Goodrich Petroleum Announces Appointment of Senior Vice President and Chief Financial Officer

Rhea-AI Summary

Goodrich Petroleum Corporation (NYSE American: GDP) announced the promotion of Kristen M. McWatters to Senior Vice President, Chief Financial Officer, and Chief Accounting Officer, effective December 17, 2020. McWatters replaces Robert T. Barker, who is retiring after serving since January 2017. Barker's retirement is based on personal reasons and not related to any operational disagreements. McWatters, a CPA, joined the company in 2017 and has been the Controller since March 2020, bringing prior experience from Spark Energy and Southwestern Energy.

Positive

• Promotion of Kristen M. McWatters expected to bring fresh perspectives to leadership.
• McWatters has relevant experience in financial reporting and management.

Negative

• Retirement of Robert T. Barker may lead to potential continuity concerns.

HOUSTON, Dec. 16, 2020 /PRNewswire/ -- Goodrich Petroleum Corporation (NYSE American: GDP) (the "Company") today announced that the Company has promoted Kristen M. McWatters, the Company's Controller, to Senior Vice President, Chief Financial Officer and Chief Accounting Officer effective December 17, 2020. Ms. McWatters replaces Robert T. Barker who has served as the Company's Senior Vice President and Chief Financial Officer since January 2017 and is retiring effective December 16, 2020.  The Company previously announced Mr. Barker's notice of retirement on September 25, 2020. His decision to retire was based on personal reasons and not the result of any disagreement relating to our operations, policies or practices.

In this role, Ms. McWatters will serve as the Company's principal financial officer in addition to her other roles.  Ms. McWatters is a certified public accountant (CPA) who joined the Company in 2017 and has been its Controller since March 2020.  Prior to joining the Company, Ms. McWatters served as Controller for Spark Energy, Inc., a publicly traded independent retail energy services company, from 2015 to 2016 and their Senior Manager, Financial Reporting from 2014 to 2015.  From 2011 to 2014, Ms. McWatters served in various positions with Southwestern Energy Company, including Manager, Financial Reporting from 2013 to 2014.  From September 2008 to 2011, Ms. McWatters worked for KPMG, LLP.

Goodrich Petroleum is an independent oil and natural gas exploration and production company listed on the NYSE American under the symbol "GDP".

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SOURCE Goodrich Petroleum Corporation

FAQ

Who has been appointed as the new CFO of Goodrich Petroleum?

Kristen M. McWatters has been promoted to Senior Vice President and CFO effective December 17, 2020.

What was the reason for Robert T. Barker's retirement?

Robert T. Barker retired for personal reasons, with no reported disagreements regarding the company's operations.

What experience does Kristen M. McWatters bring to her new role?

Kristen M. McWatters has served as Controller since March 2020 and previously held positions at Spark Energy and Southwestern Energy.

When did Goodrich Petroleum announce the management change?

The announcement was made on December 16, 2020.

What is the stock symbol for Goodrich Petroleum?

The stock symbol for Goodrich Petroleum is GDP.