In an unexpected announcement Monday evening, Weatherford welcomed of Mark McCollum, Halliburton’s CFO, as its new permanent CEO and director.
For Weatherford, choosing between interim CEO Krishna Shivram and McCollum was a win/win. Shivram impressed everyone during his stint at the helm, but McCollum is the stronger candidate. So when the board realized they had a shot at him, they had to take it.
There’s a lot more to this story…
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