PEDEVCO appoints Schick as CEO, Kukes becomes Exec Chairman; Crook named CCO

PEDEVCO CORP

Dr. Simon G. Kukes steps down as CEO effective Jan 1, 2025, becomes Executive Chairman.
J. Douglas Schick, current President, appointed CEO and to the board; base salary $350,000.
Jody Crook hired as Chief Commercial Officer starting Jan 1, 2025; salary $280,000 plus bonuses.
John Scelfo steps down as Chairman but remains independent director and committee chair.
Company cites zero debt, $250M credit facility, and clean balance sheet as foundation for growth.

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