HighPeak Energy gets new interim CEO

[ceo signing a contract]
tzahiV/iStock via Getty Images

* High Peak Energy (NASDAQ:HPK [https://seekingalpha.com/symbol/HPK]) said [https://seekingalpha.com/pr/20232987-highpeak-energy-inc-announces-ceo-transition] that Michael L. Hollis, current President and a member of the Board, has been appointed interim CEO, effective immediately.
* Mr. Hollis has served as President of the company and a member of the Board since 2020 and has over 25 years of oil and gas experience.
* Prior to joining HighPeak, Mr. Hollis served as President and COO of Diamondback Energy.
* Current CEO, Director and Chairman, Mr. Jack Hightower will retire from his positions.
* Mr. Hightower will also retire from managing HighPeak Energy Partners, HighPeak Energy Partners II, and HighPeak Pure Acquisition, which collectively own approximately 64.4% of the common stock of the company.
* The stock price traded 1.98% higher to $7.20 on Monday during after-hours trading.

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