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Weatherford appoints new CFO

GENEVA, Switzerland -- Weatherford International Ltd. has appointed Mr. Krishna Shivram as executive V.P. and CFO. The company has also promoted Mr. Dharmesh Mehta to executive V.P. and COO.

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. 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 V.P. and Treasurer of Schlumberger Ltd. Shivram will report directly to Mr. Bernard J. Duroc-Danner, chairman, president, and CEO.

Dharmesh Mehta, age 47, has been named executive V.P. and COO. 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 V.P. and chief administrative officer, has enabled Weatherford to move forward towards a position of disciplined capital efficiency.

Mehta’s appointment comes as Weatherford' s current COO, Mr. Peter T. Fontana, age 66, retires from Weatherford, effective December 13, 2013.



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