Weatherford International Ltd.

EANS-Adhoc: Weatherford Names New Chief Financial Officer

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Personnel/Corporate Profiles
05.11.2013


Appoints New Chief Operating Officer as Current Operating Officer Retires 

GENEVA, Switzerland, Nov. 4, 2013 -- Weatherford International Ltd. (NYSE /
Euronext Paris / SIX: WFT) announces the appointment of Mr. Krishna Shivram as
Executive Vice President and Chief Financial Officer, and the promotion of Mr.
Dharmesh Mehta to Executive Vice President and Chief Operating Officer,
effective November 6, 2013. 

(Logo: http://photos.prnewswire.com/prnh/19990308/WEATHERFORDLOGO) 

Krishna Shivram, age 51, brings more than 25 years of financial and operational
management experience in the oilfield service industry, working for Schlumberger
Ltd in a variety of roles across the globe. Mr. Shivram, a Chartered Accountant,
has extensive proven execution capabilities in financial accounting, income tax
and treasury along with a strong background in corporate finance, mergers and
acquisitions as well as planning and analysis. Previously, he served as Vice
President and Treasurer of Schlumberger Ltd. Mr. Shivram will report directly to
Mr. Bernard J. Duroc-Danner, Chairman, President, and Chief Executive Officer. 

Dharmesh Mehta, age 47, has been named Executive Vice President and Chief
Operating Officer. His background in all aspects of Production Optimization and
Artificial Lift has helped build Weatherford's integrated Production portfolio
over the last decade. In addition, his recent financial and administrative
leadership in multifunctional areas, serving as Executive Vice President and
Chief Administrative Officer, has enabled Weatherford to move forward towards a
position of disciplined capital efficiency. Mr. Mehta's appointment comes as
Weatherford's current Chief Operating Officer, Mr. Peter T. Fontana, age 66,
retires from Weatherford, effective December 13, 2013. 

"Peter has been a true leader and trusted colleague whose considerable
experience and sound management direction has been essential in building a
strong operational foundation and a well-functioning operational team that will
continue to help guide Weatherford into its next chapter. We are grateful and
appreciative for all of Peter's valuable contributions over the years," said Mr.
Duroc-Danner. 

About Weatherford

Weatherford is one of the largest multinational oilfield service companies.
Weatherford's product and service portfolio spans the lifecycle of the well, and
includes formation evaluation, well construction, completion and production. The
Company provides innovative solutions, technology and services to the oil and
gas industry, and operates in over 100 countries employing more than 65,000
people worldwide.


Further inquiry note:
Contact:          Karen David-Green                        +1.713.836.7430
                  Vice President -Investor Relations

                  Wuen Fung Hor
                  Director - Corporate Marketing and
                   Communications                          +1.713.863.6303

end of announcement                               euro adhoc 
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issuer:      Weatherford International Ltd.
             Rue Jean-Francois Bartholoni 4-6
             CH-1204 Geneva
phone:       +41.22.816.1500
FAX:         +41.22.816.1599
mail:     karen.david-green@weatherford.com
WWW:      http://www.weatherford.com
sector:      Oil & Gas - Upstream activities
ISIN:        CH0038838394
indexes:     
stockmarkets: Main Standard: SIX Swiss Exchange, stock market: New York, Euronext
             Paris 
language:   English
 

 


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