Resource Royalty LLC, a Dallas-based oil and gas royalty portfolio manager, announced Bob Howard, founder, will assume the role of chairman and Beth Good, who previously served as chief financial officer of the company, will assume Howard’s prior role of chief executive officer.
According to LinkedIn, Good was a vice president at J.P. Morgan for four years prior to joining Resource Royalty in 2012. She previously served as a manager with KPMG, one of the “big four” national accounting firms, for nearly five years in the 1980s.
“In addition to an in-depth knowledge of all facets of the industry, Beth has a great passion for the business,” said Howard. “She has been a vital member of the executive management team for more than a decade and has helped create eighteen royalty offerings during her time as CFO. Beth is a talented leader, and we are thrilled to have her in the role of CEO.”
Good added, “I want to thank Bob Howard for his encouragement and support. Along with my new duties, I will continue to assist the engineering team in constructing royalty portfolios that emphasize current income as well as growth. As always, our main goal is to continue a tradition of excellent financial performance.”
The management transition will be completed by the end of the year.
Founded in 2010, Resource Royalty offers private placements via the independent broker-dealer community and has raised more than $129 million building portfolios comprised of producing oil & gas minerals.