---
title: "Diversified Energy Announces Departure of Randall Wade from Board of Directors | DEC Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273559185.md"
description: "Diversified Energy Company announced the resignation of Randall Wade from its Board of Directors following a reduction in EIG Management Company's ownership below 10%. Wade, a co-founder of EIG, contributed significantly to the company's strategic growth and acquisition strategy. His departure was amicable and not due to any disagreements. CEO Rusty Hutson, Jr. expressed gratitude for Wade's leadership during a crucial period for the company, which remains focused on sustainable returns and shareholder value through disciplined acquisitions and operational excellence."
datetime: "2026-01-23T13:30:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273559185.md)
  - [en](https://longbridge.com/en/news/273559185.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273559185.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273559185.md) | [繁體中文](https://longbridge.com/zh-HK/news/273559185.md)


# Diversified Energy Announces Departure of Randall Wade from Board of Directors | DEC Stock News

Diversified Energy Company (“Diversified Energy” or the “Company”) (NYSE: DEC, LSE: DEC) today announced that pursuant to the terms of the Relationship Agreement executed with EIG Management Company, LLC (“EIG”) upon Diversified Energy’s acquisition of Maverick Natural Resources from investment funds managed by EIG and other owners in 2025, Randall Wade, Co-Founder of EIG, has today resigned from the Company’s Board of Directors following a reduction in EIG’s ownership of Diversified Energy below 10% of the Company’s outstanding shares. Mr. Wade has served as a valued member of the Board, contributing his deep expertise in energy investments and strategic growth. Mr. Wade's resignation was not the result of any disagreement with the Company.

“We are grateful for Randy’s leadership and guidance during a pivotal period for Diversified Energy,” said Rusty Hutson, Jr., Chief Executive Officer of Diversified Energy. “His insights have been instrumental in shaping our acquisition strategy, integrating our transformative Maverick acquisition, and strengthening our position as a leading U.S. energy provider.”

The Company remains focused on delivering sustainable returns and creating shareholder value through its platform by acquiring, operating, and optimizing cash-generating energy assets, operational excellence, disciplined acquisitions, and innovative technology deployment.

For further information, please contact

**Diversified Energy Company**

+1 973 856 2757

Doug Kris

dkris@dgoc.com

Senior Vice President, Investor Relations & Corporate Communications

**FTI Consulting**

dec@fticonsulting.com

U.S. & UK Financial Public Relations

**About Diversified Energy Company**

Diversified is a leading publicly traded energy company focused on acquiring, operating, and optimizing cash-generating energy assets. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the **_Right Company at the Right Time_** to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

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