Granite Ridge Resource (GRNT) Announces CEO Change

Granite Ridge Resources, Inc. (NYSE: GRNT) today announced that Luke Brandenberg has stepped down from his role as President and Chief Executive Officer, effective June 11, 2025. The Company’s Board has promoted Tyler Farquharson, the Company’s Chief Financial Officer, to President and Chief Executive Officer, and Kim Weimer, the Company’s Chief Accounting Officer, to Interim Chief Financial Officer and Chief Accounting Officer, each effective June 12, 2025. The Board is actively seeking a permanent Chief Financial Officer and has retained a nationally recognized executive search firm to assist in the process.

Granite Ridge reaffirms its operational and financial guidance for 2025. This leadership transition is unrelated to the Company’s performance or operations.

“On behalf of the Board and the entire Granite Ridge team, I extend our deepest gratitude to Luke for his leadership in guiding the Company through its transition to a publicly traded entity,” said Matt Miller, Co-Chairman of the Board. “Granite Ridge is well-positioned for continued success, and we are confident that Tyler’s extensive industry experience and strategic vision will drive long-term value for our shareholders as we continue executing on our publicly traded private equity strategy both through operated partnerships and our non-operated asset investments.”

Mr. Farquharson brings nearly 20 years of energy industry experience to the role, including nearly half of which were spent in senior leadership roles. Since joining Granite Ridge in 2022 as Chief Financial Officer, he has been instrumental in shaping the Company’s financial strategy and establishing its presence in the public market. Prior to Granite Ridge, Mr. Farquharson served as Chief Financial Officer at EXCO Resources, Inc.

“I am honored to step into the role of CEO at Granite Ridge,” said Mr. Farquharson. “Our team is committed to advancing our strategic priorities, delivering superior returns for our shareholders, and maintaining our disciplined approach to capital allocation. I look forward to working closely with the Board and our talented leadership team to build on our strong foundation and drive sustainable growth.”

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