BSM CEO to become Executive Chairman; co-CEOs appointed in succession plan

Black Stone Minerals, L.P.

Thomas L. Carter, Jr. transitions to Executive Chairman on Jan 1, 2026; current Chair, CEO, Pres.
Fowler Carter and Taylor DeWalch appointed co-CEOs and to Board effective Jan 1, 2026.
Chris Bonner promoted to SVP, CFO, Treasurer; Erin Phillips becomes Controller and principal accounting officer.
William Mathis resigned from Board on Oct 30, 2025; no disagreement.
Fowler Carter is son of Thomas Carter; Taylor DeWalch is son of director Mark DeWalch (related parties).

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