BAAR, Switzerland, Dec. 15, 2016 /PRNewswire/ -- Weatherford
International plc (NYSE: WFT) announces the appointment of Mr.
Christoph Bausch as Executive Vice
President and Chief Financial Officer, effective December 13, 2016. Bringing many years of
financial and operational management experience, Mr. Bausch joined
the Company in May of 2016 as Vice President and Controller Product
Lines. Previous to his tenure at Weatherford, and since May
of 2011, he served as Executive Vice President and Chief Financial
officer of Archer Limited, an oilfield services company publicly
traded in Norway on the Oslo Stock
Exchange. Before his role at Archer Limited, Mr. Bausch served as a
Global Finance Director of Transocean, after having a 20-year
international career with Schlumberger, where he held senior
financial positions in global and regional capacities in the U.S.,
the U.A.E., France, Mexico, Venezuela and Germany across a number of business segments
covering operations, engineering, manufacturing and supply chain.
Mr. Bausch holds an M.B.A. degree ("Diplom Kaufmann") from
the University of Mannheim, Germany.
Also effective December 13, 2016,
Mr. Frederico Justus has been
promoted to the position of President – Regional Operations.
Mr. Justus joined Weatherford in 2010 and, since May 2015, was Vice President of the Middle East and Africa region. He has over 19 years of
oilfield experience across the entire services industry, which
includes managing multiple environments and product lines spanning
several countries. Mr. Justus is a mechanical and industrial
engineer with a degree from the Federal Technical University of
Parana, Brazil. His
appointment comes as Weatherford's current President – Regional
Operations, Mr. Antony J. Branch,
leaves the Company. Weatherford is grateful for Mr. Branch's
leadership and contributions over the years.
Both Mr. Bausch and Mr. Justus will report directly to the Chief
Executive Officer.
Commenting on the management appointments, Chief Executive
Officer, Mr. Krishna Shivram stated
"Christoph's previous experience as a public company CFO, his
financial expertise, depth of knowledge in the oil and gas industry
as well as leadership capabilities will further help strengthen our
focus on financial discipline, cash flow generation and improved
cost efficiencies. In addition, we are confident that
Frederico, in his new role of President – Regional Operations, with
his successful track record and many years of direct hands-on
experience will have a positive impact and help us reach our
objectives and build a stronger Company. The future is full
of opportunity for Weatherford, and I very much look forward to
working with both Christoph and Frederico to take our company to
the next level."
About Weatherford
Weatherford is one of the largest
multinational oilfield service companies providing innovative
solutions, technology and services to the oil and gas industry. The
Company operates in over 100 countries and has a network of
approximately 1,000 locations, including manufacturing, service,
research and development, and training facilities and employs
approximately 31,000 people. For more information, visit
www.weatherford.com and connect with Weatherford on Facebook,
LinkedIn, Twitter and YouTube.
Investor
Contact:
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Krishna
Shivram
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+1.713.836.4610
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Chief Executive
Officer
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Karen
David-Green
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+1.713.836.7430
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Vice President –
Investor Relations,
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Corporate Marketing
and Communications
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SOURCE Weatherford International plc