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Weatherford CEO Exits After Company Emerges From Bankruptcy

June 8, 2020, 1:30 PM

Weatherford International Plc Chief Executive Officer Mark McCollum has left the company, roughly six months after the oilfield service provider emerged from bankruptcy.

Chief Operating Officer Karl Blanchard and Chief Financial Officer Christian Garcia together will form the Office of Chief Executive, reporting to the board, while the company begins to look for a permanent replacement, Weatherford said Monday in a statement.

McCollum was tasked with turning around Weatherford, once the world’s fourth-biggest oilfield service provider, after joining from rival Halliburton Co. in 2017. But Weatherford filed for bankruptcy around the middle of last year in one of the ...