Callon Petroleum (CPE) Names Gary A. Newberry as COO and Joseph C. Gatto, Jr as President

August 24, 2016 4:21 PM EDT

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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."

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