Attached files
file | filename |
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8-K - FORM 8-K - Weatherford International Ltd./Switzerland | h74000e8vk.htm |
EX-3.1 - EX-3.1 - Weatherford International Ltd./Switzerland | h74000exv3w1.htm |
Exhibit 99.1
News Release |
Weatherford Elects Three New Members to Board of Directors
and Expands Board to Ten Directors
and Expands Board to Ten Directors
GENEVA, SWITZERLAND, June 23, 2010 Weatherford International Ltd. (NYSE: WFT) announced
today that shareholders elected three new directors at the companys annual shareholder meeting:
Dr. Samuel W. Bodman, III; Dr. Guillermo Ortiz; and Sir Emyr Jones Parry. Their appointments are
effective today and mark the first time the company has added new directors since 2004. As a result
of the election, the board of directors has been expanded to include ten members.
The three newly elected individuals bring with them extensive business experience, industry
knowledge and public service, as well as a seasoned global business perspective.
Dr. Bodman served as the United States Secretary of Energy from January 2005 to January 2009, the
Deputy Secretary of the Treasury from February 2004 to January 2005 and the Deputy Secretary of
Commerce from June 2001 to February 2004. Prior to this time, Dr. Bodman was Chairman, Chief
Executive Officer and a Director of Cabot Corporation, a global producer of specialty chemicals and
materials. Dr. Bodman received a B.S. in Chemical Engineering from Cornell University and Sc.D.
from the Massachusetts Institute of Technology.
Dr. Ortiz served as Governor of the Central Bank of Mexico from 1998 to 2009 and as Chairman of the
Board of the Bank for International Settlements in 2009. He previously served as Secretary of
Finance and Public Credit in Mexico from 1994 to 1998 and was also Executive Director at the
International Monetary Fund. Dr. Ortiz holds a B.A. in Economics from the National Autonomous
University of Mexico and both a M.Sc. and Ph.D. in Economics from Stanford University.
Sir Emyr has been the President of the University of Aberystwyth, located in Wales, since 2008,
Chairman of the All Wales Convention, a body established by the Welsh Assembly Government to review
Wales constitutional arrangements, since 2007, Chairman of the Advisory Council of the Open
University Business School since 2008, and Chairman of Redress, a human rights organization. Sir
Emyr previously held numerous international diplomatic positions with the UK Foreign Office,
including UK Permanent Representative to the United Nations from 2003 to 2007 and UK Ambassador to
NATO from 2001 to 2003, after specializing in European Union affairs, including energy policy. Sir
Emyr received a B.S. in Theoretical Physics from the University of Cardiff and a Ph.D. in Polymer
Physics from the University of Cambridge.
Also re-elected to the board were Dr. Bernard J. Duroc-Danner, Nicholas F. Brady, David J. Butters,
William E. Macaulay, Robert B. Millard, Robert K. Moses and the Honorable Robert A. Rayne.
Weatherford is a Swiss-based, multi-national oilfield service company. It is one of the largest
global providers of innovative mechanical solutions, technology and services for the drilling and
production sectors of the oil and gas industry. Weatherford operates in over 100 countries and
employs over 52,000 people worldwide.
###
Contacts:
|
Andrew P. Becnel Chief Financial Officer |
+41.22.816.1502 | ||
Karen David-Green Vice President Investor Relations |
+1.713.693.2530 |