Mergers and acquisitions can provide an education in many aspects of a company's business, says Jeff Ritenour, treasurer and senior vice president of corporate finance at $8 billion Devon Energy.
Ritenour served as the company's vice president of acquisitions and divestitures before he was named treasurer in May, and he played a key role in Devon's recent divestiture of all its Gulf of Mexico and international assets, which generated after-tax proceeds of about $8 billion.
"With M&A, you work with every part of the organization: taxes, accounting and operations," Ritenour says, noting that the same is true in his role as treasurer. "So it's served me very well."
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