Viper Energy, Inc. Announces Leadership Transition Plan and Additional Updates to Executive Team

Leadership Transition - Viper Energy, Inc. announced a leadership transition plan, with Travis D. Stice stepping down as CEO and Kaes Van't Hof, the current President, taking over the role immediately [1][6] - Austen Gilfillian has been promoted from Vice President to President, effective immediately [1][6] Acknowledgment of Leadership - The Board of Directors expressed gratitude to Travis D. Stice for his ten years of leadership, highlighting the significance of the Viper IPO in 2014 as a pivotal moment for the minerals market [2][3] - Steven E. West, Chairman of the Board, noted the Board's confidence in the new leadership team and their ability to drive future success [3] Future Outlook - Kaes Van't Hof emphasized the company's strong position in the public mineral and royalties space and the importance of maintaining competitive advantages, particularly the relationship with Diamondback [3][4] - The management team is being strengthened to prepare for future growth through consolidation in the fragmented minerals market [4]