Owens is a longtime Nationwide Series crew chief and the nephew of Richard Petty. His hiring Monday for the No. 43 Ford is his first full-time crew chief job in the Sprint Cup Series.
Owens replaces Todd Parrott, who was fired in October when he failed a random NASCAR drug test.
Owens has won five Nationwide races with five different drivers. He spent last season as crew chief for Kyle Larson at Turner Motorsports.