Civitas Resources terminates CEO Chris Doyle; Board Chair van Kempen named Interim CEO

CIVITAS RESOURCES, INC.

CEO Chris Doyle terminated without cause effective Aug 6, 2025; eligible for Tier 1 severance benefits.
Board Chair Wouter van Kempen appointed Interim CEO; base salary $1.5M/yr plus $3.5M RSU grant.
Howard A. Willard III appointed independent Chair of the Board during the transition period.
Board executing succession plan for permanent CEO; van Kempen expected to resume Chair role afterward.

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