Christopher G. Stavros has served as our President and Chief Executive Officer and as a director since September 2022 and became Chairman of the Board in July 2025. Before his appointment to the position of President and Chief Executive Officer, Mr. Stavros was Magnolia s Executive Vice President and Chief Financial Officer from the Company s inception in July 2018 until September 2022. Prior to joining Magnolia, Mr. Stavros served as Senior Vice President and Chief Financial Officer of Occidental Petroleum Corporation, whose principal businesses consist of oil and gas, chemical, and midstream and marketing segments ( Occidental ). Mr. Stavros joined Occidental in 2005 and was named Chief Financial Officer in 2014, having previously served as Vice President, Investor Relations and Treasurer. Mr. Stavros retired from Occidental in May 2017. Prior to joining Occidental, Mr. Stavros was a Senior Analyst at UBS with coverage of the oil and gas sector. Mr. Stavros received his Bachelor of Science in Business Administration from Boston University and received his Master of Business Administration from the University of Rochester. Mr. Stavros is well-qualified to serve as a director due to his more than 35 years of experience in the Energy and Financial industries. As a senior executive officer of the Company since our inception, Mr. Stavros is committed to the principles of the business model established when Magnolia was founded, and his in-depth understanding of Magnolia s day-to-day operations provides an important perspective on the Board.