weatherford ebitda

Beleaguered Weatherford International plc, beset for years by internal issues and mounting debt, next month is bringing aboard its third CEO in as many years to attempt to instill a “fresh perspective.”

Incoming CEO Girish K. Saligram, who also has been named president, would take over in mid-October. He previously was COO at Exterran Corp. Weatherford’s interim chief Karl Blanchard would then resume his duties as COO. 

“Weatherford is a recognized industry leader for its comprehensive technology portfolio, broad global footprint, extraordinary culture and strong customer relationships,” Saligram said. “I believe these elements serve as a solid foundation for the company to build upon. I look forward to leading Weatherford as we deliver against our strategic...