Bernard J. Duroc-Danner, SPE, was appointed chairman emeritus by the Board of Directors of Weatherford. He founded the company 30 years ago and grew it into a leading oilfield service provider. In this honorary and advisory role to the Board, he will not receive any remuneration and will remain an external advisor. Duroc-Danner’s current appointment follows his departure from being chairman of the board, president, and CEO of Weatherford. Robert Rayne, vice chairman of the board, was appointed chairman of the board. Krishna Shivram, Weatherford’s chief financial officer (CFO), was appointed interim CEO, and will continue as CFO until a new CFO is named.
Don't miss out on the latest technology delivered to your email weekly. Sign up for the JPT newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.