Weatherford Names Blanchard COO
Oilfield services provider Weatherford International plc has appointed Karl Blanchard as Executive Vice President and Chief Operating Officer. In this role, he will oversee all region and product line operations; quality, health, safety, security and environment; sales; engineering, research and development; and supply chain. Blanchard brings with him more than 35 years in the oilfield services sector.
Alkhayyal Joins Marathon Petroleum Board
Abdulaziz F. Alkhayyal has been elected to Marathon Petroleum Corporation’s (MPC) board of directors, effective October 26, 2016. Alkhayyal serves on the board of directors of Halliburton Company, where he is a member of the health, safety and environment and the nominating and corporate governance committees. He retired from Saudi Aramco in 2014 as the senior vice president of Industrial Relations, following a 30-year career there.
Diamond Offshore Names Senior VP, CFO
Diamond Offshore Drilling, Inc. has appointed Kelly Youngblood as Senior Vice President and Chief Financial Officer, to be effective May 3, 2016. Youngblood succeeds Gary T. Krenek, who is retiring after 33 years of service to the Company and its predecessors. Prior to joining the company, Youngblood held a variety of managerial positions with Halliburton Company, where he most recently served as Vice President, Investor Relations.
Reed Nominated to Caterpillar Board
Caterpillar Inc. announced today that the Caterpillar Board of Directors has nominated Debra L. Reed to join the Board, with the election to occur at the June 2015 annual stockholders meeting. Reed, 58, is the Chairman and CEO of Sempra Energy, a San Diego, California-based energy company. She began her Sempra Energy career in 1978 as an engineer and worked her way into leadership positions at Sempra Energy, as well as Southern California Gas Co.
Halliburton & Baker Hughes Merger
Halliburton Company and Baker Hughes Incorporated today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction. The transaction is valued at $78.62 per Baker Hughes share, representing an equity value of $34.6 billion and enterprise value of $38.0 billion, based on Halliburton’s closing price on November 12…
Halliburton Seeks to Replace Baker Hughes Board
Baker Hughes Incorporated today announced receipt of notice from Halliburton Company that it intends to nominate candidates to replace the entire board of directors of Baker Hughes at its Apr. 2015 annual meeting. The nominations followed discussions between the parties regarding a potential business combination transaction, and Halliburton's refusal to improve its first and only value proposal.
Baker Hughes Confirms Talks with Halliburton
Baker Hughes Incorporated today confirmed that it has engaged in preliminary discussions with Halliburton Company regarding a potential business combination transaction. The firm said that the discussions may or may not lead to any transaction. Baker Hughes also said in a prepared statement that it does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required.
