All Blacks crush Wallabies in Rugby Championship opener Venezuela&#039s previous top prosecutor is in Colombia, authorities say The Solution Of The Mysterious RINGING Rocks Venezuela&#039s new chief prosecutor vows to jail protest leaders SCIENCE! What is the Rarest Valuable Metallic? Former Olympic winner Sanchez fails doping check Buffett&#039s Berkshire Hathaway will not raise its Oncor offer THE SCIENCE OF Appreciate 4 years with out Significant Ben&#039s bongs? It can&#039t be right, claims United kingdom PM Might Bombardier applies for judicial assessment towards Metrolinx The Science of Six Levels of Separation Brazil&#039s JBS maintains ideas for IPO of US device UN suggests Cyprus mediator quits to go after political profession in Norway Maharashtra Board-English-tenth Standard-Science-School of Features Barclays closures increase to toll of vanishing British bank branches Asian shares bounce soon after losses, greenback sags on weak US CPI Science – Kids’ Poems and Tales With Michael Rosen Merkel rival Schulz claims executives endangering German auto business Despite absence of evidence on gains, area desire for coconut oil demonstrates no indicators of abating ✓Amazing Science Undertaking Science Experiments for Young ones!! Dalai Lama cancels Botswana visit “thanks to exhaustion” Colorado disc jockey&#039s accommodate in opposition to Taylor Swift dismissed Faculty Science Fair Elsa, Aurora, Moana, Maui, Skip Behave and Hans from Completely Tv set. What to appear out for at Epicurean Current market 2017 at Marina Bay Sands Expo Argentina&#039s Fernandez sales opportunities Buenos Aires Senate race -poll Drive and Force | Class 8th Science-Physics | NCERT | CBSE Syllabus | Live Video clips Microsoft unveils engineering to velocity up blockchain and its adoption Oil charges edge increased after US stockpile slide Gaster The Science Guy [Extremely Old, REMAKING] NDP 2017: A clearly show of technology, armed service might and splendour Lifestyle among the the graves of Carreta cemetery ten Wonderful Experiments You Can Do At Home Pakistani law enforcement eliminate militants in Lahore following bomb kills 1 China claims keen to pay out the price for new North Korea sanctions My Science Project 1985 Suu Kyi touts peace initiatives in go to to Myanmar heartland Primatologist Jane Goodall delivers speak at Mediacorp Method Of A Down – Science #ten China claims 6-occasion talks resumption not quick, but in the correct path Commentary: Hong Kong, a cautionary tale for Singapore, a lesson for the upcoming CBSE Course two Science : Environment of Vegetation | Course two Science CBSE Faculty Syllabus Videos | NCERT Mauritania votes in contentious referendum to bolster president&#039s electricity Bolt can take centre stage in a hundred metres gold bid INCUBUS – S.C.I.E.N.C.E. [Total ALBUM]-(HQ) New Pakistan PM needs probe of harassment accusations versus opposition&#039s Imran Khan Golfing – NBA&#039s Curry shoots 74 in strong spherical from experts Are There Useless Wasps In Figs? | Gross Science Massage stores in Jalan Besar spot raided, six ladies arrested Athletics – De Grasse out of the Globe Championships with injury Nationwide Geographic: The Science of Anxiety Apple rally seems set to electricity Dow over and above 22,000 Commentary: Enabling themselves to be conned? Why superstitious victims tumble prey to frauds Science and Faith EU Commission extends overview of Bayer-Monsanto offer until finally August 22 Commentary: Widening hole, fewer flashes of relationship, with US vacation ban on North Korea Can a Lightsaber Block Bullets? (For the reason that Science w/ Kyle Hill) J&J arthritis drug sirukumab raises protection fears: Fda team Isner edges Harrison in all-American Atlanta last Going for walks H2o Quick Children Science Experiments Japan PM&#039s occasion avoids uncomfortable defeat with gain in Yokohama Hoffman costs to 1 stroke guide at Canadian Open Microorganisms Friend and Foe | Class eighth Science-Biology | NCERT | CBSE Syllabus | Reside Films Pakistan to appoint Abbasi as interim PM – resources Sprint proposes merger with Constitution Communications: Wall Street Journal Science of Interstellar Newest Discovery Documentary High definition Cook dinner misses ton but Stokes normally takes struggle to South Africa California presents Volkswagen inexperienced mild for cleanse vehicle infrastructure approach The Science of Christianity Twitter shares tumble on weaker-than-predicted user development OCBC Q2 internet revenue up 22% to S$1.08b Driving The Scenes (The Science of AsapSCIENCE!) AHTC lawsuit an chance for WP MPs to demonstrate their facet of story: Sylvia Lim, Pritam Singh Fairy tales prevail over nightmares at South Korea’s militarised border city The Science of Pondering McDonald&#039s US identical-cafe revenue conquer estimates Commentary: Elimination of increasing political star reveals murky character of Chinese elite politics Cryptography: The Science of Earning and Breaking Codes Samsung Bioepis launches US sales of Remicade biosmiliar Donald Trump Jr. provides to lawful group – ABC News God Science and Neil deGrasse Tyson | Acceptable Religion Movie Podcast Iran and Iraq indication accord to enhance armed service cooperation Sturdy force for Southeast Asian films at New York Asian Movie Festival Wing Chun – The Science of Self Defence Philippine Congress agrees to prolong Mindanao martial legislation to end of year The more successful Singapore is, the harder it is to attract political talent: Chan Chun Sing Best ten Science Fiction Films of All Time German automakers might have colluded more than diesel emissions treatment programs: Spiegel Rohingya nonetheless staying smuggled into Malaysia inspite of ongoing crackdown Science breaks down Floyd Mayweather v Conor McGregor Abbott&#039s quarterly financial gain halves as fees soar US law enforcement could have feared ambush in shooting Australian: Lawyer New Year Science OF Stupid Hindi High definition NHG polyclinics offer 24/seven locker services to decide on up medicine from seven-Eleven suppliers Commentary: How firms should really fend off attacks from activist investors Summertime Science! – This Week in Science Podcast (TWIS) – Episode 624 Olympic winner Weertman wins 10k gold at Budapest worlds Commentary: The age-previous query about university rankings Evidence Batman Kills, A Large amount! | The SCIENCE!… of Batman Full speech: Vivian Balakrishnan highlights ideas underpinning Singapore&#039s diplomacy Commentary: Do airlines have a obligation of treatment to travellers throughout flight delays?

Halliburton CEO to retire next month, be replaced by Jeff Miller

About

Related eBooks


Halliburton Co said on Wednesday that Chief Executive Officer Dave Lesar will retire on June 1 and be replaced by Jeff Miller, Lesar’s longtime deputy and fellow board member.

Dave Lesar, Chairman and Chief Executive Officer of Halliburton speaks to CNBC on the floor of the New York Stock Exchange shortly after the opening bell in New York November 18, 2014. REUTERS/Lucas Jackson

HOUSTON: Halliburton Co said on Wednesday that Chief Executive Officer Dave Lesar will retire on June 1 and be replaced by Jeff Miller, Lesar’s longtime deputy and fellow board member.

Lesar will stay on as executive chairman of the world’s second-largest oilfield service provider until December 2018, when he reaches the company’s mandatory retirement age of 65.

The transition, which was expected, comes as Halliburton tries to recover from a two-year oil price downturn that has eroded profit margins and forced the company to lay off thousands of workers.

Miller, 53, has a reputation inside Halliburton for working well with customers and employees, and for leading successful projects, according to former and current employees.

Miller’s first task will be renegotiating contracts with oil producers, convincing them to pay more for Halliburton’s pressure pumping and other services.

The company, whose revenues plunged 33 percent last year to US$15.9 billion, and its peers have warned since January that higher prices are needed to help provide the labor and parts needed to fuel the oil industry’s nascent recovery.

Halliburton, with headquarters in Houston and Dubai, signaled last month that demand is rising, especially in North America’s shale oil patch. But the company has yet to be able to raise costs measurably, denting profit.

“I look forward to leading our organization as we continue to collaborate and engineer solutions to maximize asset value for our customers,” Miller said in a statement.

Lesar, who became CEO after predecessor Dick Cheney was nominated to be U.S. vice president in 2000, will step back from day-to-day company management but still be involved in talks with customers and shareholders.

Lesar signed a new employment contract with the company through the end of next year that will prohibit him from working for peers for another four-year period.

“I have known and worked with Jeff for almost 30 years and have great confidence that he is the best choice to be the next Halliburton CEO,” Lesar said in a statement.

A Dallas native, Miller joined Halliburton in 1997. Like Lesar, he is an accountant by training.

He assumes the top role after Halliburton lost its long-time chief financial officer, Mark McCollum, who left in March to become CEO at rival Weatherford International Plc .

Lesar’s unusually long tenure at the company was marked by growth but also controversy. The company came under withering criticism for its flawed work on BP’s Deepwater Horizon drilling rig before it exploded in 2010, causing the Gulf of Mexico oil spill. Halliburton was also the subject of a Foreign Corrupt Practices Act investigation for work in Nigeria.

Shares of Halliburton have dropped 14 percent so far this year, closing Wednesday at US$46.34 per share.

(Reporting by Ernest Scheyder; Editing by Leslie Adler)



Source link
NEWSFEEDCNA

Leave a Reply

Your email address will not be published. Required fields are marked *

03dtv.com