TXO Partners Announces Leadership Changes: Gary D. Simpson and Brent W. Clum Promoted to Co-Chief Executive Officers and Bob R. Simpson to Remain Chairman of the Board of Directors
TXO Partners (NYSE: TXO) announced significant leadership changes effective April 1, 2025. Bob R. Simpson will retire as Chief Executive Officer while maintaining his position as Chairman of the Board of Directors. The company will transition to a co-CEO structure with the promotion of two internal executives.
Gary D. Simpson, current President of Production and Development, and Brent W. Clum, current President of Business Operations and CFO, will be elevated to Co-Chief Executive Officers. Gary Simpson will also join the Board of Directors, while Clum will continue his existing roles as President of Business Operations, CFO, and Director.
The transition represents a strategic move to ensure continuity in leadership, with both incoming Co-CEOs bringing extensive experience and maintaining their current responsibilities alongside their new roles.
TXO Partners (NYSE: TXO) ha annunciato importanti cambiamenti nella leadership a partire dal 1 aprile 2025. Bob R. Simpson si ritirerà dal ruolo di Amministratore Delegato, mantenendo la sua posizione di Presidente del Consiglio di Amministrazione. L'azienda passerà a una struttura di co-CEO con la promozione di due dirigenti interni.
Gary D. Simpson, attuale Presidente della Produzione e Sviluppo, e Brent W. Clum, attuale Presidente delle Operazioni Aziendali e CFO, saranno elevati a Co-Amministratori Delegati. Gary Simpson entrerà anche nel Consiglio di Amministrazione, mentre Clum continuerà a ricoprire i suoi ruoli esistenti come Presidente delle Operazioni Aziendali, CFO e Direttore.
Questa transizione rappresenta una mossa strategica per garantire continuità nella leadership, con entrambi i Co-CEO in arrivo che portano una vasta esperienza e mantengono le loro attuali responsabilità insieme ai nuovi ruoli.
TXO Partners (NYSE: TXO) anunció cambios significativos en el liderazgo que entrarán en vigor el 1 de abril de 2025. Bob R. Simpson se retirará como Director Ejecutivo, manteniendo su cargo como Presidente de la Junta Directiva. La compañía pasará a una estructura de co-CEO con la promoción de dos ejecutivos internos.
Gary D. Simpson, actual Presidente de Producción y Desarrollo, y Brent W. Clum, actual Presidente de Operaciones Empresariales y CFO, serán elevados a Co-Directores Ejecutivos. Gary Simpson también se unirá a la Junta Directiva, mientras que Clum continuará en sus roles existentes como Presidente de Operaciones Empresariales, CFO y Director.
La transición representa un movimiento estratégico para asegurar la continuidad en el liderazgo, con ambos Co-CEOs entrantes aportando una amplia experiencia y manteniendo sus responsabilidades actuales junto con sus nuevos roles.
TXO Partners (NYSE: TXO)는 2025년 4월 1일부터 시행되는 중요한 리더십 변화를 발표했습니다. Bob R. Simpson은 CEO로서 은퇴하지만 이사회 의장직은 유지합니다. 회사는 두 명의 내부 임원을 승진시키며 공동 CEO 구조로 전환합니다.
Gary D. Simpson, 현재 생산 및 개발 사장, 그리고 Brent W. Clum, 현재 비즈니스 운영 사장 겸 CFO가 공동 CEO로 승진합니다. Gary Simpson은 이사회에도 합류하며, Clum은 비즈니스 운영 사장, CFO 및 이사로서 기존 역할을 계속 수행합니다.
이번 전환은 리더십의 연속성을 보장하기 위한 전략적 움직임으로, 새로 임명된 공동 CEO가 광범위한 경험을 가지고 있으며 새로운 역할과 함께 현재의 책임을 유지합니다.
TXO Partners (NYSE: TXO) a annoncé d'importants changements de direction qui entreront en vigueur le 1er avril 2025. Bob R. Simpson prendra sa retraite en tant que Directeur Général tout en conservant son poste de Président du Conseil d'Administration. L'entreprise adoptera une structure de co-CEO avec la promotion de deux dirigeants internes.
Gary D. Simpson, actuel Président de la Production et du Développement, et Brent W. Clum, actuel Président des Opérations Commerciales et CFO, seront promus Co-Directeurs Généraux. Gary Simpson rejoindra également le Conseil d'Administration, tandis que Clum continuera à exercer ses fonctions actuelles en tant que Président des Opérations Commerciales, CFO et Directeur.
Cette transition représente un mouvement stratégique pour assurer la continuité dans la direction, les deux Co-CEOs entrants apportant une vaste expérience et maintenant leurs responsabilités actuelles en parallèle avec leurs nouveaux rôles.
TXO Partners (NYSE: TXO) hat bedeutende Veränderungen in der Führung angekündigt, die am 1. April 2025 in Kraft treten. Bob R. Simpson wird als Chief Executive Officer zurücktreten, bleibt jedoch Vorsitzender des Board of Directors. Das Unternehmen wird zu einer Co-CEO-Struktur übergehen, mit der Beförderung von zwei internen Führungskräften.
Gary D. Simpson, derzeit Präsident für Produktion und Entwicklung, und Brent W. Clum, derzeit Präsident für Geschäftsoperationen und CFO, werden zu Co-Chief Executive Officers ernannt. Gary Simpson wird auch dem Board of Directors beitreten, während Clum seine bestehenden Rollen als Präsident der Geschäftsoperationen, CFO und Direktor fortsetzen wird.
Der Übergang stellt einen strategischen Schritt dar, um die Kontinuität in der Führung sicherzustellen, wobei beide neuen Co-CEOs umfassende Erfahrungen mitbringen und ihre aktuellen Verantwortlichkeiten neben ihren neuen Rollen beibehalten.
- Smooth leadership transition with internal promotions ensuring operational continuity
- Experienced executives promoted with deep company knowledge
- Former CEO remains as Chairman, providing strategic oversight
- Dual leadership structure combining operational and financial expertise
- Potential challenges in co-CEO structure implementation
- Risk of strategic direction changes under new leadership
“I am proud of our success at TXO Partners, and my intent is to continue providing leadership from this key position on the Board. Importantly, our management team and ownership are supportive of this timely transition,” stated Bob R. Simpson. “With his promotion,
“No doubt, Bob is a legend within the energy industry. Over a remarkable career of fifty years, his entrepreneurial spirit, financial stewardship and dogged endurance have forged his all-around success. We have been blessed to learn from him along the way. I am honored to partner with Brent to take the reins of CEO going forward,” said Gary D. Simpson. “We will maintain true to our mission as a production and distribution company. For our investors, the talented team at TXO is ready, willing and able to carry the legacy of success onwards.”
“Bob is not only a visionary, he is a great leader, a generous mentor and a trusted friend,” continued Brent W. Clum. “I am proud of what we have built through our partnership and stewardship and am determined to extend this legacy, with
About TXO Partners, L.P.
TXO Partners, L.P. is a master limited partnership focused on the acquisition, development, optimization and exploitation of conventional oil, natural gas, and natural gas liquid reserves in
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TXO Partners, L.P.
Brent W. Clum
817.334.7800
ir@txopartners.com
Source: TXO Partners, L.P.
FAQ
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