Berry Corporation Announces Management Succession Plan, Reinforces Focus on Shareholder Return Maximization

DALLAS, Nov. 29, 2022 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ:BRY) today announced the evolution of its executive team, effective January 1, 2023:

“Since joining Berry six years ago, the Board and I have worked to develop a group of strong and capable leaders to ensure the Company’s continued success. Fernando’s entrepreneurial spirit and strong operational experience managing our assets have delivered excellent shareholder returns and he has proven his leadership abilities and suitability to lead Berry. Among other strengths, he has demonstrated the ability to be flexible in ever changing environments, adapting to successfully execute on our strategic goals, while delivering strong health, safety and environmental performance,” said Trem Smith. Mr. Araujo joined Berry in September 2020 with more than 30 years of experience having worked in leadership roles for some of the most recognized companies in the industry, including Shell, Repsol, Apache, and Schlumberger.

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