Berry Petroleum Company Announces the Retirement of Jerry V. Hoffman.Business Editors BAKERSFIELD Bakersfield, city (1990 pop. 174,820), seat of Kern co., S central Calif., at the southern end of the San Joaquin valley; inc. 1898. It is an oil, mining, and agricultural center and one of the fastest-growing U.S. cities. , Calif.--(BUSINESS WIRE)--April 26, 2004 Berry Berry, former province, France Berry (bĕrē`), former province, central France. Bourges, the capital, and Châteauroux are the chief towns. Petroleum Company (NYSE NYSE See: New York Stock Exchange :BRY) announced that effective today, Mr. Jerry V. Hoffman is retiring as president and chief executive officer of Berry Petroleum Company for personal and health reasons. Mr. Robert F. Heinemann, the current chairman of the board, has been named interim president and chief executive officer. The board is immediately proceeding to engage in a search for a successor president and chief executive officer. The board of directors is confident Mr. Hoffman's departure will have no adverse affect on the Company's ongoing operations, management team or financial results. First quarter results will be released as scheduled on May 5, 2004. The board of directors wishes Mr. Hoffman well in his retirement and acknowledges the Company's appreciation for his almost 20 years of service to the Company during which time the Company experienced tremendous growth and success. Berry Petroleum Company is a publicly traded independent oil and gas production and exploitation company with its headquarters in Bakersfield, Calif. This release may contain descriptions of the Company's expectations regarding future business activities. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are made in reliance upon 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. provisions of 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. Accordingly, actual results may differ materially from those contemplated by the forward-looking statements. |
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