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DALLAS - Dorchester Minerals, L.P. (NASDAQ:DMLP) announced Tuesday the death of C.W. Bill Russell, who served as a member of the company's Board of Managers and Advisory Committee since 2004 and as Chairman of the Audit Committee.
Russell had a distinguished career in energy taxation, having worked at KPMG as National Director of Technical Tax Services for Energy and Chairman of the KMPG International Petroleum Group.
The company credited Russell's expertise, guidance and relationships with fellow board members as instrumental in shaping Dorchester Minerals over his nearly two-decade tenure with the organization.
Following Russell's passing, the Board of Managers has appointed Allen D. Lassiter, described as a long-time Independent Manager, to serve as the new Chairman of the Audit Committee. The company plans to appoint a new Independent Manager before the end of 2025.
Dorchester Minerals is a Dallas-based owner of producing and non-producing oil and natural gas mineral, royalty, overriding royalty, and net profits interests across 28 states. The company's common units trade on the NASDAQ Global Select Market.
The information in this article is based on a press release statement from the company.
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