Management Team

Eric T. Greager | President and Chief Executive Officer

Eric T. Greager

Mr. Greager joined Baytex as President and CEO on November 4, 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 on November 17, 2022. He 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.

Chad E. Lundberg | Chief Operating and Sustainability Officer

CHAD E. LUNDBERG

Mr. Lundberg was appointed Chief Operating and Sustainability Officer on July 28, 2021. In this role, he is responsible for operations, health and safety and leading our sustainability efforts. Prior to joining Baytex in 2018 as Vice President, Light Oil, Mr. Lundberg was Vice President, Operations with Raging River Exploration Inc. from 2016 to 2018. Prior thereto, Mr. Lundberg 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.

Brian G. Ector | Vice President, Capital Markets

BRIAN G. ECTOR

Mr. Ector is Vice President, Capital Markets of Baytex and is responsible for Baytex’s equity capital markets and investor relations functions. He 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 received 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 National Investor Relations Institute, the CFA Institute and the CFA Society Calgary.

Kendall D. Arthur | Vice President, Heavy Oil

KENDALL D. ARTHUR

Mr. Arthur was appointed Vice President, Heavy Oil of Baytex on December 14, 2018. Mr. Arthur has over 15 years of experience in the Canadian oil and gas industry. He joined Baytex Energy in 2006 as a Production Engineer and Asset Team Leader in the Heavy Oil Business Unit and has been a business unit Vice President since January 2012. Prior to joining Baytex, he held various technical production, completions and operations roles with Husky Energy. Mr. Arthur received 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.

Nicole Frechette | Vice President, Light Oil

NICOLE FRECHETTE

Mrs. Frechette was appointed Vice President, Light Oil of Baytex on February 24, 2022, responsible for the Eagleford, Duvernay and Viking Assets. She joined the organization in August of 2021 as Subsurface Manager, Light Oil. With over 16 years of experience in Canadian and International petroleum operations, Mrs. Frechette has contributed to development planning and production optimization for a broad range of asset types, regulatory protocols and fiscal regimes. 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. Mrs. Frechette received 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.

M. Scott Lovett | Vice President, Corporate Development

M. SCOTT LOVETT

Mr. Lovett is Vice President, Corporate Development of Baytex. He joined Baytex on September 5, 2017. Mr. Lovett is a professional engineer and has over 25 years of experience in the oil and gas industry, including reservoir evaluations, acquisitions and divestments, business planning, and strategic analysis. From March 2014 to September 2017, he held a number of positions of increasing responsibility at Eagle Energy Inc., including Executive Vice President, Business Development. From September 2011 to March 2014, he was an officer of Native American Resource Partners, initially serving as Senior Vice President and then Chief Operating Officer. Prior thereto, he held various engineering and management roles at GLJ Petroleum Consultants Ltd. and Enerplus Corporation. Mr. Lovett holds a Bachelor and Master in Science degrees in Chemical Engineering and a Master in Business Administration, all from the University of Calgary.

James R. Maclean | Vice President, General Counsel and Corporate Secretary

JAMES R. MACLEAN

Mr. Maclean was appointed Vice President, General Counsel and Corporate Secretary of Baytex on February 24, 2022. Mr. Maclean is a corporate lawyer with over 15 years of experience advising energy companies with respect to significant transactions, corporate governance and securities compliance matters. He joined Baytex in 2014 as Senior Legal Counsel and has been General Counsel and Corporate Secretary since 2018. Prior to joining Baytex, Mr. Maclean held positions with Petrominerals Ltd. and Pembina Pipeline Corporation and was an associate at a national law firm. 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.