Weatherford: Mark McCollum Steps Down as CEO
Weatherford International plc today announced that Mark A. McCollum, President, Chief Executive Officer and a director, has left the Company, effectively immediately. Karl Blanchard, Executive Vice President and Chief Operating Officer, and Christian Garcia, Executive Vice President and Chief Financial Officer, will form the Office of the Chief Executive, reporting …
Weatherford: Sells Surface Logging to Excellence Logging for $50 million in Cash
Weatherford International plc today announced it has signed a definitive agreement to sell its surface data logging business to Excellence Logging for $50 million in cash. As part of the agreement, Weatherford will sell all of its surface data logging equipment, technology and associated contracts and will transfer the related personnel to …
Weatherford: Sells Laboratory Services Business to CSL Capital Management for $205m in Cash
Weatherford International plc today announced it has signed a definitive agreement to sell its laboratory services business to a group led by CSL Capital Management, L.P. for $205 million in cash. Under the agreement, Weatherford will divest its laboratory and geological analysis business, including personnel and associated contracts. After exiting the laboratory business, Weatherford will …
Weatherford: Mark McCollum Appointed as President, CEO and Director
Weatherford International plc announced today that after a full and diligent search process, the Board has appointed Mr. Mark McCollum as President and Chief Executive Officer, as well as a member of the Board of Directors, with an effective start date in late April 2017. Mr. McCollum is a proven …