Goodrich Petroleum has appointed Kristen McWatters to be its new CFO. She replaces Robert Barker, who is retiring. Mr. Barker joined the company in 2007 and had been CFO since 2017.
Goodrich has its head office in downtown Houston. It operates primarily in the Haynesville Shale Basin that straddles East Texas and Louisiana. The company has a market capitalization of $138 million.
The company was formed in 1975 and went public via a reverse takeover of Patrick Petroleum in 1995. In 2016, the company went through bankruptcy, converting $400 million of debt into equity.
Ms. McWatters joined the company in 2017 and has been its Controller since March 2020. She started her career at KPMG and has also worked at Southwestern Energy and Spark Energy, two Houston-based publicly-traded companies.
Ms. McWatters will receive a base salary of $200,000.