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Weatherford Names New CEO

Weatherford appointed Girish K. Saligram president and CEO. He previously served as chief operating officer at Exterran Corp. He will also serve on the company’s board of directors.

Upon Saligram's appointment effective 12 October, Karl Blanchard, Interim CEO, will resume his role as executive vice president and chief operating officer. Mark A. McCollum, the previous president and CEO, left the company in June.

Saligram joined Exterran as president, global services in 2016. Prior to Exterran he spent 20 years with GE in positions of increasing responsibility as a functional and business leader in industry sectors across the globe, including his last position as general manager, downstream products and services, for GE Oil & Gas. Prior to that, Saligram led the GE Oil & Gas contractual services business based in Florence, Italy. Before his 8 years in the oil and gas sector, he spent 12 years with GE Healthcare in engineering, services, operations, and other commercial roles.

Charles M. Sledge, chairman of the board of directors, said, "We are delighted to welcome Girish as our new CEO and member of our board. Girish is a seasoned leader with extensive international experience across multiple industries as well as a deep understanding of the oil and gas sector and is well-positioned to lead Weatherford into the future. For more than 25 years, Girish has dedicated his career to uniting technology innovation and operational excellence to deliver exceptional results that have advanced the growth strategies for some of the world's leading companies. We are confident that Girish possesses the leadership qualities, business expertise and fresh perspective that will continue to strengthen the organization and deliver long-term value for all of our shareholders."

Weatherford Names New CEO

11 September 2020

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