Civitas appoints Clay Carrell as President and COO, effective immediately

CIVITAS RESOURCES, INC.

Clayton A. Carrell named President and COO, reporting to CEO Chris Doyle; effective May 7, 2025.
Carrell previously EVP & COO at Southwestern Energy and EP Energy; over 35 years industry experience.
Compensation: $875k base salary, $2.625M LTIP target (30% RSUs, 70% PSUs), $875k equity sign-on, $500k cash sign-on.
Severance: 150% base salary (no CIC) or 250% (within 12 months post-CIC), plus COBRA reimbursement.
CEO Chris Doyle ceases his additional principal operating officer role effective immediately.

item 5.02 item 7.01 item 9.01

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Appointed

Clayton A. Carrell

President and Chief Operating Officer

CIVITAS RESOURCES, INC.

Effective: 2025-05-07
Filed: May 7, 2025, 7:59 PM ET

On May 7, 2025, Civitas Resources, Inc. (the “Company”) appointed Clayton A. Carrell as the new President and Chief Operating Officer of the Company, effective immediately, reporting to the Company’s Chief Executive Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Clayton A. Carrell was appointed as President and Chief Operating Officer at CIVITAS RESOURCES, INC..

Action: appointed
Role: President and Chief Operating Officer

Exact text from the filing

On May 7, 2025, Civitas Resources, Inc. (the “Company”) appointed Clayton A. Carrell as the new President and Chief Operating Officer of the Company, effective immediately, reporting to the Company’s Chief Executive Officer.

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Source: SEC EDGAR

accession 0001104659-25-045550

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