Crescent Point Announces New President and CEO as Part of Transformation Plan

CALGARY, Alberta, May 29, 2018 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) and Mr. Scott Saxberg are pleased to announce that Mr. Craig Bryksa has taken over as interim President and Chief Executive Officer (“CEO”) of Crescent Point. As part of the transition, Mr. Bryksa has also replaced Mr. Saxberg on the Board as a Director of the Company.

The Board would like to express its gratitude to Mr. Saxberg, one of the founding members of Crescent Point, for his significant contributions to the Company since 2001. Under Mr. Saxberg’s leadership, Crescent Point has grown its production to over 180,000 boe/d and evolved into one of the largest independent light crude oil producers in North America. Mr. Saxberg’s vision and commitment since inception resulted in the Company controlling dominant positions within a high-quality asset base. Crescent Point’s operational success is built on an innovative culture with high employee satisfaction. The Company is also a leader in the community, and through its environmental initiatives, has achieved emissions intensity approximately 40 percent lower than its Canadian peers. Mr. Saxberg has received notable recognition over the years, including being named to Globe and Mail’s Top 40 Under 40, Producer of the Year in Oilweek magazine and Saskatchewan Oil Man of the Year.

Mr. Bryksa, formerly Vice President, Engineering West with Crescent Point, is a professional engineer with a deep knowledge and understanding of the Company’s asset base. Mr. Bryksa has been directly responsible for the operations of each of Crescent Point’s core areas throughout his 12 year history with the organization. Most recently, he was responsible for overseeing the operating activities for the Company’s Shaunavon, Uinta Basin, North Dakota, Viking, Swan Hills and other Alberta resource plays, including the East Shale Duvernay. During his time with Crescent Point, Mr. Bryksa has demonstrated strong leadership skills and has continually assumed increased responsibilities at the executive level.