Matador Resources Company (NYSE: MTDR) has recently appointed Ms. Susan M. Ward as a new member to its Board of Directors. Ms. Ward, who served as a Senior Executive at Shell Oil Company for 12 years and retired in 2019 after over 20 years of service, brings a wealth of experience and expertise to the position. During her time at Shell, Ms. Ward held several senior roles including Head of M&A and Commercial Finance for all of Shell’s businesses in the Americas, as well as Vice President, Chief Financial Officer, and Board member of Shell Midstream Partners.
This appointment signifies Matador’s commitment to strengthening its leadership and leveraging the knowledge and insights of industry veterans. Ms. Ward’s extensive background in the energy sector, particularly in finance and strategic planning, will undoubtedly contribute to the company’s continued growth and success.
In other news, Matador Resources Company achieved a return on average invested assets (ROI) of 23.88% in the second quarter of 2023. This figure is significantly higher than the company’s average return on investment of 0.75%. However, it is important to note that the ROI decreased compared to the previous quarter, primarily due to a decline in net income.
Despite the decrease in ROI, Matador Resources Company remains competitive within the energy sector. While 37 other companies in the industry achieved a higher return on investment, the company’s ranking on the total ROI scale has declined from 192 to 266 compared to the first quarter of 2023.
Overall, Matador Resources Company’s appointment of Ms. Susan M. Ward as a new Director demonstrates its commitment to strengthening its board and utilizing the expertise of industry leaders. The company’s strong performance in the second quarter, despite a decrease in ROI, positions it competitively in the energy sector.
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