Diamondback Energy, Inc. Announces Appointment to the Board of Directors
Rhea-AI Summary
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.
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.
News Market Reaction – FANG
On the day this news was published, FANG gained 1.11%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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?
What is Darin Holderness's experience in the energy sector before joining FANG's board?
How does this appointment relate to Diamondback's Endeavor merger?
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