Weatherford: Bernard Duroc-Danner Appointed Chairman Emeritus

The Board of Directors of Weatherford International plc, in recognition and appreciation of outstanding vision and years of service, has named Dr. Bernard Duroc-Danner as Chairman Emeritus. In this honorary and advisory role to the Board of Directors, Dr. Duroc-Danner will not receive any remuneration for his role and will remain an external advisor.

After founding the Company almost 30 years ago and growing Weatherford into one of the leading oilfield service providers today, the Board owes much gratitude to Bernard for his vision and leadership. Commenting on the appointment, Mr. Robert Rayne, Chairman of the Board, said “Given Bernard’s deep and unique knowledge of Weatherford, his established and long-term customer relationships as well as his vast industry and business experience, his new role will help provide continuity and facilitate a smooth leadership transition. We believe this designation is beneficial to Weatherford as we collectively move forward. On behalf of myself and the Board of Directors, we would like to personally thank Bernard for his continued support and commitment.”