Weatherford Names Dr. Bernard J. Duroc-Danner as Chairman Emeritus

BAAR, Switzerland, Nov. 16, 2016 /PRNewswire/ -- The Board of Directors of Weatherford International plc (NYSE: WFT), in recognition and appreciation of outstanding vision and years of service, has named Dr. Bernard J. Duroc-Danner as Chairman Emeritus. In this honorary and advisory role to the Board of Directors, Dr. Duroc-Danner will not receive any remuneration for his role and will remain an external advisor.

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After founding the Company almost 30 years ago and growing Weatherford into one of the leading oilfield service providers today, the Board owes much gratitude to Bernard for his vision and leadership. Commenting on the appointment, Mr. Robert Rayne, Chairman of the Board, said "Given Bernard's deep and unique knowledge of Weatherford, his established and long-term customer relationships as well as his vast industry and business experience, his new role will help provide continuity and facilitate a smooth leadership transition. We believe this designation is beneficial to Weatherford as we collectively move forward. On behalf of myself and the Board of Directors, we would like to personally thank Bernard for his continued support and commitment."         

About Weatherford

Weatherford is one of the largest multinational oilfield service companies providing innovative solutions, technology and services to the oil and gas industry. The Company operates in over 100 countries and has a network of approximately 1,000 locations, including manufacturing, service, research and development, and training facilities and employs approximately 31,000 people. For more information, visit www.weatherford.com and connect with Weatherford on LinkedIn, Twitter, YouTube and Facebook.

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