Liberty Energy Inc. (NYSE:LBRT) shares are trading higher premarket on Monday. The company disclosed that the Board of Directors intends to appoint William Kimble as non-executive Chairman and Ron Gusek as Chief Executive Officer.

Trump picked industry executive Chris Wright as his nominee to be Energy secretary and to join a new Council of National Energy.

President-elect Donald Trump picked Liberty Energy CEO Chris Wright to be the secretary of the Department of Energy on Saturday as a slew of high-level Cabinet picks have come in over the past week.