Halliburton’s (NYSE:HAL) board of directors has appointed Executive Vice President and CFO Mark McCollum to the new role of executive vice president and chief integration officer. In this capacity, he will serve as head of the joint integration team that Halliburton and Baker Hughes Inc. (NYSE:BHI) are assembling in connection with Halliburton’s pending acquisition of Baker Hughes. McCollum will continue reporting to Dave Lesar, chairman and CEO of Halliburton, and will remain a member of the company’s Executive Committee.
Christian Garcia, senior vice president and chief accounting officer, will become senior vice president of finance, and will assume McCollum’s CFO responsibilities on an interim basis. It is anticipated that McCollum will resume his CFO duties at the conclusion of the two companies’ integration. Garcia will report to Lesar and will join Halliburton’s Executive Committee. Charlie Geer, currently vice president of finance, will become vice president and corporate controller, and will take over Garcia’s accounting responsibilities on an interim basis as well. He will continue reporting to Garcia. The new roles are effective Jan. 1, 2015.
Belgacem Chariag, president of global products and services for Baker Hughes, will serve as lead for Baker Hughes on the joint integration team.
On Nov. 17, Halliburton and Baker Hughes jointly announced a definitive agreement under which Halliburton, subject to the conditions set forth in the agreement, will acquire Baker Hughes in a stock and cash transaction.