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Weatherford International Appoints Mr Fraser as Interim CFO and Mr Garcia as CFO

Gasoil News - Published on Mon, 18 Nov 2019

Image Source: weatherford.
Weatherford International plc announced that Christoph Bausch will step down as Executive Vice President and Chief Financial Officer effective November 14, 2019 to pursue other opportunities. He will remain with the company through November 30, 2019 to transition his responsibilities. Stuart Fraser, Vice President and Chief Accounting Officer, will serve as the interim Chief Financial Officer from November 14, 2019 until January 6, 2020, when the new Chief Financial Officer will begin. Mr Fraser joined Weatherford in 2015 and has served in various senior financial roles including Vice President and Corporate Controller and Vice President of Finance and Purchasing, Sourcing and Logistics. Prior to joining Weatherford, he served a 19-year career with Schlumberger Ltd, where he held senior financial positions in global and regional capacities in the US, France, Angola, Malaysia, and Indonesia across a number of business segments covering operations, internal audit, taxation, supply chain, and transformation. Stuart is a Chartered Accountant and holds a Bachelor of Business degree from the Edith Cowan University in Australia.

Weatherford International plc also announced that Christian Garcia has been appointed Executive Vice President and Chief Financial Officer, effective January 6, 2020. Christian has more than 30 years of financial experience and has held leadership roles in the oilfield services, automotive electronics, software and consulting, and business equipment industries. Christian recently served as Executive Vice President and Chief Financial Officer at Visteon Corporation, a leader in automotive cockpit electronics, and served as a board member of Keane Group, a pure-play provider of integrated well completions. Prior to these roles, he served as acting Chief Financial Officer of Halliburton, an oilfield services company, where he held a variety of leadership positions of increasing responsibility. Christian has been consistently selected to the All-America Executive Team by Institutional Investor magazine in the Investor Relations and CFO categories.

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Posted By : Yogender Pancholi on Mon, 18 Nov 2019
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