SM Energy Company (NYSE: SM) has announced the appointment of Beth McDonald as its Executive Vice President and Chief Operating Officer, effective from September 9, 2024. Beth McDonald joins SM Energy from Pioneer Natural Resources Company, where she served as the Executive Vice President for Strategic Planning, Field Development, and Marketing.
President and Chief Executive Officer Herb Vogel expressed his enthusiasm for McDonald's appointment, citing her extensive experience and leadership in the industry. McDonald brings with her approximately twenty years of experience at Pioneer, with a focus on the Permian Basin and South Texas, as well as previous engineering roles at Hess Corporation and Total E&P USA. She holds a Bachelor of Science in Petroleum Engineering from Texas A&M University.
SM Energy Company is an independent energy company operating in the state of Texas, engaged in the acquisition, exploration, development, and production of oil, gas, and natural gas liquids.
This appointment signifies a strategic move for SM Energy, as it looks to leverage McDonald's expertise to continue its success in Texas and apply its technical leadership to new assets in Utah. With this addition to its executive team, SM Energy aims to strengthen its position in the industry and drive further growth and development. The market has reacted to these announcements by moving the company's shares -1.4% to a price of $39.56. For the full picture, make sure to review SM Energy's 8-K report.
