OFS Company Weatherford Gets Third New CEO in 3 Years

In June, Weatherford International, the world’s fourth-largest oilfield services (OFS) company, announced that its CEO, Mark McCollum, had suddenly “left” the company (see Weatherford CEO Out Days Before Annual Meeting – 2nd Bankruptcy?). McCollum was previously the CFO of Halliburton, lured away in June 2017 to run Weatherford (see Halliburton Hires New CFO After Old CFO Left to Run Weatherford). McCollum was the second CEO over the past three years. We now have a third new CEO: Girish Saligram.