Berry Corporation Appoints Fernando Araujo As CEO; Announces Management Succession Plan

Berry Corporation (Bry) BRY:

• BERRY CORPORATION ANNOUNCES MANAGEMENT SUCCESSION PLAN, REINFORCES FOCUS ON SHAREHOLDER RETURN MAXIMIZATION

• TREM SMITH, BERRY'S CURRENT BOARD CHAIRMAN, PRESIDENT AND CEO, TO BECOME EXECUTIVE CHAIRMAN

• BERRY CORPORATION- BERRY'S CURRENT CHIEF OPERATING OFFICER FERNANDO ARAUJO TO BECOME CHIEF EXECUTIVE OFFICER; POSITION OF COO WILL BE ELIMINATED

• BERRY'S CURRENT CHIEF ACCOUNTING OFFICER MIKE HELM TO BECOME CHIEF FINANCIAL OFFICER

• CURRENT CFO & MEMBER OF BOARD CARY BAETZ WILL REMAIN IN BOARD ROLE AND AS SPECIAL ADVISOR HELPING IN TRANSITION UNTIL MARCH 2023