Liberty Energy Inc. commented on the announcement by President-elect Donald J. Trump regarding his nomination of Chris Wright, Liberty?s Chief Executive Officer, for the position of U.S. Secretary of Energy. The appointment of Mr. Wright as Secretary of Energy is subject to confirmation by the U.S. Senate, and Mr. Wright will continue in his current position with the company until confirmation occurs. Effective upon and subject to this confirmation and in accordance with the Company?s succession plan, the Board of Directors intends to appoint Ron Gusek as chief executive officer.

Mr. Gusek joined Liberty in 2014 and has served as president of the company since November 2016.