Diversified Energy Announces Departure of Randall Wade from Board of Directors

Summary by AI BETAClose X

Diversified Energy Company announced the resignation of Randall Wade from its Board of Directors, effective immediately, due to EIG Management Company, LLC's ownership falling below 10% of the company's outstanding shares. Mr. Wade, Co-Founder of EIG, served on the board following Diversified Energy's acquisition of Maverick Natural Resources and his departure is not due to any disagreement with the company. The company remains focused on delivering shareholder value through its strategy of acquiring, operating, and optimizing energy assets.

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