Diamondback Energy announced a leadership transition plan that will see President Kaes Van’t Hof assume the role of Chief Executive Officer, succeeding longtime CEO Travis D. Stice at the company’s 2025 Annual Meeting of Stockholders. Stice, who has led Diamondback since 2012, will remain with the company as Executive Chairman through the 2026 Annual Meeting.
Van’t Hof, who has been with Diamondback for nine years, will also join the Board of Directors upon taking on the CEO role.
“I am incredibly honored and humbled by the vote of confidence from Travis and the Board to assume the CEO role at Diamondback,” Van’t Hof said. “Over the last nine years, I have had a front row seat to watch and learn from one of the best to ever do it in our industry’s history.”
Stice expressed confidence in his successor. “Kaes has earned the opportunity to lead us into a future that is brighter than ever before. The Board of Directors unanimously and wholeheartedly support him as he steps into this pivotal role and continues to build on our legacy of success.”
“The past 14 years have been immensely rewarding, and it has been a true honor to represent the dedicated employees who have transformed Diamondback into the remarkable company it is today,” Stice said. “Transitioning into my new role as Executive Chairman will allow me to remain actively engaged with the Board of Directors and contribute to the continued strategic development of our organization.”
In addition to the CEO transition, Diamondback announced that Jere W. Thompson III, the company’s Executive Vice President of Strategy and Corporate Development, has been promoted to Executive Vice President and Chief Financial Officer, effective immediately.
“I am also very excited to announce Jere’s promotion to CFO,” Van’t Hof said. “He has dedicated himself to learning all facets of our business in various roles over the last few years, has a strategic financial mind, and will continue to execute on Diamondback’s differentiated capital allocation and financial strategy.”
The company also confirmed that David L. Houston, a member of the Board of Directors since Diamondback’s initial public offering, will retire following the 2025 Annual Meeting of Stockholders.
“David has been with Diamondback since the beginning, helping us grow into the company we are today,” Stice said. “His contributions are many, and we wish him all the best in his future endeavors.”