Greenfire Resources Announces Management Changes

Rhea-AI Summary

Greenfire Resources (NYSE: GFR) announced significant management changes with the appointment of Travis Belak as Vice President, Finance, replacing departing CFO Tony Kraljic. Belak brings 15 years of upstream oil and gas experience and will report directly to President Colin Germaniuk.

The company also appointed three new vice presidents: Mark Andreas as VP Development, Gord Trainor as VP Geosciences, and Jeremie Batias as VP Reservoir Engineering. All appointees bring extensive SAGD (Steam-Assisted Gravity Drainage) experience and are registered professionals with the Association of Professional Engineers and Geoscientists of Alberta.

Positive

• None.

Negative

• Departure of Chief Financial Officer Tony Kraljic indicates potential disruption in financial leadership

News Market Reaction

-2.64%

1 alert

-2.64% News Effect

On the day this news was published, GFR declined 2.64%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Calgary, Alberta--(Newsfile Corp. - August 7, 2025) - Greenfire Resources Ltd. (NYSE: GFR) (TSX: GFR) ("Greenfire" or the "Company") today announced the appointment of Travis Belak as Vice President, Finance. Mr. Belak brings approximately 15 years of experience in upstream oil and gas financial reporting, corporate planning, tax, and treasury. He was most recently Corporate Controller at HWN Energy. In his new role, Mr. Belak will be Greenfire's most senior financial professional, reporting directly to Colin Germaniuk, President. He succeeds Tony Kraljic, who departed from his role as Chief Financial Officer. The Company thanks Mr. Kraljic for his contribution to Greenfire.

In addition, the Company is also pleased to announce that Mark Andreas has been appointed Vice President, Development, Gord Trainor has been appointed Vice President, Geosciences and Jeremie Batias has been appointed Vice President, Reservoir Engineering. All three individuals bring demonstrated track records of technical capability and leadership to their new roles.

Mr. Andreas has over 15 years of experience in oil and gas, including 12 years spent in SAGD at MEG Energy. He received his Bachelor of Science in Engineering at the University of Saskatchewan and is a registered professional engineer with the Association of Professional Engineers and Geoscientists of Alberta.

Mr. Trainor has over 25 years of experience in the oil and gas industry, with the most recent 15 years spent in SAGD, including as the Chief Operating Officer at Conacher Oil and Gas from 2019-2024. He received his Bachelor of Science from Brock University and is a registered professional geologist with the Association of Professional Engineers and Geoscientists of Alberta.

Mr. Batias has over 20 years of experience in oil and gas, including 12 years spent in SAGD, primarily at Total Energies and ConocoPhillips. He received his Masters in Engineering and Fluid Mechanics at Grenoble INP - UGA and is a registered professional engineer with the Association of Professional Engineers and Geoscientists of Alberta.

About Greenfire

Greenfire is an oil sands producer actively developing its long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada, with its registered offices in Calgary, Alberta. The Company plans to leverage its large resource base and significant infrastructure in place to drive meaningful, capital-efficient production growth. Greenfire common shares are listed on the New York Stock Exchange and Toronto Stock Exchange under the trading symbol "GFR". For more information, visit greenfireres.com.

Contact Information

205 5th Avenue SW
Suite 1900
Calgary, AB T2P 2V7
investors@greenfireres.com
greenfireres.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261610

FAQ

Who is the new VP of Finance at Greenfire Resources (NYSE: GFR)?

Travis Belak has been appointed as Vice President, Finance at Greenfire Resources. He brings 15 years of experience in upstream oil and gas financial reporting and was previously Corporate Controller at HWN Energy.

What management changes did Greenfire Resources (GFR) announce in August 2025?

Greenfire announced four key appointments: Travis Belak as VP Finance, Mark Andreas as VP Development, Gord Trainor as VP Geosciences, and Jeremie Batias as VP Reservoir Engineering. The company also announced the departure of CFO Tony Kraljic.

What experience does Mark Andreas bring to Greenfire Resources as VP Development?

Mark Andreas brings over 15 years of oil and gas experience, including 12 years in SAGD at MEG Energy. He holds a Bachelor of Science in Engineering from the University of Saskatchewan.

Who replaced Tony Kraljic at Greenfire Resources?

Travis Belak replaced Tony Kraljic, who departed from his role as Chief Financial Officer. Belak will serve as VP Finance and will be Greenfire's most senior financial professional, reporting to President Colin Germaniuk.

What is the professional background of Greenfire's new VP Geosciences?

Gord Trainor, the new VP Geosciences, has over 25 years of oil and gas industry experience, including 15 years in SAGD operations. He previously served as Chief Operating Officer at Conacher Oil and Gas from 2019-2024.