Oil and gas producer Devon Energy Corp. on Monday said Chief Financial Officer Brian J. Jennings will step down.

Jennings, 46, spent seven years with the company and is leaving "to pursue other interests," Devon said.

Danny Heatly, vice president of accounting, will continue to fulfill the responsibilities of principal accounting officer.

In November, Devon posted a 5 percent drop in third-quarter earnings due to lower natural gas prices and increased operating costs.