Matador Resources promoted two long-time executives to top leadership roles, elevating Christopher P. Calvert to executive vice president and chief financial officer and Glenn W. Stetson to executive vice president and chief operating officer, effective April 21, 2026.
Calvert had been serving as executive vice president and chief operating officer before the change. He joined Matador in October 2014, giving him about 11 and a half years with the company at the time of the promotion. Stetson, who had been executive vice president of production, joined in August 2014 and had also spent roughly 11 and a half years at Matador.
The leadership shift also marks the departure of Robert T. Macalik as chief financial officer on April 21. Matador said Macalik’s exit was not tied to any financial or accounting issue or any disagreement with the company.
Founder, Chairman and Chief Executive Officer Joseph Wm. Foran said Calvert and Stetson each have more than 10 years of experience leading departments at Matador and about 20 years of industry experience. He said both have been key members of the company’s executive committee.
Foran said Calvert’s background in operations, business, technical matters and relationships with staff, shareholders, bondholders, analysts and banks made him a fit to lead the finance team. He said Stetson had helped build what he described as record results across Matador’s operations and midstream activities and would continue that focus in the COO role. As a result of these announcements, the company's shares have moved -1.0% on the market, and are now trading at a price of $60.46. If you want to know more, read the company's complete 8-K report here.
