Governance

At SM Energy, we have an active and engaged Board of Directors equipped with an effective balance of fresh perspective and industry experience. Our Board is responsible for representing the long-term interests of our stockholders and is focused on ethical behavior and adherence to our core values.

Our Board is comprised of eight independent members, plus two non-independent members, Messrs. Ottoson and Vogel. Mr. Ottoson retired as the Company’s Chief Executive Officer in November 2020, but remains a non-executive member of the Board. Effective upon Mr. Ottoson’s retirement, Mr. Vogel was appointed as the Company’s Chief Executive Officer and as a member of the Board. A number of our independent directors have served as members of senior management of other companies in the oil and gas industry or are currently serving or have served as directors of other public companies. We believe that our independent and experienced directors, the specific experiences and skills that they bring to our Board and to their respective board committees, and the overall leadership of our Board by our Chairman provide great benefit to our Company and our stockholders.