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Berry Petroleum Company Names Robert Heinemann CEO.


BAKERSFIELD, Calif. -- The board of directors of 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 Martin H. Young, Jr. was named chairman of the board, and Robert F. Heinemann was named president and chief executive officer, effective immediately. Mr. Heinemann has served as chairman, interim president and chief executive officer since April 2004.

Mr. Young commented, "The board of directors is very pleased Bob has agreed to make a full-time commitment to Berry Petroleum. He has extensive technical and management experience and is a strong leader who can continue the Company's strategic growth activities, both in the Rocky Mountains Rocky Mountains, major mountain system of W North America and easternmost belt of the North American cordillera, extending more than 3,000 mi (4,800 km) from central N.Mex. to NW Alaska; Mt. Elbert (14,431 ft/4,399 m) in Colorado is the highest peak.  and California."

Mr. Heinemann concluded, "It is an honor to be named president and chief executive officer of Berry Petroleum. Together with our strong management team, and with support of the board of directors, I believe Berry will continue to follow its strategic plans for achieving its growth and performance targets."

In addition, Ralph J. Goehring, chief financial officer, was named executive vice president; Michael Duginski was named senior vice president of corporate development; and Logan Magruder was named senior vice president of the Rocky Mountain and Mid-continent regions.

Mr. Heinemann is an energy consultant who joined the board in 2002 and continues as a director on the board. He served as senior vice president and chief technology officer of Halliburton Company and as chairman of the Halliburton Technology Advisory Committee. He was previously with Mobil Oil Corporation from 1981 to 1999, most recently as vice president of Mobil Technology Company and general manager of the Mobil Exploration and Producing Technical Center.

Mr. Young is the senior vice president and chief financial officer of Falcon Seaboard Holdings, L.P., a private energy company involved in power production, natural gas exploration and production, real estate and private investments. He is also the chairman of the board of Texas Mutual Insurance Company. Mr. Young joined the Berry board of directors in 1999 and has served as chairman of the audit committee. Stephen L. Cropper CROPPER, contracts. One who, having no interest in the land, works it in consideration of receiving a portion of the crop for his labor. 2 Rawle, R. 12. , who joined the Berry board of directors in 2002 and was the former president and chief executive officer of Williams Energy Services, will be the new chairman of the audit committee.

Berry Petroleum Company is a publicly traded independent oil and gas production and exploitation company with its headquarters in Bakersfield, California “Bakersfield” redirects here. For other uses, see Bakersfield (disambiguation).

Bakersfield (pop. 323,213GR2) is one of the fastest-growing, large-population cities in the United States.
.

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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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 16, 2004
Words:428
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