Matador Resources Company announced that Christopher P. Calvert will become Executive Vice President and Chief Financial Officer, effective April 21, 2026. Calvert, who has spent more than a decade with the company, most recently served as Executive Vice President and Chief Operating Officer, where he oversaw day‑to‑day operations across the firm’s Permian assets. The promotion reflects the company’s strategy to integrate financial planning more closely with operational execution, leveraging Calvert’s deep operational knowledge to guide capital allocation and growth initiatives.
In parallel, Glenn W. Stetson was promoted to Executive Vice President and Chief Operating Officer, also effective April 21, 2026. Stetson’s background as Executive Vice President – Production has positioned him to lead the company’s production and operational teams, ensuring that the integrated midstream and exploration portfolio continues to deliver efficiency and value. The dual promotions signal a deliberate succession plan that prioritizes continuity and internal talent development.
The leadership changes come after the departure of former CFO Robert T. Macalik, who left the role without any financial or accounting issues. Management emphasized that the transition is part of a broader effort to strengthen governance and maintain confidence among investors, bondholders, and analysts. By moving Calvert from COO to CFO, Matador aims to align financial strategy with operational realities, while Stetson’s new role will focus on scaling production and optimizing asset performance.
These appointments reinforce Matador’s commitment to execution, efficiency, and long‑term value creation. The company’s recent financial results—highlighted by strong production growth, reserve additions, and a focus on capital efficiency—provide a solid backdrop for the new leadership structure. The promotions are expected to support the company’s ongoing expansion of its integrated midstream and exploration portfolio, positioning Matador to capitalize on favorable market conditions in the Wolfcamp and Bone Spring plays.
The changes are part of a planned leadership succession that underscores Matador’s confidence in its internal talent pipeline. With Calvert’s operational expertise now guiding financial decisions and Stetson’s production focus steering day‑to‑day operations, the company is poised to sustain its growth trajectory and deliver long‑term shareholder value.
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