Shawn M. Canaday manages strategic planning, investor relations, procurement, treasury and tax functions
for the Denver-based E&P, soon to be acquired by Linn Energy Corp. The deal marks the first purchase of a public C-Corp by an upstream MLP or LLC.
During 10-year stint with Berry, he served as vice president and controller, interim chief financial officer, treasurer, and senior financial analyst. A CPA, Canaday was a senior auditor for Brown Armstrong Accountancy
Corp. before joining Berry. The California native began his career as an internal auditor and analyst for Chevron.
Accomplishments: Led the process for Berry’s first equity offering in 20 years and $1.4 billion of high-yield note offerings. Improved timeliness and usability of accounting information, going from 30-day to 10-business-day accounting close. In 2012, built out procurement function, allowing standardization at the corporate level and resulting
in $25 million in savings in 2012 capital program. Managed growth by building teams and adapting as company expanded from $300- to $500 million in market cap and 12,000 barrels a day of production to a $2.5-billion
market cap with 40,000 barrels per day. Holds MS in finance and MBA from Golden Gate University, and BS in business administration/accounting from California State University, Fresno.
On managing growth: “Having the team change as the organization changes is one of the biggest challenges.”
Goal: “Long term, to be in a position where I can help drive significant value, whether at a public or private company.”
Oil and Gas Investor is accepting nominations for the next installment in its 20 Under 40 series. Please submit nominations online at oilandgasinvestor.com/20under40, or email submissions to associate editor Caroline Evans, cevans@hartenergy.com.
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