Barnwell Industries Appoints New Executive Vice President of Finance

Barnwell Industries, Inc. announced the appointment of Philip F. Patman, Jr. as the Executive Vice President of Finance, effective October 27, 2025. Mr. Patman is expected to succeed Russell Gifford, the current Chief Financial Officer, who plans to retire by the end of 2025. The Board of Directors also increased the number of authorized directors from four to five and appointed Mr. Patman as a new member. Mr. Patman brings extensive experience from senior positions at various companies, including Pantheon Resources plc and VAALCO Energy. His compensation includes an annual base salary of $315,000, equity awards, and eligibility for annual bonuses. The company also entered into an executive employment agreement with Mr. Patman, detailing his compensation and benefits.