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Diamondback Energy, Inc. Announces Appointment to the Board of Directors

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Diamondback Energy (NASDAQ: FANG) has appointed Darin G. Holderness to its Board of Directors, effective February 3, 2025. Holderness brings over 30 years of energy sector experience, having served in key roles including founder and CFO of P&A Exchange , CFO of ProPetro Holding Corp., and Senior VP, CFO and Treasurer of Concho Resources.

The appointment marks Holderness as the fourth Board member from the Endeavor merger completed in late 2024. His background includes over nine years with KPMG LLP focusing on the energy sector, and board positions at JMR Services , Ranger Oil (where he served as chairman), and Rock Solid Lifestyles, Inc.

CEO Travis Stice highlighted Holderness's deep knowledge of the Permian Basin and the Diamondback story, noting his anticipated contribution to the audit committee.

Diamondback Energy (NASDAQ: FANG) ha nominato Darin G. Holderness nel suo Consiglio di Amministrazione, con effetto dal 3 febbraio 2025. Holderness porta con sé oltre 30 anni di esperienza nel settore energetico, avendo ricoperto ruoli chiave tra cui fondatore e CFO di P&A Exchange, CFO di ProPetro Holding Corp., e VP senior, CFO e Tesoriere di Concho Resources.

Questa nomina segna Holderness come il quarto membro del Consiglio derivante dalla fusione con Endeavor completata a fine 2024. Il suo background include oltre nove anni con KPMG LLP con focus sul settore energetico, oltre a posizioni nel Consiglio di JMR Services, Ranger Oil (dove ha servito come presidente), e Rock Solid Lifestyles, Inc.

Il CEO Travis Stice ha sottolineato la profonda conoscenza di Holderness del Permian Basin e della storia di Diamondback, notando il suo atteso contributo al comitato di revisione.

Diamondback Energy (NASDAQ: FANG) ha nombrado a Darin G. Holderness en su Junta Directiva, con efecto a partir del 3 de febrero de 2025. Holderness aporta más de 30 años de experiencia en el sector energético, habiendo ocupado roles clave como fundador y CFO de P&A Exchange, CFO de ProPetro Holding Corp., y VP senior, CFO y Tesorero de Concho Resources.

Esta nominación convierte a Holderness en el cuarto miembro de la Junta resultante de la fusión con Endeavor completada a finales de 2024. Su trayectoria incluye más de nueve años en KPMG LLP enfocándose en el sector energético, y posiciones en la Junta de JMR Services, Ranger Oil (donde fue presidente), y Rock Solid Lifestyles, Inc.

El CEO Travis Stice destacó el profundo conocimiento de Holderness sobre el Permian Basin y la historia de Diamondback, señalando su contribución anticipada al comité de auditoría.

다이아몬드백 에너지 (NASDAQ: FANG)는 다린 G. 홀더니스(Darin G. Holderness)를 이사회에 임명했으며, 그 효력은 2025년 2월 3일부터 발효됩니다. 홀더니스는 P&A Exchange의 창립자 겸 CFO, ProPetro Holding Corp.의 CFO, Concho Resources의 수석 부사장, CFO 및 재무 담당자 등 에너지 분야에서 30년 이상의 경험을 가지고 있습니다.

이번 임명은 2024년 말 완료된 엔데버 합병으로 인해 홀더니스가 이사회에서 네 번째 멤버가 되는 것을 의미합니다. 그의 경력에는 에너지 분야에 중점을 둔 KPMG LLP에서의 9년 이상의 근무 경험 및 JMR Services, Ranger Oil(회장으로 재임했던 곳), Rock Solid Lifestyles, Inc.의 이사회 직책이 포함됩니다.

CEO 트래비스 스타이스(Travis Stice)는 홀더니스의 퍼미안 분지(Permian Basin) 및 다이아몬드백 역사에 대한 깊은 지식을 강조하며, 감사위원회에 대한 그의 기여를 기대하고 있다고 언급했습니다.

Diamondback Energy (NASDAQ: FANG) a nommé Darin G. Holderness au sein de son Conseil d'Administration, à compter du 3 février 2025. Holderness apporte plus de 30 ans d'expérience dans le secteur de l'énergie, ayant occupé des postes clés tels que fondateur et CFO de P&A Exchange, CFO de ProPetro Holding Corp., et VP senior, CFO et Trésorier de Concho Resources.

Cette nomination fait de Holderness le quatrième membre du Conseil issu de la fusion avec Endeavor, qui s'est achevée fin 2024. Son parcours comprend plus de neuf ans chez KPMG LLP, axé sur le secteur de l'énergie, ainsi que des postes au Conseil de JMR Services, Ranger Oil (où il a été président), et Rock Solid Lifestyles, Inc.

Le PDG Travis Stice a souligné les connaissances approfondies de Holderness sur le Bassin Permien et l'histoire de Diamondback, notant sa contribution attendue au comité d'audit.

Diamondback Energy (NASDAQ: FANG) hat Darin G. Holderness in seinen Vorstand berufen, der am 3. Februar 2025 in Kraft tritt. Holderness bringt über 30 Jahre Erfahrung im Energiesektor mit, wobei er Schlüsselpositionen als Gründer und CFO von P&A Exchange, CFO von ProPetro Holding Corp. sowie als Senior VP, CFO und Schatzmeister bei Concho Resources bekleidet hat.

Die Ernennung macht Holderness zum vierten Vorstandsmitglied aus der Endeavor-Fusion, die Ende 2024 abgeschlossen wurde. Sein Hintergrund umfasst über neun Jahre bei KPMG LLP mit Schwerpunkt auf dem Energiesektor sowie Positionen im Vorstand von JMR Services, Ranger Oil (wo er als Vorsitzender tätig war) und Rock Solid Lifestyles, Inc.

CEO Travis Stice hob das umfassende Wissen von Holderness über das Permian-Becken und die Geschichte von Diamondback hervor und bemerkte seinen erwarteten Beitrag zum Prüfungsausschuss.

Positive
  • Addition of experienced board member with extensive energy sector financial expertise
  • Strategic appointment complementing the Endeavor merger integration
  • Strengthening of audit committee expertise
Negative
  • None.

MIDLAND, Texas, Feb. 03, 2025 (GLOBE NEWSWIRE) -- Travis Stice, Chief Executive Officer and Chairman of the Board of Directors (the “Board”) of Diamondback Energy, Inc. (NASDAQ: FANG) ("Diamondback" or the "Company"), is pleased to announce that effective February 3, 2025, the Company added Darin G. Holderness to the Board of Directors.

Mr. Holderness has over 30 years of experience in various roles of increasing responsibility in the energy sector, including, among others, founder and Chief Financial Officer of P&A Exchange LLC, an oilfield services company, Chief Financial Officer of ProPetro Holding Corp., an oilfield services company, Senior Vice President, Chief Financial Officer and Treasurer of Concho Resources, an oil and gas exploration and production company, and over nine years with KPMG LLP, where his practice focused on the energy sector. Mr. Holderness has served on the board of directors of JMR Services LLC, an oilfield services company focused on the plug and abandonment of oil and gas wells, since May 2024. Mr. Holderness also served on the board of directors of Ranger Oil Corporation from September 2016 to October 2021, including as its chairman from February 2018 to January 2021, and served on the board of directors of Rock Solid Lifestyles, Inc. from September 2016 to April 2024. Mr. Holderness graduated from Boise State University with a Bachelor of Business Administration in Accounting in 1986 and is a Certified Public Accountant.

“Diamondback is excited to announce the addition of Darin to the Board of Directors as the fourth Board member from the Endeavor merger completed late last year.  Darin knows the Permian Basin and knows the Diamondback story well from his time spent in various roles throughout the Permian.  I am confident his skillset, particularly as a member of the audit committee, will complement the Board well,” stated Mr. Stice.

About Diamondback Energy, Inc.

Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, development, exploration and exploitation of unconventional, onshore oil and natural gas reserves primarily in the Permian Basin in West Texas. For more information, please visit www.diamondbackenergy.com.

Investor Contact:
Adam Lawlis
+1 432.221.7467
alawlis@diamondbackenergy.com


FAQ

Who is the new board member appointed to Diamondback Energy (FANG) in February 2025?

Darin G. Holderness was appointed to Diamondback Energy's Board of Directors effective February 3, 2025.

What is Darin Holderness's experience in the energy sector before joining FANG's board?

Holderness has over 30 years of energy sector experience, including roles as CFO of P&A Exchange and ProPetro Holding Corp., Senior VP/CFO at Concho Resources, and nine years with KPMG LLP's energy practice.

How does this appointment relate to Diamondback's Endeavor merger?

Holderness is the fourth Board member appointed from the Endeavor merger that was completed in late 2024.

What previous board experience does the new FANG director bring?

He has served on boards of JMR Services , Ranger Oil (including as chairman from 2018-2021), and Rock Solid Lifestyles, Inc.

Diamondback Energy, Inc.

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