HOUSTON, May 16, 2022
/PRNewswire/ -- Weatherford International plc (NASDAQ: WFRD)
("Weatherford" or the "Company")
announced today that H. Keith
Jennings, Executive Vice President and Chief Financial
Officer, will leave the Company effective July 31, 2022. His leaving the Company is not the
result of any dispute or disagreement regarding the Company's
accounting or financial practices, statements, conditions, or
operations.
Girish Saligram, President and
Chief Executive Officer, commented, "Keith's commitment and
leadership to the Company over the past two years helped
Weatherford return to a major
public exchange, improved and stabilized the capital structure
while also making significant contributions to strengthen the
Company's operating profile. I want to personally thank Keith for
his dedication and partnership on this journey and wish him the
very best. As demonstrated by our first quarter 2022 results, our
operating performance continues to improve, and the Company has a
bright future ahead."
H. Keith Jennings, Executive Vice
President and Chief Financial Officer, commented, "Since joining
the Company, I have witnessed the start of a powerful turnaround,
which is evidenced by our financial performance. I have confidence
in the direction of the Company and leadership, and our global
team's abilities to continue building the new Weatherford and will be cheering them on as
they move forward."
The Company has initiated a search for a replacement and is
working with an executive search firm to assist in the process.
About Weatherford
Weatherford is a leading global energy
services company. Operating in approximately 75 countries, the
Company answers the challenges of the energy industry with its
global talent network of approximately 17,000 team members and
approximately 350 operating locations, including manufacturing,
research and development, service, and training facilities.
Contacts
For Investors:
Mohammed
Topiwala
Director, Investor Relations and M&A
+1 713-836-7777
investor.relations@weatherford.com
For Media:
Kelley
Hughes
Director, Global Communications
+1 713-836-4193
media@weatherford.com
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SOURCE Weatherford International plc