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TransCanada Adds Devon CEO Richels to Board

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TransCanada Corporation reported the appointment of a new independent director, Mr. John Richels, effective immediately.

Mr. Richels has been the president and chief executive officer of Devon Energy Corporation since 2010, having previously served as president of Devon since 2004. Prior to that, he served as a senior vice president of Devon and president and chief executive officer of Devon's Canadian subsidiary, Devon Canada Corporation, from 1999 through 2004. In 1998, Devon acquired Northstar Energy Corporation, where Mr. Richels held the position of chief financial officer. Before joining Northstar, Mr. Richels was the managing and chief operating partner of the national law firm Bennett Jones LLP.

Since 2013, Mr. Richels has served on the board of directors of BOK Financial Corp. and since 2007 he has served on the board of directors of Devon. From 1993 to 1996, he served on the board of directors of Northstar. Mr. Richels also served as vice-chairman of the board of governors of the Canadian Association of Petroleum Producers.

Mr. Richels has a bachelor's degree in economics from York University and a law degree from the University of Windsor.

"We are extremely pleased to welcome Mr. Richels to the board of directors to contribute to our vision of being the leading energy infrastructure company in North America," said Barry Jackson, chair, TransCanada. "His extensive experience in the oil and gas industry combined with his management and leadership abilities will be an important asset for TransCanada."