Permian Resources Corporation announced that its Board of Directors expects to appoint Steve Gray as non-executive Chairman of the Board, succeeding Sean Smith, who has notified the Board of his plans to retire from the Board, effective December 31, 2022. Mr. Gray has more than forty years of operational and financial experience within the energy industry. Previously, Mr. Gray was Founder, Director and Chief Executive Officer of RSP Permian until its merger with Concho Resources.

Additionally, Mr. Gray was on the Board of Concho Resources before its sale to ConocoPhillips and currently serves on the Board of Range Resources Corporation. George Glyphis, Executive Vice President, also announced his plans to retire following a nearly 30-year career in the oil and gas industry. Permian Resources announced that Guy Oliphint will join the Company as Executive Vice President of Finance, effective January 3, 2023.

Mr. Oliphint will succeed Mr. Glyphis and assume the role of Executive Vice President effective March 1, 2023.