NATCHEZ, Miss., Aug. 24, 2016 /PRNewswire/ -- Callon Petroleum
Company (NYSE: CPE) ("Callon" or the "Company") today announced
that the Board of Directors has approved the following management
promotions:
- Gary A. Newberry was appointed
Senior Vice President and Chief Operating Officer and will continue
to lead all aspects of operations managed by direct reports
Jerry Weant, Vice President of Land
and Michael O'Connor, Vice President
of Permian Operations
- Joseph C. Gatto, Jr. was
appointed President, in addition to his current role as Chief
Financial Officer and Treasurer
- Mitzi P. Conn was appointed to
the newly created position of Vice President and Chief Accounting
Officer and will report to Mr. Gatto.
Mr. Newberry and Mr. Gatto will continue to report to
Fred Callon, Chief Executive Officer
and Chairman of the Board of Directors. Mr. Callon commented, "I am
proud to announce the promotion of these individuals that have
guided our company through one of the most turbulent times we've
experienced in the global oil markets. We have emerged as a leading
operator in the Permian Basin with a proven track record of
sustained asset growth combined with leading-edge capital
efficiency and operating costs. The strong partnership they have
built between our operational and financial organizations has
fostered a culture of teamwork and respect that exemplifies
Callon's core values. I am confident that this leadership team will
continue to drive shareholder value in the years ahead while
maintaining our valued reputation amongst all of our business
partners."
About Callon Petroleum
Callon is an independent energy
company focused on the acquisition, development, exploration, and
operation of oil and gas properties in the Permian Basin in
West Texas.
This news release is posted on the Company's website at
www.callon.com and will be archived there for subsequent review. It
can be accessed from the "News" link on the top of the
homepage.
Cautionary Statement Regarding Forward Looking
Statements
This news release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements include all statements, as well as
statements including the words "believe," "expect," "plans" and
words of similar meaning. These statements reflect the Company's
current views with respect to future events and financial
performance. No assurances can be given, however, that these events
will occur or that these projections will be achieved, and actual
results could differ materially from those projected as a result of
certain factors. Some of the factors which could affect our future
results and could cause results to differ materially from those
expressed in our forward-looking statements include the volatility
of oil and gas prices, ability to drill and complete wells,
operational, regulatory and environment risks, our ability to
finance our activities and other risks more fully discussed in our
filings with the Securities and Exchange Commission, including our
Annual Reports on Form 10-K, available on our website or the SEC's
website at www.sec.gov.
For further information contact:
Eric Williams
Manager, Finance
1-800-451-1294
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visit:http://www.prnewswire.com/news-releases/callon-petroleum-company-announces-management-appointments-300317868.html
SOURCE Callon Petroleum Company