A New Era Dawns: SM Energy Announces CEO Transition as Herbert S. Vogel Prepares for Retirement

SM Energy Company, a leading independent energy company, has announced a significant leadership transition set to usher in a new era for the organization. After a distinguished career marked by strategic vision and unwavering dedication, Herbert S. Vogel, the company’s esteemed Chief Executive Officer, will retire from his position effective January 1, 2026.

The Board of Directors has unanimously appointed Javan D. Ottens, currently President and Chief Operating Officer, to succeed Mr. Vogel as President and Chief Executive Officer on the same date.

Mr. Vogel’s tenure at SM Energy has been transformative. Under his leadership, the company navigated complex market dynamics, expanded its operational footprint, and consistently delivered value to shareholders.

Colleagues and industry peers alike laud his strategic foresight and commitment to operational excellence, which have been instrumental in shaping SM Energy into the resilient and forward-looking enterprise it is today. While stepping down as CEO, Mr. Vogel is expected to continue contributing to the company's strategic direction as a member of the Board of Directors, ensuring a smooth transition and continued access to his invaluable insights.

“It has been an incredible privilege to lead SM Energy through such dynamic times,” stated Mr.

Vogel. “I am immensely proud of what we have achieved together and deeply grateful for the dedication of our entire team. I have full confidence in Javan’s ability to lead SM Energy into its next chapter of growth and innovation. His deep industry knowledge, proven leadership, and strategic acumen make him the ideal successor.”

Javan D.

Ottens brings a wealth of experience and a strong track record of success to his new role. Having served as President and Chief Operating Officer, Mr. Ottens has been a pivotal force in the company’s recent achievements, overseeing critical operations and contributing significantly to strategic planning.

His promotion underscores the company’s commitment to internal talent development and continuity of leadership.

Wade D. Estey, Chairman of SM Energy’s Board of Directors, commented on the transition: “On behalf of the entire Board, I extend our deepest gratitude to Herb for his exceptional leadership and profound contributions to SM Energy.

His legacy is one of growth, innovation, and unwavering integrity. We are equally thrilled to announce Javan D. Ottens as our next CEO. Javan has demonstrated outstanding leadership throughout his career at SM Energy, and we are confident that his vision and expertise will drive continued success and shareholder value in the years to come.”

This leadership transition represents a thoughtful and well-planned succession process, designed to ensure stability and capitalize on future opportunities.

SM Energy is poised to build upon its strong foundation, leveraging Mr. Ottens' leadership to continue its strategic initiatives, optimize operations, and pursue sustainable growth in the evolving energy landscape. The company looks forward to a future defined by continued operational excellence and a steadfast commitment to its stakeholders.