Thursday, September 12, 2013

Morning Movers: Weatherford Falls 6% on CFO’s Departure $WFT

Morning Movers: Weatherford Falls 6% on CFO’s Departure $WFT

The Company believes Mr. Briscoe's work has helped position it well for the future. Mr. Briscoe will continue to support Weatherford in a consulting capacity. We are in the process of recruiting a successor to Mr. Briscoe, and intend to name a successor in short order.
The Company's three financial officers, who have been instrumental in the financial leadership of the Company, shall continue in their respective roles and include: Doug M. Mills, Vice President and Chief Accounting Officer, James C. Parent, Vice President-Tax, and Jennifer L. Presnall, Vice President-Internal Audit. They will report in the interim to Dharmesh Mehta, Executive Vice President and Chief Administrative Officer, who continues to have overall responsibility for all administrative support functions, including finance, tax, treasury, legal, information technology and supply chain.

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