Baytex 能源 BTE

Mr. Bly is an independent businessman with over 35 years of experience in the oil and gas industry, primarily with BP, a global producer of oil and gas. Mr. Bly led several key E&P units for BP in Alaska, the North Sea and in North America. Subsequently, he was a member of the E&P Executive Group, overseeing an international E&P portfolio. In his final role as Executive Vice President, Safety and Operations Risk, he led the transformational program to drive operational excellence and risk management across all of BP's global activities. He currently serves as an independent director of Secure Waste Infrastructure. Mr. Bly holds a Master of Science degree in structural engineering from the University of California, Berkeley and a Bachelor of Science degree in civil engineering from the University of California, Davis. Other Public Co. Boards- Secure Waste Infrastructure.

Mr. Hrap is an independent businessman with over 35 years of experience in the oil and gas industry. Most recently, he was the President, Lower 48 at ConocoPhillips, a position he held from 2009-2018. While at ConocoPhillips Mr. Hrap also served as president of the Lower 48 and Latin America, and prior to that, senior vice president of Western Canada Gas with the company. He joined ConocoPhillips in 2006 through the merger with Burlington Resources, serving as senior vice president of operations for Burlington Canada. Earlier, he was vice president for the North American Division at Gulf Canada Resources, where he worked for 17 years. Mr. Hrap is a director of the private oil and gas exploration company WildFire Energy I LLC. He is a former chairman and member of the API Upstream Committee, former member of the Independent Petroleum Association of America (IPAA) and former member of the executive committee of the U.S. Oil and Gas Association. Bachelor of Science in Mechanical Engineering and a Master in Business Administration. From 2009-2018, he served as President, Lower 48 at ConocoPhillips with strong breadth and depth of experience across several U.S. oil resource plays. Prior to this at ConocoPhillips, Mr. Hrap was Senior Vice President of Western Canada Gas. He joined ConocoPhillips in 2006 through the merger with Burlington Resources, serving as Senior Vice President of Operations for Burlington Canada. Earlier, he was Vice President for the North American Division at Gulf Canada Resources, where he worked for 17 years.

Ms. Curran is a retired businesswoman with extensive experience in human resources, mergers and acquisitions, financing and governance. She served as an officer of Canadian Oil Sands Limited from September 2002 to the time of its sale in February 2016. As Senior Vice President, General Counsel & Corporate Secretary of Canadian Oil Sands Limited, she was responsible for legal, human resources and administration and a member of the executive team focused on strategy and risk management. From 2003 to 2016, she was a director of Syncrude Canada Ltd., where she served as chair of the Human Resources and Compensation Committee and as a member of the Pension Committee. She is a director of Trican Well Service Ltd., and Equinox Gold Corp. Additionally, she is a member of the Alberta Securities Commission and previously co-chair the Executive Committee of the Calgary chapter of the Institute of Corporate Directors. Ms. Curran holds a Bachelor of Arts Degree in English and a Bachelor of Laws degree (both with distinction) from the University of Saskatchewan and the ICD.D designation from the Institute of Corporate Directors.

Mr. Reynish holds a Masters in Engineering and a Master of Business Administration earned in the UK. Formerly served as Chief Executive Officer of Enlighten Innovations and prior to that was an Executive Vice President at Suncor Energy Inc. for eight years, which included a period as interim Chief Financial Officer. Additionally, the President of Marathon Oil Canada, which he joined through its acquisition of Western Oil Sands. Prior to his entry into Canada, he held senior positions within the Anglo American Group, including Vice President of Mining of Anglo Base Metals in Johannesburg and Chief Executive Officer of Bindura Nickel in Zimbabwe.

Mr. Jeffrey E. Wojahn joined the Board in June 2023, concurrent with the closing of Baytex's acquisition of Ranger Oil Corporation. He has served on Ranger's Board since September 2019. Mr. Wojahn was Executive Vice President of EnCana Corporation from 2003 to 2013 and President of Encana Oil & Gas (USA) Inc. from 2006 to 2013. He held executive, senior management, and operational positions in both Canada and the United States and has extensive experience in unconventional resource play development. He served as an Advisory Board member for Morgan Stanley Energy Partners from October 2014 until 2017. In 2017, he co-founded and served as the Executive Chairman of MiddleFork Energy Partners, a privately held exploration and production company. Subsequently, MiddleFork Energy merged with Koda Resources and currently Mr. Wojahn serves as a director of the company. Mr. Wojahn also served as a director of Bonanza Creek and currently serves as Director of Civitas Resources. In 1985, Mr. Wojahn graduated from the University of Calgary with a bachelor of science in geophysics. In addition, Mr. Wojahn has completed numerous executive management and business programs. Other Public Co. Boards- Civitas Resources, Inc.

Mr. Pearce is currently the Deputy Chairman of private equity energy firm Azimuth Capital Management and has been with the firm since July 2014. He was an Operating Partner with the Azimuth predecessor KERN Partners from November 2008 to July 2014. Mr. Pearce was a director of Raging River Exploration Inc. from March 2012 to August 2018. He was with Northrock Resources Ltd. from June 1999 to January 2008 where he held several senior officer positions and most recently was the President and Chief Executive Officer. Prior thereto Mr. Pearce worked in various Management roles at Fletcher Challenge Canada, Amoco Canada and Dome Petroleum. Mr. Pearce has a Bachelor of Science in Mechanical Engineering (Honors) from the University of Manitoba. Other Public Co. Boards- Headwater Exploration Inc.

On March 4, 2026, the company announced that Mr. Chad E. Lundberg will be appointed as Chief Executive Officer following the Corporation's annual meeting of shareholders to be held on May 7, 2026. Effective December 19, 2025, Mr. Lundberg's title changed from Chief Operating Officer to President and Chief Operating Officer. President and Chief Operating Officer of the Corporation since December 2025. Previously served as Chief Operating Officer since June 2023; Chief Operating & Sustainability Officer since July 2021; and Vice President, Light Oil since December 2018.

Ms. Nicole M. Frechette, VP and General Manager, Canadian Light Oil Operations at the Corporation since June 2023. Previously served as Vice President, Light Oil from February 2022; Subsurface Manager, Light Oil from August 2021; and held various senior technical and leadership roles with Repsol and Talisman Energy from 2005 until August 2021.