Halliburton names new CFO

U.S. Oilfield services giant Halliburton has appointed Lance Loeffler as its Chief Financial Officer.

Loeffler, who has previously served as Halliburton’s vice president of Investor Relations, will lead the company’s financial functions, including financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development, and investor relations.

“We believe Lance’s financial expertise, along with his knowledge of Halliburton and experience with the investment community, makes him best suited to lead our financial strategy and outstanding Finance organization,” said Jeff Miller, President and CEO.

“Lance understands our returns-focused strategy, has a strong relationship with our executive management team and will have an immediate impact as he transitions into his new role.”

Halliburton said that Chris Weber “is leaving the company to pursue other opportunities.”

Webber joined Halliburton in June 2017 from Parker Drilling, a global provider of drilling services and rental tools, where he served for four years as senior vice president and CFO.

“We sincerely thank Chris for his contributions to Halliburton and wish him well in the future,” Halliburton CEO said.

As for the new CFO, Lance Loeffler, he joined Halliburton in 2014. He served as vice president of Corporate Development for two years before assuming leadership of Investor Relations.

Before joining Halliburton, he held director positions at Deutsche Bank Securities, Inc. and UBS Investment Bank where he focused on the firms’ oil and gas clients. Loeffler holds an MBA with concentrations in finance and accounting and a bachelor’s degree in finance from the McCombs School of Business at the University of Texas at Austin.