BTE Baytex Energy Corp.

Baytex Announces Executive Appointment and Departure of EVP & CFO

Calgary, Alberta--(Newsfile Corp. - November 17, 2022) - Baytex Energy Corp. (TSX: BTE) today announced that Chad Kalmakoff has been promoted to Chief Financial Officer. Mr. Kalmakoff replaces Rodney Gray, Executive Vice President and Chief Financial Officer, who has left the organization to pursue other opportunities.

"We are pleased to promote Chad to Chief Financial Officer. Chad has led our finance team for seven years and is well positioned to step into this role. He has been a significant contributor to our success and I look forward to working closely with Chad and the entire executive team as we continue the company's focus on long-term value creation," said Eric Greager, President and Chief Executive Officer. "On behalf of Baytex, I would like to wish Rod well in his future endeavors. Rod was instrumental in guiding Baytex through the volatile commodity markets we faced during his tenure and he departs with the company in a solid financial position."

Mr. Kalmakoff joined Baytex on September 1, 2015 as Vice President, Finance and has held primary responsibilities for treasury, financial reporting, accounting and information technology. He has over 20 years of experience in the oil and gas industry. Prior to joining Baytex, Mr. Kalmakoff was Vice President, Finance and Chief Financial Officer at Kicking Horse Energy Inc. and Vice President, Finance and Chief Financial Officer at Corinthian Exploration Ltd. He also held a number of positions of increasing responsibility at Pace Oil & Gas Ltd. and its predecessors, including Chief Financial Officer and Vice President, Finance. Mr. Kalmakoff is a Chartered Accountant and holds a Bachelor of Commerce from Dalhousie University.

Baytex Energy Corp.

Baytex Energy Corp. is an energy company based in Calgary, Alberta. The company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Baytex's common shares trade on the Toronto Stock Exchange under the symbol BTE.

For further information about Baytex, please visit our website at or contact:

Brian Ector, Vice President, Capital Markets

Toll Free Number: 1-800-524-5521
Email:

To view the source version of this press release, please visit

EN
17/11/2022

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Baytex Energy Corp.

Moody's Ratings withdraws Baytex's ratings at issuer's request

Moody's Ratings (Moody's) withdraws all of Baytex Energy Corp.'s (Baytex) ratings at the issuer's request, including the B1 corporate family rating (CFR), B1-PD probability of default rating (PDR), B3 senior unsecured notes rating, and SGL-1 speculative grade liquidity rating. Prior to the withdrawa...

Baytex Energy Corp.: Update to credit analysis

Our credit view of this issuer reflects its maintenance of robust metrics at our mid-cycle prices, constrained by its high exposure to lower value Canadian heavy oil.

Moody's Ratings downgrades Baytex's CFR to B1, senior unsecured notes ...

Moody's Ratings (Moody's) has downgraded Baytex Energy Corp.'s ("Baytex") corporate family rating (CFR) to B1 from Ba3, the probability of default rating (PDR) to B1-PD from Ba3-PD, and senior unsecured notes to B3 from B1. The outlook was changed to stable from ratings under review. Previously, the...

Baytex Energy Corp.: Update following placement of ratings on review f...

Our credit view of this issuer reflects its exposure to lower value Canadian heavy oil, and limited scale and diversification following asset sales

Moody's Ratings places Baytex's ratings under review for downgrade on ...

Moody's Ratings (Moody's) placed Baytex Energy Corp.'s ("Baytex") ratings under review for downgrade, including the Ba3 corporate family rating (CFR), Ba3-PD probability of default rating (PDR) and B1 senior unsecured notes ratings. Previously, the outlook was stable. The SGL-2 speculative grade liq...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch