Business
TXO Partners Announces Leadership Changes: Gary D. Simpson and Brent W. Clum Promoted to Co-Chief Executive Officers and Bob R. Simpson to Remain Chairman of the Board of Directors
FORT WORTH, Texas, March 19, 2025--TXO Partners, L.P. (NYSE: TXO) (the "Company") announced today that Bob R. Simpson will retire from the office of Chief Executive Officer of the Company’s general partner (the "General Partner"), effective April 1, 2025. He will maintain his position as Chairman of the Board of Directors, ensuring continuity and strategic oversight. In conjunction with Mr. B. Simpson’s retirement, Gary D. Simpson and Brent W. Clum will both be promoted to serve as Co-Chief Exec
About this update from Txo Partners, L.p.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/2f9561c9ba659c6553d7f865da61bde7"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FofFMEbuKzbOZ6rzdKjehg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTk2MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/2f9561c9ba659c6553d7f865da61bde7","width":480,"height":480}},"lazy":false},{"type":"text","content":"FORT WORTH, Texas, March 19, 2025--(BUSINESS WIRE)--TXO Partners, L.P. (NYSE: TXO) (the "Company") announced today that Bob R. Simpson will retire from the office of Chief Executive Officer of the Company’s general partner (the "General Partner"), effective April 1, 2025. He will maintain his position as Chairman of the Board of Directors, ensuring continuity and strategic oversight. In conjunction with Mr. B. Simpson’s retirement, Gary D. Simpson and Brent W. Clum will both be promoted to serve as Co-Chief Executive Officers. Additionally, effective April 1, 2025, Gary D. Simpson will join the Board of Directors of the General Partner. Mr. G. Simpson, who currently serves as President of Production and Development, will maintain his existing responsibilities. Mr. Clum, who currently serves as President of Business Operations, Chief Financial Officer, and Director of the General Partner, will also continue in these roles alongside his new appointment. The transition will take effect on April 1, 2025.","length":1035,"tagName":"p"},{"type":"text","content":""I am proud of our success at TXO Partners, and my intent is to continue providing leadership from this key position on the Board. Importantly, our management team and ownership are supportive of this timely transition," stated Bob R. Simpson. "With his promotion, Gary brings decades of experience and a comprehensive skill set to the CEO office. Furthermore, Brent’s wisdom, dedication and in-depth perspective fortify the executive position. Based on our years of work together, we believe these two men possess a seasoned knowledge of how to create value for our holders. Their energy, tenacity and vision will inspire our journey ahead for TXO."","length":670,"tagName":"p"},{"type":"text","content":""No doubt, Bob is a legend within the ene...