Weatherford Makes Management Changes
Weatherford International has appointed Christian Garcia as executive vice president and chief financial officer, effective January 06, 2020.
He will take over from Christoph Bausch who will step down as executive vice president and chief financial officer on November 14, 2019 to pursue other opportunities. He will remain with the company through November 30, 2019 to transition his responsibilities.
Stuart Fraser, vice president and chief accounting officer, will serve as the interim chief financial officer from November 14, 2019 until January 06, 2020.
Christian has more than 30 years of financial experience and has held leadership roles in the oilfield services, automotive electronics, software and consulting, and business equipment industries.
Christian recently served as executive vice president and chief financial officer at Visteon Corporation, and served as a board member of Keane Group. Prior to these roles, he served as acting chief financial officer of Halliburton, where he held a variety of leadership positions of increasing responsibility.
Mark A. McCollum, president and chief executive officer for Weatherford, said, “Christian brings extensive oilfield services experience and his professionalism and leadership are respected throughout our industry. As we look to the future, we are delighted that he will be part of the executive team that will lead Weatherford into its next chapter.”
“I am very excited to join Weatherford as the potential for value creation is significant, given its product and technology portfolio. I look forward to partnering with Mark and the team on the next stage of the Company’s transformation,” said Christian Garcia.