Diamondback Energy Inc., Midland, Tex., has named Kaes Van’t Hof, the company’s current president, to succeed Travis Stice as chief executive officer. Van’t Hof also will join the board of directors.

Diamondback Energy named Finance Chief Kaes Van't Hof as its new chief executive to replace longtime CEO Travis Stice. The oil and natural gas company on Thursday said that Jere Thompson, current executive vice president of strategy and corporate development, replaced Van't Hof as finance chief.

Diamondback Energy (FANG) announced its leadership transition plan, representing the culmination of a thorough succession planning process that

Diamondback Energy said on Thursday CEO Travis Stice intends to step down from his role after 13 years at the helm during the company's 2025 annual stockholders meeting and will be succeeded by finance head Kaes Van't Hof.

This change in leadership comes just days after Double Eagle announced plans to sell its subsidiaries to Diamondback Energy in a deal work $4.1 billion.

Diamondback Energy Thursday announced that founder Travis Stice will step down as chief executive effective as of the company’s 2025 annual meeting of stockholders but will remain as executive chairman through Diamondback’s 2026 annual meeting.