Business
Philip F. Patman, Jr. to Succeed Russell M. Gifford as Chief Financial Officer of Barnwell
HONOLULU, HI / ACCESS Newswire / December 30, 2025 / Barnwell Industries, Inc. (NYSE American:BRN) ("Barnwell" or the "Company") today announced the retirement of Russell M. Gifford as Executive Vice President, Chief Financial Officer and Treasurer ...
About this update from Barnwell Industries, Inc.
[{"type":"text","content":"HONOLULU, HI / ACCESS Newswire / December 30, 2025 / Barnwell Industries, Inc. (NYSE American:BRN) ("Barnwell" or the "Company") today announced the retirement of Russell M. Gifford as Executive Vice President, Chief Financial Officer and Treasurer of the Company effective December 31, 2025, as well as the appointment of Philip F. Patman, Jr., Barnwell's current Executive Vice President - Finance, as Chief Financial Officer, Treasurer and principal financial officer of the Company as of December 31, 2025.","length":534,"tagName":"p"},{"type":"text","content":"The Board of Directors and management of the Company wish to thank Mr. Gifford for his many years of service. Mr. Gifford joined Barnwell in 1982 and has served as CFO since 1985.","length":179,"tagName":"p"},{"type":"text","content":"About Barnwell Industries, Inc.","length":31,"tagName":"p"},{"type":"text","content":"Barnwell Industries, Inc. (NYSE American:BRN) has been publicly traded since 1956 and has a long history of diversified operations across energy, water well drilling, and real estate. Today, Barnwell is strategically focused on expanding its oil and gas operations in the Twining Field near Calgary, Alberta, Canada. The Company remains committed to disciplined capital allocation, operational excellence, and driving long-term value for shareholders.","length":451,"tagName":"p"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":"text","content":"Certain information contained in this press release contains "forward-looking statements," within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current beliefs and expectations of our board and management team that involve risks, potential changes in circumstances, assumptions, and uncertainties, include various estimates, forecasts, projections of Barnwell's future performance, statements of Barnwell's plans and objectives. Forward-looking statements include phrases such as "expects," "anticipates," "intends," "plans," "believes," "predicts," "estimates," "assumes," "p...