Barnwell Industries, Inc. Announces Appointment of New Director
March 10 2022 - 4:47PM
Barnwell Industries, Inc. (NYSE American: BRN) today reported that
Mr. Francis J. Kelly has been appointed to the Board of Directors,
effective March 10, 2022.
Mr. Alexander C. Kinzler, Chief Executive
Officer of Barnwell, commented, “We are pleased to announce that on
March 10, 2022, the board of directors of Barnwell Industries, Inc.
appointed Mr. Francis J. Kelly to serve as a director on the board,
effective immediately. The board has determined that Mr. Kelly is
independent for the purposes of Section 803A of the NYSE American
Company Guide.
“Mr. Kelly’s background in investment banking
and the investment community gives him significant insight into
corporate operations, investment opportunities, commodities and
business issues facing the company, and his experience on numerous
boards as well as a policy advisor will bring significant
strategic, consensus-building and management skills to
Barnwell.
“Since 2021, Mr. Kelly has served as the
Managing Partner of Fulcrum Macro Advisors LLC, an advisory firm
that he founded which provides advice to clients as to the public
policy decision-making process and its impact on global markets.
Prior to founding Fulcrum Macro Advisors LLC, he served as Global
Coordinator for Government & Public Affairs and head of the
Direct Investment Advisory Group at Deutsche Bank. Mr. Kelly also
is an advisor to the Scowcroft Group, a global business advisory
firm with an emphasis on emerging markets, and Adjunct Professor at
The Catholic University School of Business, where he teaches
business intelligence, political risk, and strategic planning. Mr.
Kelly was previously a member of the Securities and Exchange
Commission Senior Staff, Senior Policy Advisor to the Chairman of
the SEC and Chief Spokesman for the Commission.”
Mr. Kelly commented, “I am honored and grateful
to have been elected to the Board of Directors of Barnwell
Industries, Inc. I look forward to bringing my 30 years working in
the capital markets, government, and regulatory world to bear as a
fiduciary for all Barnwell investors.”
Mr. Peter J. O’Malley, Chairman of the Board of
Directors, commented, “We are delighted that Frank has agreed to
join the Barnwell Board. We are confident that his strategic advice
and global experience will assist all shareholders.”
The 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. A forward-looking
statement is one which is based on current expectations of future
events or conditions and does not relate to historical or current
facts. These statements include various estimates, forecasts,
projections of Barnwell’s future performance, statements of
Barnwell’s plans and objectives, and other similar statements.
Forward-looking statements include phrases such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “predicts,”
“estimates,” “assumes,” “projects,” “may,” “will,” “will be,”
“should,” or similar expressions. Although Barnwell believes that
its current expectations are based on reasonable assumptions, it
cannot assure that the expectations contained in such
forward-looking statements will be achieved. Forward-looking
statements involve risks, uncertainties and assumptions which could
cause actual results to differ materially from those contained in
such statements. The risks, uncertainties and other factors that
might cause actual results to differ materially from Barnwell’s
expectations are set forth in the “Forward-Looking Statements,”
“Risk Factors” and other sections of Barnwell’s annual report on
Form 10-K for the last fiscal year and Barnwell’s other filings
with the Securities and Exchange Commission. Investors should not
place undue reliance on the forward-looking statements contained in
this press release, as they speak only as of the date of this press
release, and Barnwell expressly disclaims any obligation or
undertaking to publicly release any updates or revisions to any
forward-looking statements contained herein.
CONTACT: |
Alexander C.
Kinzler |
|
Chief Executive Officer and President |
|
|
|
Russell M. Gifford |
|
Executive Vice President and Chief Financial Officer |
|
1100 Alakea
Street, Suite 500 |
|
Honolulu, Hawaii 96813 |
|
Telephone (808) 531-8400 |
|
Fax (808) 531-7181 |
|
Website: www.brninc.com |
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