Weatherford Announces New Appointment to Board of Directors
Weatherford International plc (NASDAQ: WFRD) has appointed Steven Beringhause to its Board of Directors, effective July 23, 2024. This appointment increases the board size to six members, with Beringhause's term expiring at the 2025 Annual Meeting of Shareholders. Beringhause brings extensive experience in managing advanced technology for commercial applications and leading businesses with P&L responsibility, having served as the chief technology officer at Sensata Technologies from 2015 to 2020.
Chairman Charles M. Sledge and CEO Girish Saligram welcomed Beringhause, highlighting his expertise in digital commercial applications and engineering background as valuable assets for Weatherford's growth and innovation. Beringhause's appointment is expected to enhance the company's differentiated portfolio and drive shareholder value.
Weatherford International plc (NASDAQ: WFRD) ha nominato Steven Beringhause nel suo Consiglio di Amministrazione, a partire dal 23 luglio 2024. Questa nomina porta il numero dei membri del consiglio a sei, con il termine di Beringhause che scadrà durante l'Assemblea Annuale degli Azionisti del 2025. Beringhause porta con sé una vasta esperienza nella gestione di tecnologie avanzate per applicazioni commerciali e nella leadership di aziende con responsabilità di profitto e perdita, avendo ricoperto il ruolo di chief technology officer presso Sensata Technologies dal 2015 al 2020.
Il presidente Charles M. Sledge e l'amministratore delegato Girish Saligram hanno accolto Beringhause, sottolineando la sua esperienza nelle applicazioni commerciali digitali e la sua formazione ingegneristica come asset preziosi per la crescita e l'innovazione di Weatherford. Si prevede che la nomina di Beringhause contribuisca a migliorare il portafoglio differenziato dell'azienda e a incrementare il valore per gli azionisti.
Weatherford International plc (NASDAQ: WFRD) ha nombrado a Steven Beringhause como miembro de su Junta Directiva, con efecto a partir del 23 de julio de 2024. Esta designación aumenta el tamaño de la junta a seis miembros, con el mandato de Beringhause que expirará en la Reunión Anual de Accionistas de 2025. Beringhause aporta una amplia experiencia en la gestión de tecnología avanzada para aplicaciones comerciales y en la dirección de empresas con responsabilidad de P&L, habiendo sido director de tecnología en Sensata Technologies de 2015 a 2020.
El presidente Charles M. Sledge y el CEO Girish Saligram dieron la bienvenida a Beringhause, destacando su experiencia en aplicaciones comerciales digitales y su formación en ingeniería como activos valiosos para el crecimiento y la innovación de Weatherford. Se espera que la incorporación de Beringhause mejore el portafolio diferenciado de la empresa y aumente el valor para los accionistas.
Weatherford International plc (NASDAQ: WFRD)는 Steven Beringhause를 이사회의 일원으로 임명했습니다. 이 임명은 2024년 7월 23일부터 시행되며, 이사회 규모는 6명으로 증가했습니다. Beringhause의 임기는 2025년 주주총회에서 만료됩니다. 그는 2015년부터 2020년까지 Sensata Technologies의 최고 기술 책임자로 재직하면서 상업용 응용 프로그램을 위한 첨단 기술 관리와 수익 및 손실 책임이 있는 비즈니스 운영에 대한 광범위한 경험을 제공합니다.
회장 Charles M. Sledge와 CEO Girish Saligram은 Beringhause의 영입을 환영하며, 디지털 상업 응용 프로그램에 대한 그의 전문성과 공학 배경이 Weatherford의 성장과 혁신에 있어 귀중한 자산이라고 강조했습니다. Beringhause의 임명이 회사의 차별화된 포트폴리오를 강화하고 주주 가치를 높이는 데 기여할 것으로 기대됩니다.
Weatherford International plc (NASDAQ: WFRD) a nommé Steven Beringhause au sein de son Conseil d'Administration, à compter du 23 juillet 2024. Cette nomination porte le nombre de membres du conseil à six, le mandat de Beringhause se terminant lors de l'Assemblée Annuelle des Actionnaires de 2025. Beringhause apporte une vaste expérience dans la gestion de technologies avancées pour des applications commerciales et dans la direction d'entreprises avec responsabilité P&L, après avoir été directeur technique chez Sensata Technologies de 2015 à 2020.
Le président Charles M. Sledge et le PDG Girish Saligram ont accueilli Beringhause, soulignant que son expertise en applications commerciales numériques et son parcours d'ingénierie représentent des atouts précieux pour la croissance et l'innovation de Weatherford. La nomination de Beringhause devrait contribuer à améliorer le portefeuille différencié de l'entreprise et à accroître la valeur pour les actionnaires.
Weatherford International plc (NASDAQ: WFRD) hat Steven Beringhause in seinen Vorstand berufen, mit Wirkung zum 23. Juli 2024. Diese Ernennung erhöht die Vorstandsgröße auf sechs Mitglieder, wobei Beringhause's Amtszeit bei der Jahreshauptversammlung der Aktionäre 2025 endet. Beringhause bringt umfassende Erfahrung in der Verwaltung von fortschrittlicher Technologie für kommerzielle Anwendungen und in der Leitung von Unternehmen mit Gewinn- und Verlustverantwortung mit, nachdem er von 2015 bis 2020 Chief Technology Officer bei Sensata Technologies war.
Der Vorsitzende Charles M. Sledge und CEO Girish Saligram hießen Beringhause willkommen und hoben dessen Fachwissen in digitalen kommerziellen Anwendungen sowie seinen ingenieurtechnischen Hintergrund als wertvolle Ressourcen für Weatherfords Wachstum und Innovation hervor. Beringhause's Ernennung wird voraussichtlich das differenzierte Portfolio des Unternehmens verbessern und den Aktionärswert steigern.
- Appointment of Steven Beringhause to the Board of Directors, bringing expertise in digital commercial applications and technology management
- Potential for enhanced growth and innovation due to Beringhause's experience in advanced technology and P&L responsibility
- Expansion of the Board to six members, potentially improving governance and strategic oversight
- None.
HOUSTON, July 23, 2024 (GLOBE NEWSWIRE) -- 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 Weatherford
Weatherford 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.
Contacts
For Investors:
Mohammed Topiwala
Vice President, Investor Relations and M&A
+1 713-836-7777
investor.relations@weatherford.com
For Media:
Kelley Hughes
Senior Director, Communications & Employee Engagement
+1 346-232-8690
media@weatherford.com
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