Weatherford Announces Director Nominees And Annual Meeting Agenda
Weatherford International Ltd. (NYSE / Euronext Paris / SIX: WFT) today announces its director nominees for 2013 and informs its shareholders of the agenda for the 2013 Annual General Meeting.
Weatherford has nominated two new directors this year: Mr. John D. Gass and Mr. Francis S. Kalman. Mr. Gass is a retired Vice President of Chevron Corporation, having spent 38 years in positions of increasing responsibility at Chevron in engineering, operations and executive management. Mr. Kalman is retired from McDermott International, where he served as Executive Vice President and Chief Financial Officer. He formerly served as an executive and as a chief financial officer of several other companies and has served on several corporate boards, including chairing the audit committee. If elected, Mr. Kalman will serve as Vice Chairman of Weatherford’s Audit Committee.
Weatherford’s current directors also will be nominated for reelection, except for Dr. Samuel W. Bodman, III, who is retiring and has declined to stand for reelection for personal reasons. Weatherford expresses its deep gratitude to Dr. Bodman for his service to the company.
Weatherford’s 2013 Annual General Meeting will be held on June 20, 2013 at 9:00 a.m. at the Mandarin Oriental Hotel, Quai Turrettini 1, 1201 Geneva, Switzerland, for the following purposes:
1. Approve the 2012 Annual Report, the Consolidated Financial Statements for fiscal year 2012 and the Statutory Financial Statements of Weatherford International Ltd. for fiscal year 2012.
2. Discharge the Board of Directors and executive officers from liability under Swiss law for the year ended December 31, 2012.
3. Elect the following nominees as directors to hold office until the 2014 Annual General Meeting: Dr. Bernard J. Duroc-Danner, Mr. Nicholas F. Brady, Mr. David J. Butters, Mr. John D. Gass, Mr. Francis S. Kalman, Mr. William E. Macaulay, Mr. Robert K. Moses, Jr., Dr. Guillermo Ortiz, Sir Emyr Jones Parry and Mr. Robert A. Rayne.
4. Ratify the appointment of KPMG LLP as Weatherford International Ltd.’s independent registered public accounting firm and elect KPMG AG as Weatherford International Ltd.’s statutory auditor for the year ending December 31, 2013.
5. Approve amendments to Weatherford International Ltd.’s Articles of Association to authorize issuable authorized share capital in an amount equal to 18.22 % of current stated capital and grant an authorization of the Board of Directors to issue shares from authorized share capital for the period from June 20, 2013 to June 20, 2015.
6. Adopt an advisory resolution approving the compensation of the named executive officers.
7. Any other matters that may properly come before the meeting.
Weatherford International Ltd. has established the close of business on May 30, 2013 as the record date for determining the registered shareholders entitled to attend, vote or grant proxies to vote at the meeting or any adjournments or postponements of the meeting.
