Devine, 30, has been confirmed to lead the side in both formats indefinitely, starting with the upcoming ODI and T20I series against South Africa later this month.
"I'm really proud and excited to lead the White Ferns," Devine said.
"This is a team I'm deeply passionate about and to have the opportunity to help drive its future is a privilege.
"We've got a good mix of talent and experience in the group and I'm looking forward to leaning on my fellow senior players to try and build on the good work done by Amy and Suzie Bates," she added.
Coach Bob Carter fully endorsed Devine's appointment and said he was looking forward to working with the new captain.
The White Ferns squad selected has a familiar look to it, with 14 of the 15 players named already having represented the team.
However, the newest member of the squad Jess Kerr earns her first selection in a New Zealand squad and the potential of an exciting debut for the Kerr family.
The limited-overs series against South Africa will be followed by the Women's T20 World Cup in Australia from February.
Squad: Sophie Devine (c), Suzie Bates, Bernadine Bezuidenhout (wk), Lauren Down, Maddy Green, Holly Huddleston, Hayley Jensen, Leigh Kasperek, Amelia Kerr, Jess Kerr, Rosemary Mair, Katey Martin, Katie Perkins, Anna Peterson, Rachel Priest (wk)
( With inputs from IANS )