Halliburton Names William E. Albrecht to Board of Directors and Declares Dividend
July 14 2016 - 6:00PM
Business Wire
Halliburton (NYSE: HAL) announced today that William E. Albrecht
has been named to the company’s board of directors. The appointment
was effective July 12, 2016, and Albrecht will stand for election
by stockholders at the annual meeting in May 2017.
Albrecht currently serves as Non-Executive Chairman of the Board
of California Resources Corporation. He was Executive Chairman of
California Resources from 2014 to 2016. He also serves on the board
of the Rowan Companies.
Albrecht has more than 35 years of experience in the domestic
oil and gas industry. He previously served as Vice President of
Occidental Petroleum Corporation from 2008 to 2014 and as
President, Oxy Oil & Gas, Americas from 2012 to 2014. He also
served as President - Oxy Oil & Gas, USA from 2008 to 2012.
Albrecht holds a Master of Science degree from the University of
Southern California and a Bachelor of Science degree from the
United States Military Academy.
“Bill brings a wealth of oil and gas knowledge to the
Halliburton board,” said Dave Lesar, Halliburton chairman and CEO.
“His leadership and experience in the energy industry will be
extremely beneficial to Halliburton as we strengthen and grow our
worldwide operations.”
Albrecht joins current Halliburton board members Abdulaziz F. Al
Khayyal, Alan M. Bennett, James R. Boyd, Milton Carroll, Nance K.
Dicciani, Murry S. Gerber, José C. Grubisich, David J. Lesar,
Robert A. Malone, J. Landis Martin, Jeffrey A. Miller and Debra L.
Reed.
The board also declared a 2016 third quarter dividend of
eighteen cents ($0.18) a share on the company’s common stock
payable September 28, 2016, to stockholders of record at the close
of business on September 7, 2016.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
over 50,000 employees, representing 140 nationalities and
operations in approximately 70 countries, the company serves the
upstream oil and gas industry throughout the lifecycle of the
reservoir - from locating hydrocarbons and managing geological
data, to drilling and formation evaluation, well construction and
completion, and optimizing production through the life of the
field. Visit the company’s website at www.halliburton.com. Connect
with Halliburton
on Facebook, Twitter, LinkedIn, and
YouTube.
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