Ovintiv Inc. ·OVV

Five-member ELT with COO-centric operations model

Energy · Fortune #438 · Functional structure · 2K employees · Denver, Colorado

View as of:
4
CEO span
↓ tighter than peers (avg 7)
3.2
Avg span
moderate
3
Max depth
3 levels
6 yr
Avg tenure
stable vs FY2024
75%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$8.7B
Operating income
$1.1B
Net income
$1.2B
Total assets
$20.4B
Shares out
283M

Sourced from Ovintiv Inc. DEF 14A · filed 2026-03-25 ↗ View on SEC

Interactive org chart

Ovintiv Inc. organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

Ovintiv operates with a notably lean five-member executive team, where all Permian and Montney operations roll up to a single COO. This page details the company’s functional structure, executive roles, recent leadership changes, and peer comparisons.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Peter A. Dea departed as Chairman of the Board

Announced retirement effective May 6, 2026.

Source · See change log

Scenario views in the chart

  • Add Chief AI Officer Introduce a Chief AI Officer reporting to the CEO to formalize oversight of analytics and AI used in drilling optimization.
  • Move Midstream under COO Shift midstream operations from Legal to Operations to further centralize asset execution under the COO.

Atlas work this supports

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The people

Who's running this

5 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

Greg Givens

Executive Vice-President & Chief Operating Officer

Operations

7 yr

3 reports

internal

Brendan McCracken

President & Chief Executive Officer

Executive

5 yr

16 reports

internal

Meghan Eilers

Executive Vice-President, Midstream & Marketing and General Counsel

Legal & Midstream

4 yr

3 reports

internal

Rachel Moore

Executive Vice-President, Corporate Services

Corporate Services

6 yr

3 reports

internal

Corey Code

Executive Vice-President & Chief Financial Officer

Finance

7 yr

3 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 5 named executive officers disclosed. Bar length scales with total compensation.

Brendan McCracken $13.7M
Base salary
$1.19M
Stock awards
$9.90M
Non-equity incentive
$2.14M
Other
$471K
Fiscal year
FY2025
Corey Code $4.7M
Base salary
$589K
Stock awards
$3.15M
Non-equity incentive
$824K
Other
$137K
Fiscal year
FY2025
Greg Givens $5.4M
Base salary
$712K
Stock awards
$3.50M
Non-equity incentive
$998K
Other
$163K
Fiscal year
FY2025
Meghan Eilers $3.2M
Base salary
$519K
Stock awards
$2.00M
Non-equity incentive
$564K
Other
$121K
Fiscal year
FY2025
Rachel Moore $2.7M
Base salary
$459K
Stock awards
$1.65M
Non-equity incentive
$499K
Other
$116K
Fiscal year
FY2025

The skin in the game

Beneficial ownership

Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.

Stock ownership requirements
Director cash retainer

Independent directors must hold equity equal to five times annual cash compensation.

The businesses

How Ovintiv Inc. divides the work

3 divisions report into the group CEO. Tile size scales with estimated headcount.

Operations

900 employees

Executive Vice-President & Chief Operating Officer (Greg Givens)

Manages drilling, completions, and production across Permian and Montney assets.

Finance

200 employees

Executive Vice-President & Chief Financial Officer (Corey Code)

Oversees financial reporting, capital allocation, treasury, and investor relations.

Legal, Midstream & Marketing

250 employees

Executive Vice-President, Midstream & Marketing and General Counsel (Meghan Eilers)

Handles legal affairs, governance, midstream infrastructure, and commodity marketing.

The thesis

Why this org is unusual

Ovintiv’s most distinctive structural feature is its compact five-member executive leadership team with a COO-led operating core.

Operations across the Permian and Montney basins are centralized under a single COO rather than split by regional presidents. Finance, legal/midstream, and corporate services report directly to the CEO, producing a functional structure with clear accountability and limited management layers.
  • COO centralizes all basin operations
  • No standalone regional presidents

The comparison

How Ovintiv Inc. stacks up

Compared with similarly sized North American E&P peers, Ovintiv runs a leaner C-suite with fewer direct reports and no separate regional CEOs. Peers such as Devon or Pioneer historically layered basin leadership more deeply. Ovintiv’s model emphasizes enterprise-wide operational consistency and capital discipline, …

C-suite size

Ovintiv Inc.
5
Pioneer Natural Resources
6

Reporting depth

Ovintiv Inc.
3 levels
4 levels
Pioneer Natural Resources
5 levels

Avg C-suite tenure

Ovintiv Inc.
6 yr
Pioneer Natural Resources
6 yr

Has COO / Has CAIO

Ovintiv Inc. ✓ COO — no CAIO
Devon Energy ✓ COO — no CAIO
EOG Resources — no COO — no CAIO
Pioneer Natural Resources ✓ COO — no CAIO
ConocoPhillips ✓ COO — no CAIO

Current signals

What changed recently

Board leadership transitioned with Steven Nance becoming Chairman following Peter Dea’s announced retirement.

  • departed
    Peter A. Dea Chairman of the Board

    Announced retirement effective May 6, 2026.

    Source
  • promoted
    Steven W. Nance Chairman of the Board

    Elected Chairman effective upon Peter Dea’s retirement on May 6, 2026.

    Source
  • new
    Gregory P. Hill Director

    Appointed to Ovintiv Board effective January 30, 2026.

    Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025
DEF 14A filed 2026-03-25
CEO
Brendan McCracken
CEO span
4
C-suite
5
Avg tenure
6 yr

Stable five-member ELT with long average tenure.

Named executive officers (5)
  • Brendan McCracken - President & CEO since 2021
  • Corey Code - EVP & CFO since 2019
  • Greg Givens - EVP & COO since 2019
  • Meghan Eilers - EVP, Midstream & Marketing and General Counsel since 2022
  • Rachel Moore - EVP, Corporate Services since 2020
FY2024
DEF 14A filed 2025-03-20
CEO
Brendan McCracken
CEO span
4
C-suite
5
Avg tenure
5.5 yr

Midstream responsibilities had not yet expanded under General Counsel.

Named executive officers (5)
  • Brendan McCracken - President & CEO since 2021
  • Corey Code - EVP & CFO since 2019
  • Greg Givens - EVP & COO since 2019
  • Meghan Eilers - EVP & General Counsel since 2022
  • Rachel Moore - EVP, Corporate Services since 2020
FY2023
DEF 14A filed 2024-03-22
CEO
Brendan McCracken
CEO span
4
C-suite
5
Avg tenure
5 yr

Leadership continuity through commodity cycle volatility.

Named executive officers (5)
  • Brendan McCracken - President & CEO since 2021
  • Corey Code - EVP & CFO since 2019
  • Greg Givens - EVP & COO since 2019
  • Meghan Eilers - EVP & General Counsel since 2022
  • Rachel Moore - EVP, Corporate Services since 2020

Year-over-year changes

FY2023 → FY2024

Leadership titles evolved while overall structure and span remained stable.

  • CEO span: 4 → 4
  • C-suite size: 5 → 5
  • Avg tenure: 5 → 5.5 yr
  • retitled Meghan Eilers - Expanded Midstream & Marketing scope (was General Counsel) (DEF 14A 2025-03-20)
FY2024 → FY2025

No executive turnover; tenure continued to lengthen.

  • CEO span: 4 → 4
  • C-suite size: 5 → 5
  • Avg tenure: 5.5 → 6 yr

The board

Board of directors

2 directors. 1 of 2 independent (50%). Source: most recent DEF 14A.

Brendan M. McCracken

Inside

President & CEO, Ovintiv

Steven W. Nance

Chair Independent

Frequently Asked Questions

Who is the CEO of Ovintiv?

Brendan McCracken has served as President and CEO since 2021.

What type of organizational structure does Ovintiv use?

Ovintiv uses a functional organizational structure with centralized operations.

How many direct reports does Ovintiv's CEO have?

The CEO has four direct reports on the executive leadership team.

How has Ovintiv's leadership changed recently?

Recent changes include a new board appointment and a transition in board chairmanship in 2026.

Does Ovintiv have a COO?

Yes. Greg Givens has served as Executive Vice-President and COO since 2019.

Sources

  • 8-K Filing, Dec 12 2025
  • 8-K Filing, Jan 29 2026
  • SEC EDGAR: Ovintiv Inc. DEF 14A Proxy Statement
  • SEC EDGAR: Ovintiv Inc. 10-K Annual Report

Reference

Cite this page

If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.

APA 7th
Creately. (2026). Ovintiv Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/ovintiv/
MLA 9th
"Ovintiv Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/ovintiv/. Accessed .
Chicago 17
Creately. "Ovintiv Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/ovintiv/.
Original SEC source View on SEC ↗
Ovintiv Inc.. DEF 14A. Filed 2026-03-25. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1792580/000119312526124351/d62879ddef14a.htm

Permanent URL: https://creately.com/org-chart/fortune-500/ovintiv/ · last updated 2026-04-01

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