Weatherford Names Krishna Shivram CFO - Quick Facts

(RTTNews) - Oilfield services provider Weatherford International Ltd. (WFT) has appointed Krishna Shivram as Executive Vice President and Chief Financial Officer, and the promotion of Dharmesh Mehta to Executive Vice President and Chief Operating Officer, effective November 6, 2013.

Shivram brings over 25 years of financial and operational management experience in the oilfield service industry, working for Schlumberger Ltd in a variety of roles wordwide. Dharmesh Mehta has been named Executive Vice President and Chief Operating Officer. His background in all aspects of Production Optimization and Artificial Lift has helped build Weatherford's integrated Production portfolio over the last decade, the company said.

Mehta's appointment comes as Weatherford's current Chief Operating Officer, Peter Fontana retires from Weatherford, effective December 13, 2013.