Weatherford Announces New Appointment to Board of Directors
24 July 2024 - 6:30AM
Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the
“Company”) today announced that its Board of Directors (the
“Board”) has appointed Steven Beringhause as a director
with a term expiring at the 2025 Annual Meeting of Shareholders.
His appointment is effective July 23, 2024, and will increase the
size of the Company's Board to six members.
Charles M. Sledge, Chairman of the Weatherford
Board of Directors, commented, "On behalf of the Board, we welcome
Steve to Weatherford’s Board of Directors. We are confident that
Steve’s wealth of experience managing leading digital commercial
applications will be very valuable to our continued growth and
innovation. We look forward to leveraging his insights and
leadership as we continue our journey of delivering value to our
shareholders."
Girish Saligram, President, Chief Executive
Officer, and Director of Weatherford, remarked, "I am excited to
welcome Steve to our Board. With his strong engineering and
technology background, he brings a blend of technical expertise and
strategic vision that will be an enabler as we enhance our
differentiated portfolio and propel Weatherford to new
heights."
Mr. Beringhause served as a director for Meritor
Inc. from December 2019 through its acquisition by Cummins, Inc. in
2022. He has extensive experience managing advanced technology for
commercial applications and leading businesses with P&L
responsibility due to his many years with Sensata Technologies, a
spin-off of Texas Instruments, where he served as the chief
technology officer from 2015 through 2020. Mr. Beringhause held the
role of Executive Vice President of Performance Sensing from 2013
through 2017, leading Sensata's largest business unit and driving
excellent growth and profitability improvement. He joined Sensata's
predecessor company, Texas Instruments, in 1988, and held a series
of positions of increasing responsibility and oversight in the
engineering function, where he helped shift the company's focus to
a new range of safety sensors for automotive and commercial vehicle
applications. Mr. Beringhause has a Master of Science and a
Bachelor of Science, both in mechanical engineering, from the
Massachusetts Institute of Technology.
About WeatherfordWeatherford
delivers innovative energy services that integrate proven
technologies with advanced digitalization to create sustainable
offerings for maximized value and return on investment. Our
world-class experts partner with customers to optimize their
resources and realize the full potential of their assets. Operators
choose us for strategic solutions that add efficiency, flexibility,
and responsibility to any energy operation. The Company conducts
business in approximately 75 countries and has approximately 19,000
team members representing more than 110 nationalities and 330
operating locations. Visit weatherford.com for more information and
connect with us on social media.
ContactsFor
Investors:Mohammed TopiwalaVice President, Investor
Relations and M&A+1
713-836-7777investor.relations@weatherford.com
For Media:Kelley HughesSenior
Director, Communications & Employee Engagement+1
346-232-8690media@weatherford.com
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