Joseph Wm. Foran is the CEO and Chairman of Matador Resources Company, where he has been leading since 2015. He has a strong foothold in the oil and gas sector and has played a significant role in the company's growth....
Joseph Wm. Foran is the CEO and Chairman of Matador Resources Company, where he has been leading since 2015. He has a strong foothold in the oil and gas sector and has played a significant role in the company's growth. Under his leadership, the company has flourished with key financial metrics driving performance. In 2023, Foran received a total compensation of about $8.06 million, which includes a base salary of $1.35 million and a substantial bonus tied to performance. His approach focuses on aligning executive benefits with the company’s success, as seen in the cash incentives structure based on performance metrics like shareholder returns and adjusted EBITDA. There’s an interesting twist to his investment in the company; he and his family own substantial shares of Matador, reflecting his commitment to its long-term success. His career also includes insider trading activities where he made notable transactions, including selling shares worth over $52 million just prior to 2022. Overall, Foran’s leadership style combines direct ownership interest with a clear performance-based compensation philosophy, indicating a focus on creating value for everyone invested in Matador.