BRN - Barnwell Industries Inc. Announces Planned CEO Succession | Benzinga
CEO Alexander Kinzler to Transition CEO Leadership to Barnwell of Canada President and COO Craig Hopkins
Transition Aligned with Company's New Focused Business Strategy
HONOLULU, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Barnwell Industries, Inc. (NYSE:BRN) ("Barnwell" or the "Company") is pleased to announce the CEO and President positions will transition from Alexander Kinzler to Craig Hopkins effective April 1, 2024. Mr. Kinzler has served as CEO of Barnwell since December 2016, having previously served in various senior leadership positions at the Company since December 1997, and having worked at the Company since 1984. Mr. Hopkins joined Barnwell affiliate Octavian Oil Ltd. ("Octavian") in February 2017, and Barnwell of Canada ("BOC") in July 2020, and currently serves as the President of Octavian and as BOC's President and Chief Operating Officer. Mr. Kinzler will support the leadership transition and will continue to contribute to Barnwell's success as General Counsel and Corporate Secretary. On April 1, 2024, Mr. Kinzler also will become Executive Chairman of the Company's Board of Directors. Mr. Kinzler currently owns 939,500 shares of Barnwell's common stock, representing approximately 9.2% of the Company's outstanding shares. Relatives of Mr. Kinzler's own approximately 4% of the Company's outstanding shares.
An engineer with close to 30 years of experience in project management, reservoir evaluation, infrastructure development, and energy production and operations, Mr. Hopkins is a proven leader with extensive energy company experience. Prior to joining Octavian and BOC, he held senior roles at energy companies of various sizes including Talisman Energy, Aspect Energy, Atlas Energy, and Crestar Energy. He started his career ...