{"id":744042,"date":"2023-03-30T16:10:30","date_gmt":"2023-03-30T20:10:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-announces-retirement-of-board-member\/"},"modified":"2023-03-30T16:10:30","modified_gmt":"2023-03-30T20:10:30","slug":"diamondback-energy-inc-announces-retirement-of-board-member","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-announces-retirement-of-board-member\/","title":{"rendered":"Diamondback Energy, Inc. Announces Retirement of Board Member"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">MIDLAND, Texas, March  30, 2023  (GLOBE NEWSWIRE) &#8212; On March 28, 2023, Michael P. Cross, who has been a member of the Board of Directors (the \u201cBoard\u201d) of Diamondback Energy, Inc. (NASDAQ: FANG) (\u201cDiamondback\u201d or the \u201cCompany\u201d) for over a decade since the Company\u2019s initial public offering and who currently also serves on the Board\u2019s Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee and Safety, Sustainability and Corporate Responsibility Committee, informed the Company of his decision not to stand for re-election at the Company\u2019s 2023 Annual Meeting of Stockholders (the \u201cAnnual Meeting\u201d). Mr. Cross\u2019 term as a director and committee member will expire immediately after the Annual Meeting. Mr. Cross\u2019 decision not to stand for re-election is due to his retirement and not due to any disagreement with the Company on any matter relating to the Company\u2019s operations, policies or practices. The Company is grateful for Mr. Cross\u2019 commitment and service to the Company, the Board and the Board\u2019s committees.<\/p>\n<p>\u201cMike has been a valuable board member since before the Company\u2019s IPO over 10 years ago. He greatly contributed to Diamondback becoming the Company we are today through his business acumen, strategic foresight, and genuine authenticity. I remain deeply grateful for what Mike has done for our Company, believing in us through the very early days and remaining steadfastly supportive thereafter. I consider it a privilege to have worked alongside Mike, and I wish him the very best life has to offer in his journey ahead,\u201d stated Travis Stice, Chairman and Chief Executive Officer of Diamondback.<\/p>\n<p>\n        <u>About Diamondback Energy, Inc.<\/u>\n      <\/p>\n<p>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 <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Hmq4fAdc9J9jBQDjhzwNhvNvfi_U3HPLIPCqsv8PNLaYq2X5wotH1oaISsHyszwnJpvEbaFvYQIBA-k6C-7x6GSh2USZi9LGddCHEHuHk4s=\" rel=\"nofollow noopener\" target=\"_blank\">www.diamondbackenergy.com<\/a>.<\/p>\n<p align=\"left\">Investor Contact:<br \/>Adam Lawlis<br \/>+1 432.221.7467<br \/>alawlis@diamondbackenergy.com<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5ODk3MiM1NTAxMzUwIzIwMDkyMjU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NTVhZGU4OTYtMDc0MS00N2FhLTk4MTAtOTBjMzY2ZjQxNGY5LTEwMjA3OTg=\/tiny\/Diamondback-Energy-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MIDLAND, Texas, March 30, 2023 (GLOBE NEWSWIRE) &#8212; On March 28, 2023, Michael P. Cross, who has been a member of the Board of Directors (the \u201cBoard\u201d) of Diamondback Energy, Inc. (NASDAQ: FANG) (\u201cDiamondback\u201d or the \u201cCompany\u201d) for over a decade since the Company\u2019s initial public offering and who currently also serves on the Board\u2019s Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee and Safety, Sustainability and Corporate Responsibility Committee, informed the Company of his decision not to stand for re-election at the Company\u2019s 2023 Annual Meeting of Stockholders (the \u201cAnnual Meeting\u201d). Mr. Cross\u2019 term as a director and committee member will expire immediately after the Annual Meeting. Mr. Cross\u2019 decision not to stand for re-election is due to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-announces-retirement-of-board-member\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Diamondback Energy, Inc. Announces Retirement of Board Member&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-744042","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Diamondback Energy, Inc. Announces Retirement of Board Member - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/diamondback-energy-inc-announces-retirement-of-board-member\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diamondback Energy, Inc. Announces Retirement of Board Member - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MIDLAND, Texas, March 30, 2023 (GLOBE NEWSWIRE) &#8212; On March 28, 2023, Michael P. Cross, who has been a member of the Board of Directors (the \u201cBoard\u201d) of Diamondback Energy, Inc. (NASDAQ: FANG) (\u201cDiamondback\u201d or the \u201cCompany\u201d) for over a decade since the Company\u2019s initial public offering and who currently also serves on the Board\u2019s Audit Committee, Compensation Committee, Nominating and Corporate Governance Committee and Safety, Sustainability and Corporate Responsibility Committee, informed the Company of his decision not to stand for re-election at the Company\u2019s 2023 Annual Meeting of Stockholders (the \u201cAnnual Meeting\u201d). Mr. Cross\u2019 term as a director and committee member will expire immediately after the Annual Meeting. Mr. Cross\u2019 decision not to stand for re-election is due to &hellip; Continue reading &quot;Diamondback Energy, Inc. 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