12 at 3:36 AM
OKLAHOMA CITY - Larry Nichols is nearing his last day as an employee of the company he co-founded with his father more than 40 years ago.
Nichols, 70, will retire as a Devon Energy Corp. employee effective Dec. 31, according to a regulatory filing Tuesday. He will remain on the company's board as executive chairman.
"This is really the next step in the succession process that Larry Nichols laid out in 2010 when John Richels became CEO," Devon spokesman Chip Minty said.
Nichols informed the company's board of his pending retirement on Friday.
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Original Print Headline: Devon Energy co-founder to retire Dec. 31
Larry Nichols will remain on the company's board as executive chairman. Bloomberg file