SM ENERGY ANNOUNCES PLANNED RETIREMENT OF CHIEF EXECUTIVE OFFICER HERBERT S. VOGEL AND APPOINTMENT OF ELIZABETH A. MCDONALD AS PRESIDENT
SM Energy (NYSE: SM) announced significant leadership changes with current Chief Executive Officer Herbert S. Vogel planning to retire on March 1, 2026. Vogel has already stepped down as President effective September 4, 2025, but will remain on the Board until the May 2026 annual meeting and serve as an executive advisor.
Elizabeth A. McDonald has been appointed as President and Chief Operating Officer, with plans for her promotion to President and CEO upon Vogel's retirement. The transition follows Vogel's successful tenure marked by portfolio expansion and bottom-line growth through technology, innovation, and collaboration, while prioritizing safety, integrity, and stewardship.
[ "Planned smooth leadership transition with internal succession", "Current CEO remains involved through 2026 annual meeting and as advisor", "Company reports strong position with step-change in reserves, production, and cash flow", "Strong balance sheet highlighted in leadership transition" ]SM Energy (NYSE: SM) ha annunciato importanti cambiamenti nella leadership: l'attuale amministratore delegato Herbert S. Vogel si ritirerà il 1° marzo 2026. Vogel si è già dimesso dalla carica di presidente con effetto dal 4 settembre 2025, ma rimarrà nel Consiglio fino all'assemblea annuale di maggio 2026 e continuerà a offrire supporto come consulente esecutivo.
Elizabeth A. McDonald è stata nominata presidente e chief operating officer, con la prospettiva di essere promossa a presidente e amministratore delegato al momento del ritiro di Vogel. La transizione segue un periodo di successo sotto la guida di Vogel, caratterizzato dall'espansione del portafoglio e dalla crescita dei risultati grazie a tecnologia, innovazione e collaborazione, mantenendo al contempo priorità su sicurezza, integrità e responsabilità.
- Transizione di leadership pianificata e graduale con successione interna
- L'attuale CEO resterà coinvolto fino all'assemblea 2026 e come consigliere
- L'azienda segnala una posizione solida con un deciso incremento di riserve, produzione e flussi di cassa
- Bilancio robusto evidenziato durante la transizione
SM Energy (NYSE: SM) anunció cambios significativos en su liderazgo: el actual director ejecutivo, Herbert S. Vogel, tiene previsto retirarse el 1 de marzo de 2026. Vogel ya renunció al cargo de presidente con efecto desde el 4 de septiembre de 2025, pero permanecerá en la Junta hasta la reunión anual de mayo de 2026 y actuará como asesor ejecutivo.
Elizabeth A. McDonald ha sido nombrada presidenta y directora de operaciones, con la intención de ascender a presidenta y CEO cuando Vogel se retire. La transición sigue a un mandato exitoso de Vogel, marcado por la expansión de la cartera y el crecimiento del resultado neto mediante tecnología, innovación y colaboración, con énfasis en seguridad, integridad y responsabilidad.
- Transición de liderazgo planificada y ordenada con sucesión interna
- El CEO actual permanece involucrado hasta la reunión anual 2026 y como asesor
- La compañía informa una posición fuerte con un notable aumento de reservas, producción y flujo de caja
- Balance sólido destacado durante la transición
SM Energy (NYSE: SM)는 중대한 경영진 변동을 발표했습니다. 현 최고경영자 Herbert S. Vogel는 2026년 3월 1일에 은퇴할 예정입니다. Vogel은 이미 2025년 9월 4일부로 사장직에서는 물러났지만, 2026년 5월 연례총회까지 이사회에 남아 경영 자문 역할을 수행할 예정입니다.
Elizabeth A. McDonald가 사장 겸 최고운영책임자(Chief Operating Officer)로 임명되었으며, Vogel 은퇴 시 사장 겸 CEO로 승진할 계획입니다. 이번 인수인계는 Vogel의 재임 기간 중 포트폴리오 확장과 기술·혁신·협업을 통한 실적 개선이라는 성과를 바탕으로 이루어집니다. 안전성, 정직성, 책임감도 우선시되었습니다.
- 내부 승계로 계획된 원활한 리더십 전환
- 현 CEO는 2026년 연례총회 및 자문역으로 계속 관여
- 비축량, 생산 및 현금흐름의 큰 개선으로 강한 입지 보고
- 전환 과정에서의 견조한 재무구조 강조
SM Energy (NYSE: SM) a annoncé des changements majeurs de direction : le directeur général actuel, Herbert S. Vogel, prévoit de prendre sa retraite le 1er mars 2026. Vogel a déjà quitté son poste de président au 4 septembre 2025, mais restera au conseil d'administration jusqu'à l'assemblée générale de mai 2026 et agira en tant que conseiller exécutif.
Elizabeth A. McDonald a été nommée présidente et directrice des opérations, avec l'intention de la promouvoir au poste de présidente et PDG au départ de Vogel. Cette transition fait suite au mandat réussi de Vogel, marqué par l'expansion du portefeuille et une amélioration des résultats grâce à la technologie, l'innovation et la collaboration, tout en privilégiant la sécurité, l'intégrité et la responsabilité.
- Transition de leadership planifiée et progressive avec succession interne
- Le CEO actuel reste impliqué jusqu'à l'AG 2026 et en tant que conseiller
- L'entreprise signale une position solide avec une hausse marquée des réserves, de la production et des flux de trésorerie
- Situation financière saine soulignée lors de la transition
SM Energy (NYSE: SM) hat bedeutende Führungsänderungen bekannt gegeben: Der derzeitige CEO Herbert S. Vogel plant seinen Rücktritt zum 1. März 2026. Vogel ist bereits zum 4. September 2025 als Präsident zurückgetreten, bleibt jedoch bis zur Hauptversammlung im Mai 2026 im Vorstand und wird als Executive Advisor tätig sein.
Elizabeth A. McDonald wurde zur Präsidentin und Chief Operating Officer ernannt und soll nach Vogels Ruhestand zur Präsidentin und CEO ernannt werden. Der Übergang folgt auf Vogels erfolgreiche Amtszeit, die durch Portfoliowachstum und Ergebnisverbesserungen dank Technologie, Innovation und Zusammenarbeit gekennzeichnet war, bei gleichzeitiger Priorisierung von Sicherheit, Integrität und Verantwortungsbewusstsein.
- Geplanter, reibungsloser Führungswechsel mit interner Nachfolge
- Der aktuelle CEO bleibt bis zur HV 2026 und als Berater involviert
- Das Unternehmen berichtet über eine starke Position mit deutlichem Anstieg bei Reserven, Produktion und Cashflow
- Starke Bilanz hervorgehoben im Zuge der Übergabe
- None.
- Loss of experienced CEO who led significant portfolio expansion
- Potential execution risk during leadership transition period
The Company also announced that Elizabeth A. McDonald has been appointed to the position of President, her new title being President and Chief Operating Officer. The Board currently intends to promote Ms. McDonald to President and Chief Executive Officer, effective upon Mr. Vogel's retirement.
Chairman of the Board Julio Quintana said, "Speaking on behalf of the Board of Directors, the SM Energy team and our stockholders, we thank Herb for his years of dedication and outstanding leadership. Herb's successful tenure is highlighted by significant portfolio expansion and bottom-line growth driven by his leadership culture that encouraged technology, innovation and collaboration and prioritized safety, integrity and stewardship. Our succession planning process sought continuity of these critical values, and we are delighted to have Beth in place. We congratulate Beth on her appointment to President knowing that her background, leadership strength and commitment to SM Energy's long-term values will deliver continued success."
Mr. Vogel comments: "My time with SM Energy has certainly been the highlight of my career, and it has been a true privilege to work with such talented and dedicated people at the forefront of the oil and gas industry. I am very proud of all of the accomplishments of the SM Energy team over the years, including our repeated ability to use our technical strengths to unlock value not recognized by others, and am highly confident that under Beth's leadership the future will see continued value creation and great things to come."
Ms. McDonald adds: "I am honored to have the opportunity to serve as SM Energy's President and Chief Operating Officer. This is an exciting time for SM Energy as we embrace a step-change in scale in reserves, production and cash flow, which are complemented by a strong balance sheet. We look forward to building upon this success with continued emphasis on our differential expertise in technology, geosciences and engineering."
FORWARD LOOKING STATEMENTS
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release that address events, or developments that we expect, believe, or anticipate will or may occur in the future are forward-looking statements. The words "intend," "expect," and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this press release include Mr. Vogel's intention to retire as Chief Executive Officer on March 1, 2026, his intention to remain a member of the Board of Directors of the Company until the Company's next annual meeting of stockholders, the expectation that he will take on an executive advisor role, the expectation that Ms. McDonald will be appointed to the role of Chief Executive Officer, and future expectations for the Company under Ms. McDonald's leadership. Such forward-looking statements are based on assumptions and analyses made by SM Energy in light of its perception of current conditions, expected future developments, and other factors that SM Energy believes are appropriate under the circumstances. These statements are subject to a number of known and unknown risks and uncertainties. Forward-looking statements are not guarantees of future performance and actual events may be materially different from those expressed or implied in the forward-looking statements. The forward-looking statements in this press release speak as of the date of this press release.
ABOUT THE COMPANY
SM Energy Company is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil, gas, and NGLs in the states of
SM ENERGY INVESTOR CONTACTS
Patrick
Meghan Dack, mdack@sm-energy.com, 303-837-2426
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SOURCE SM Energy Company
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