SM Energy CEO to retire in March 2026, McDonald appointed president

DENVER - SM Energy Company (NYSE:SM), currently valued at $3.09 billion, announced Monday that Chief Executive Officer Herbert S. Vogel plans to retire on March 1, 2026, and has resigned as President effective September 4, 2025.

Elizabeth A. McDonald has been appointed President and Chief Operating Officer, with the board intending to promote her to President and CEO upon Vogel’s retirement.

Vogel will remain on the board until the company’s next annual stockholders meeting in May 2026 and is expected to take on an advisory role afterward.

"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," said Board Chairman Julio Quintana in a statement.

Vogel described his time at SM Energy as "the highlight of my career," expressing confidence in McDonald’s future leadership.

McDonald, in her new role, noted that SM Energy is experiencing "a step-change in scale in reserves, production and cash flow, which are complemented by a strong balance sheet."

The leadership transition comes as the Texas and Utah-focused oil and gas producer continues its operations in acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids.

The announcement was made in a company press release.

In other recent news, SM Energy has reported its second-quarter earnings for 2025, surpassing market expectations. The company posted an earnings per share (EPS) of $1.50, outperforming the forecasted $1.27. Additionally, SM Energy exceeded revenue forecasts by reporting $792.94 million, compared to the anticipated $785.7 million. These results have drawn attention from analysts and investors alike. The company’s performance indicates strong operational capabilities. Analysts from various firms are likely to adjust their outlooks based on these figures. SM Energy’s financial results highlight its ability to deliver better-than-expected outcomes. The announcement has sparked interest in the market, reflecting positively on the company’s recent developments.

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