Callon Petroleum Company announced that Matthew R. Bob has been named Chair of the Board of Directors and James ("Jim") Craddock has been elected as a new member of the Board by the shareholders of the Company. Mr. Bob's appointment follows the retirement of former Chair L. Richard Flury and reflects the ongoing refreshment and succession planning efforts of the Board. Mr. Bob has served on the Callon Board since 2014.

He recently retired as President of Eagle Oil & Gas Co., an independent oil and gas company with operations in Texas. A registered geoscientist, he is also the founder and managing member of MB Exploration, LLC. Mr. Bob previously served as a director of Southcross Energy Partners, prior to its acquisition by Targa Resources Corp.

Mr. Craddock has over three decades of oil and gas operations and management experience, including serving as Chair and Chief Executive Officer of Rosetta Resources Inc. and in positions of increasing responsibility over a 20-year career at Burlington Resources Inc. He currently serves as a director of Amplify Energy Corp. and Crescent Point Energy Corp. and previously served as a director of Civitas Resources Inc., Noble Energy Inc. and Templar Energy LLC.

Following the Company's annual meeting of shareholders, the Callon Board is now comprised of eight directors. The Board has appointed Frances Aldrich Sevilla-Sacasa, Barbara Faulkenberry, Anthony Nocchiero and Mary Shafer-Malicki as committee chairs.