Summary
This 8-K filing from Diamondback Energy, Inc. reports the immediate resignation of Michael L. Hollis from his roles as President, Chief Operating Officer, and a director, effective September 30, 2019. The company states that Mr. Hollis's departure is for personal reasons and not due to any disagreements regarding Diamondback's business operations, policies, or practices. This change in executive leadership could be a point of attention for investors monitoring the company's management structure and strategic direction.
Key Highlights
- 1Michael L. Hollis has resigned as President, Chief Operating Officer, and a director of Diamondback Energy, Inc.
- 2The resignation is effective immediately as of September 30, 2019.
- 3The company attributes Mr. Hollis's departure to personal reasons.
- 4Diamondback Energy explicitly states the resignation is not a result of any disagreement concerning the company's operations, policies, or practices.
- 5Daniel N. Wesson will continue to manage Diamondback's operations in his capacity as Senior Vice President of Operations.