Berry Petroleum Appoints Shawn Canaday to Controller and Steve Wilson to Treasurer.BAKERSFIELD, Calif. -- Berry Petroleum Company (NYSE NYSE See: New York Stock Exchange : BRY) today announced that Shawn Canaday, 31, has been appointed controller and Steven B. Wilson, 43, has been appointed treasurer, effective March 2, 2007. Mr. Wilson was recently named controller of Berry upon the retirement of Mr. Don Dale in December 2006. Both Mr. Canaday and Mr. Wilson report to Mr. Ralph Goehring, executive vice president and chief financial officer. In announcing the appointments Mr. Goehring said, "Both Mr. Wilson and Mr. Canaday have been an integral part of the Berry finance leadership over the past three years. Both have demonstrated exceptional financial acumen in their respective roles at Berry. We are switching their roles to allow each of them the opportunity to broaden their experience and knowledge base, to enhance their leadership abilities and to provide executive depth within the Company. We all work well together and will continue to advance our broadening finance function as Berry executes its growth strategies." Mr. Canaday has been the treasurer since December 2004 and joined Berry as a senior financial analyst in 2003. Mr. Canaday is a graduate of California State University, Fresno The campus sits at the foot of the Sierra Nevada mountain range in the San Joaquin Valley. Fresno County is the sixth largest metropolitan area in California. The university is within an hour's drive of many mountain and lake resorts and within a three- or four-hour drive of both Los , and has experience in both public accounting and the oil and gas industry, having previously worked for Chevron. Mr. Wilson was promoted to controller from assistant controller in December 2006. He joined Berry in 2003 and is a graduate of Brigham Young University Brigham Young University, at Provo, Utah; Latter-Day Saints; coeducational; opened as an academy in 1875 and became a university in 1903. It is noted for its law and business schools. . Prior to joining Berry, Mr. Wilson held senior financial management positions with several companies and was an audit manager with Price Waterhouse LLP LLP - Lower Layer Protocol . About Berry Petroleum Company Berry Petroleum Company is a publicly traded independent oil and gas production and exploitation company with its headquarters in Bakersfield, California. Safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. under the "Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995" Any statements in this news release that are not historical facts are forward-looking statements that involve risks and uncertainties. Important factors which could affect actual results are discussed in PART 1, Item 1A. Risk Factors of Berry's 2006 Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission. |
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