Management Team

Eric T. Greager | President and Chief Executive Officer

Eric T. Greager

Mr. Greager joined Baytex as President and CEO in November 2022. He is an accomplished energy executive with 30 years of operations and management experience. He is the former President, Chief Executive Officer and Director of NYSE-listed Civitas Resources, Inc. (formerly Bonanza Creek Energy, Inc.), a position he held from 2018 to 2022. Prior to joining Bonanza Creek / Civitas, Mr. Greager was a Vice President and General Manager at Encana Oil & Gas where he was accountable for a multi-basin portfolio. He joined Encana in 2006 and served in various management and executive positions. Prior to Encana, Mr. Greager spent two years at Dominion Resources and over eleven years at Helmerich & Payne, Inc. Mr. Greager previously served as a board member at the Western Energy Alliance, Colorado Oil and Gas Association, Hunter Ridge Energy Services and the Texas Parks and Wildlife Foundation. Mr. Greager holds a Master’s degree in Economics from the University of Oklahoma, a B.S. in Engineering from the Colorado School of Mines, and is a licensed professional engineer.

Chad L. Kalmakoff | Chief Financial Officer

CHAD L. KALMAKOFF

Mr. Kalmakoff was appointed Chief Financial Officer of Baytex in November 2022. He joined Baytex in September 2015 as Vice President, Finance, Prior to joining Baytex, Mr. Kalmakoff served as the 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. He has over 20 years of experience in the oil and gas industry, is a Chartered Accountant and holds a Bachelor of Commerce from Dalhousie University.

Chad E. Lundberg | Chief Operating Officer

CHAD E. LUNDBERG

Mr. Lundberg joined Baytex in August 2018. Prior to joining Baytex as Vice President, Light Oil, Mr. Lundberg was Vice President, Operations with Raging River Exploration Inc. from 2016 to 2018 and held a variety of technical and management roles with Crescent Point Energy Corporation, Husky Energy and as an independent consultant. He holds a Bachelor of Engineering degree from the University of Calgary. Mr. Lundberg is passionate about sustainability and building for future generations, complementing our commitment to develop responsible energy for the future.

James R. Maclean | Chief Legal Officer and Corporate Secretary

JAMES R. MACLEAN

Mr. Maclean joined Baytex in April 2014 as in-house counsel and has held positions of increasing responsibility since then. Prior to joining Baytex, Mr. Maclean held positions with Petrominerals Ltd. and Pembina Pipeline Corporation and was an associate at a national law firm. He is a corporate lawyer with over 15 years of experience advising energy companies with respect to significant transactions, corporate governance and securities compliance matters. Mr. Maclean holds a Bachelor of Laws from the University of Alberta and a Bachelor of Arts from the University of Victoria and is a member of the Law Society of Alberta.

Brian G. Ector | Senior Vice President, Capital Markets and Investor Relations

BRIAN G. ECTOR

Mr. Ector joined Baytex in November 2009. Prior to joining Baytex, Mr. Ector spent 15 years as a sell-side research analyst covering both energy trusts and exploration and production corporations. He spent the last seven years with Scotia Capital where he was consistently ranked as one of the top-rated analysts in Canada. Mr. Ector holds a Bachelor of Commerce degree with a concentration in finance from the University of Calgary and received his Chartered Financial Analyst designation in 1996. He spent seven years as a national board member of the Canadian Investor Relations Institute (“CIRI”), including two years as Chair of the national board. He is a member of CIRI, the CFA Institute and the CFA Society Calgary.

Kendall D. Arthur | Senior Vice President and General Manager, Canadian Heavy Oil Operations

KENDALL D. ARTHUR

Mr. Arthur joined Baytex in March 2006 as a Production Engineer and Asset Team Leader in the Heavy Oil Business Unit and has held positions of increasing responsibility since then. Prior to joining Baytex, he held various technical production, completions and operations roles with Husky Energy. Mr. Arthur has over 15 years of experience in the Canadian oil and gas industry and holds a Bachelor of Science degree in Mechanical Engineering from the University of Saskatchewan and is a practicing member of the Association of Professional Engineers, Geologists and Geophysicists of Alberta.

Julia Gwaltney | Senior Vice President and General Manager, U.S. Eagle Ford Oil Operations

Julia Gwaltney

Ms. Gwaltney joined Baytex in June 2023 concurrent with the closing of Baytex’s acquisition of Ranger Oil Corporation where she was the Senior Vice President and Chief Operating Officer. Prior to Ranger, Ms. Gwaltney was the Chief Operating Officer for Gary Permian, LLC, from November 2015 to January 2020, where she led the entry into the Delaware Basin and the development of the property. Previously, she was with Samson Resources as Vice President of Western Operations from April 2014 to November 2015, overseeing the Williston, Powder River, San Juan and Green River Basin assets. She was previously employed with Encana for 14 years, where she assumed increasing roles of responsibility with her last role as Vice President and General Manager of the Northern Operations. She started her career at Burlington Resources. Julia holds a B.S. from Colorado School of Mines and is a registered petroleum engineer.

Nicole Frechette | Vice President and General Manager, Canadian Light Oil Operations

NICOLE FRECHETTE

Ms. Frechette joined Baytex in August 2021 as Subsurface Manager, Light Oil. Prior to joining Baytex, she held several senior technical and leadership roles in reservoir engineering, asset development and strategic planning with Repsol and Talisman Energy. With over 16 years of experience in Canadian and International petroleum operations, Ms. Frechette has contributed to development planning and production optimization for a broad range of asset types, regulatory protocols and fiscal regimes. Ms. Frechette holds a Bachelor of Science degree in Chemical Engineering, with a minor in Petroleum, from the University of Calgary. She is a practicing member of the Association of Professional Engineers and Geoscientists of Alberta and a certified Project Management Professional.

Chris Lessoway | Vice President, Finance and Treasurer

Chris Lessoway

Mr. Lessoway was appointed Vice President, Finance and Treasurer of Baytex in June 2023, where he is responsible for financial reporting, corporate planning, and treasury functions. He joined Baytex in June 2017 as Financial Controller. Prior to joining Baytex, Mr. Lessoway held management positions at Kelt Exploration and Perpetual Energy. He began his career at KPMG LLP in 2009. Mr. Lessoway is a Chartered Accountant and holds a Bachelor of Commerce degree (magna cum laude) from Saint Mary’s University. He is a member of the Institute of Chartered Professional Accountants of Alberta.