Viper Energy, Inc. Announces Leadership Transition Plan and Additional Updates to Executive Team
Viper Energy (NASDAQ: VNOM) announced a significant leadership transition, with Travis D. Stice stepping down as Chief Executive Officer, effective immediately. Kaes Van't Hof, the current President, will succeed as CEO, while Austen Gilfillian will be promoted from Vice President to President.
The transition represents the culmination of a thorough succession planning process. Stice, who led Viper since its 2014 IPO, will continue to contribute through his position on the Board. The company also announced additional promotions, with Trevor Stoltz becoming Vice President of Business Development and John Phillips assuming the role of Vice President of Land.
The Board expressed confidence that the new leadership team will continue to drive Viper's growth and maintain its position as a leader in the public mineral and royalties space, particularly focusing on future growth through consolidation in the fragmented minerals market.
Viper Energy (NASDAQ: VNOM) ha annunciato una significativa transizione nella leadership, con Travis D. Stice che si dimette dal ruolo di Amministratore Delegato, con effetto immediato. Kaes Van't Hof, l'attuale Presidente, lo succederà come CEO, mentre Austen Gilfillian sarà promosso da Vice Presidente a Presidente.
Questa transizione rappresenta il culmine di un accurato processo di pianificazione della successione. Stice, che ha guidato Viper dalla sua IPO nel 2014, continuerà a contribuire attraverso la sua posizione nel Consiglio. L'azienda ha anche annunciato ulteriori promozioni, con Trevor Stoltz che diventa Vice Presidente dello Sviluppo Commerciale e John Phillips che assume il ruolo di Vice Presidente delle Risorse Territoriali.
Il Consiglio ha espresso fiducia nel fatto che il nuovo team di leadership continuerà a guidare la crescita di Viper e a mantenere la sua posizione di leader nel settore pubblico dei minerali e delle royalties, concentrandosi in particolare sulla crescita futura attraverso la consolidazione nel mercato frammentato dei minerali.
Viper Energy (NASDAQ: VNOM) anunció una importante transición en el liderazgo, con Travis D. Stice renunciando a su cargo de Director Ejecutivo, con efecto inmediato. Kaes Van't Hof, el actual Presidente, asumirá como CEO, mientras que Austen Gilfillian será promovido de Vicepresidente a Presidente.
La transición representa la culminación de un exhaustivo proceso de planificación de la sucesión. Stice, quien ha liderado Viper desde su OPI en 2014, continuará contribuyendo a través de su puesto en la Junta. La compañía también anunció promociones adicionales, con Trevor Stoltz convirtiéndose en Vicepresidente de Desarrollo Comercial y John Phillips asumiendo el papel de Vicepresidente de Tierras.
La Junta expresó confianza en que el nuevo equipo de liderazgo continuará impulsando el crecimiento de Viper y manteniendo su posición como líder en el espacio público de minerales y regalías, enfocándose especialmente en el crecimiento futuro a través de la consolidación en el fragmentado mercado de minerales.
Viper Energy (NASDAQ: VNOM)는 Travis D. Stice가 즉시 효력이 발생하는 CEO 직위에서 물러나는 중요한 리더십 전환을 발표했습니다. Kaes Van't Hof, 현재 회장이 CEO로 취임하며, Austen Gilfillian은 부사장에서 회장으로 승진합니다.
이번 전환은 철저한 후계 계획 프로세스의 정점을 나타냅니다. 2014년 IPO 이후 Viper를 이끌어온 Stice는 이사회에서 계속 기여할 것입니다. 회사는 또한 Trevor Stoltz를 비즈니스 개발 부사장으로, John Phillips를 토지 부사장으로 승진시키는 추가 승진을 발표했습니다.
이사회는 새로운 리더십 팀이 Viper의 성장을 계속 이끌고 공공 광물 및 로열티 분야의 리더로서의 위치를 유지할 것이라는 확신을 표명했습니다. 특히 단편화된 광물 시장에서의 통합을 통한 미래 성장에 집중할 것입니다.
Viper Energy (NASDAQ: VNOM) a annoncé une transition significative au sein de sa direction, avec Travis D. Stice qui démissionne de son poste de Directeur Général, avec effet immédiat. Kaes Van't Hof, l'actuel Président, le remplacera en tant que CEO, tandis que Austen Gilfillian sera promu de Vice-Président à Président.
Cette transition représente l'aboutissement d'un processus de planification de succession approfondi. Stice, qui a dirigé Viper depuis son introduction en bourse en 2014, continuera à contribuer à travers son poste au Conseil. La société a également annoncé d'autres promotions, avec Trevor Stoltz devenant Vice-Président du Développement Commercial et John Phillips assumant le rôle de Vice-Président des Terrains.
Le Conseil a exprimé sa confiance que la nouvelle équipe de direction continuera à stimuler la croissance de Viper et à maintenir sa position de leader dans le domaine public des minéraux et des redevances, en se concentrant particulièrement sur la croissance future par la consolidation sur le marché fragmenté des minéraux.
Viper Energy (NASDAQ: VNOM) gab eine bedeutende Führungsänderung bekannt, da Travis D. Stice mit sofortiger Wirkung als Geschäftsführer zurücktritt. Kaes Van't Hof, der derzeitige Präsident, wird die Rolle des CEO übernehmen, während Austen Gilfillian vom Vizepräsidenten zum Präsidenten befördert wird.
Der Übergang stellt den Höhepunkt eines gründlichen Nachfolgeplanungsprozesses dar. Stice, der Viper seit dem Börsengang im Jahr 2014 leitet, wird weiterhin durch seine Position im Vorstand beitragen. Das Unternehmen gab auch weitere Beförderungen bekannt, wobei Trevor Stoltz zum Vizepräsidenten für Geschäftsentwicklung und John Phillips zum Vizepräsidenten für Land ernannt werden.
Der Vorstand äußerte Vertrauen, dass das neue Führungsteam das Wachstum von Viper weiterhin vorantreiben und die Position als Marktführer im öffentlichen Bereich für Mineralien und Royalties aufrechterhalten wird, insbesondere mit einem Fokus auf zukünftiges Wachstum durch Konsolidierung im fragmentierten Mineralmarkt.
- Structured succession plan ensuring leadership continuity
- Former CEO remains on Board maintaining strategic relationships
- New CEO has proven track record as company President
- Strengthened executive team with multiple promotions
- None.
- Travis D. Stice to transition from role as Chief Executive Officer
- Kaes Van’t Hof, current President, will assume Chief Executive Officer role
- Austen Gilfillian, current Vice President, has been promoted to President
- Trevor Stoltz has been promoted to Vice President, Business Development
- John Phillips has been promoted to Vice President, Land
MIDLAND, Texas, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Viper Energy, Inc. (NASDAQ: VNOM) (“Viper” or the “Company”) today announced its leadership transition plan, representing the culmination of a thorough succession planning process and ensuring a seamless leadership transition that will position the Company for continued long term outperformance. Travis D. Stice will transition from his role as Chief Executive Officer, effective immediately. Kaes Van’t Hof, current President of the Company, will succeed Mr. Stice as Chief Executive Officer. Austen Gilfillian, current Vice President of Viper, will assume the role of President, also effective immediately.
“On behalf of the Board of Directors, I would like to thank and congratulate Travis for his leadership over the last ten years at Viper. The Viper IPO in 2014 was a watershed moment for the minerals market and is a testament to Travis’ vision,” stated Steven E. West, Chairman of the Board of Directors of Viper.
Mr. West continued “The Board looks forward to Travis’ continued contribution to the success of the Company through his position on the Board and his countless strong relationships in the mineral space in the Permian Basin. In addition, the Board remains extremely excited about Viper’s future as Kaes and Austen have worked to build out a strong, dedicated executive team.”
“It has been an honor to represent Viper as CEO over the last ten plus years,” said Mr. Stice. “Viper is a truly unique business model that established credibility with the market in a differentiated way from the start. The momentum at Viper today is very strong, its future is bright, and I look forward to supporting the Company through my position on the Board.”
Regarding Mr. Van’t Hof’s appointment, Mr. Stice noted, “Kaes has been a critical contributor to Viper’s success as President of the Company. The Viper Board of Directors is fully confident that Kaes, together with the support of Austen and the growing Viper management team, will continue to drive future success at Viper as he assumes the CEO role.”
“It is an honor to move into this position at Viper. Since its IPO in 2014, Viper has been a leader and category killer in its space, a testament to the vision and successful execution of what was then a new and exciting business model. Travis’ leadership helped drive Viper’s growth to where the Company is today. I look forward to continuing to solidify our position as the leader in the public mineral and royalties space while maintaining the visible competitive advantage of the relationship with Diamondback,” stated Mr. Van’t Hof.
Mr. Van’t Hof continued “I am also extremely excited to announce Austen’s promotion to President. Austen has proven leadership skills and has developed and implemented a business strategy that has led to significant growth and outperformance at Viper, a trend we expect to continue. The Viper management team continues to be built out as we prepare for future growth through consolidation of the highly fragmented minerals market.”
About Viper Energy, Inc.
Viper is a publicly traded Delaware corporation that owns and acquires mineral and royalty interests in oil and natural gas properties primarily in the Permian Basin.
Cautionary Note Regarding Forward-Looking Statements
This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which involve risks, uncertainties, and assumptions. All statements, other than statements of historical fact, including statements regarding Viper’s future leadership, performance, prospects, success and strategy are forward-looking statements. When used in this news release or otherwise by Viper, the words “aim,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “model,” “outlook,” “plan,” “positioned,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” and similar expressions (including the negative of such terms) as they relate to Viper are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Although Viper believes that the expectations and assumptions reflected in its forward-looking statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases, beyond Viper’s control. Accordingly, forward-looking statements are not guarantees of future performance and Viper’s actual outcomes could differ materially from what Viper has expressed in its forward-looking statements. Information concerning these risks and uncertainties and other factors can be found in Viper’s filings with the U.S. Securities and Exchange Commission (“SEC”), including its reports on Forms 10-K, 10-Q and 8-K, each of which can be obtained free of charge on the SEC’s web site at http://www.sec.gov. Viper undertakes no obligation to update or revise any forward-looking statement unless required by applicable law.
Investor Contact:
Chip Seale
+1 432.247.6218
cseale@viperenergy.com
FAQ
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