By Adam L. Cataldo
Civitas Resources ended the employment of its chief operating officer and chief transformation officer without cause.
Chief Operating Officer T. Hodge Walker and Chief Transformation Officer Jerome Kelly were both terminated effective immediately, the company said in a Securities and Exchange Commission filing on Monday.
President and Chief Executive M. Christopher Doyle has taken on the additional role of principal operating officer concurrent with Walker's exit.
Both men are both eligible to receive severance benefits in accordance with Civitas' severance plan, according to the filing.
The company also said its board on Monday voted to increase the number of its members to 10 from nine, and that Lloyd Helms, Jr. was appointed to fill the newly created opening.
Civitas describes itself as an exploration and production company focused on finding crude oil and liquids-rich natural gas from its assets in the Denver-Julesburg Basin in Colorado and the Permian Basin in Texas and New Mexico.
Write to Adam Cataldo at adam.cataldo@wsj.com.
(END) Dow Jones Newswires
February 24, 2025 18:59 ET (23:59 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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