CEO Herb Vogel plans retirement by March 2026; Elizabeth McDonald appointed President, COO

SM Energy Co

Herbert S. Vogel to retire as CEO on March 1, 2026; will remain a director until May 2026 annual meeting.
Elizabeth A. McDonald appointed President and COO effective Sept 4, 2025; expected to become CEO upon Vogel's retirement.
McDonald previously EVP & COO since Sept 2024; 20-year Pioneer Natural Resources veteran.
Vogel resigned as President effective Sept 4; will serve as executive advisor transitionally.

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