Weatherford names new CFO

Weatherford International plc (NYSE: WFT) has appointed Christoph Bausch as executive vice president and CFO, effective December 13, 2016. Bausch joined the company in May of 2016 as vice president and controller product lines. Previous to his tenure at Weatherford, and since May of 2011, he served as executive vice president and CFO of Archer Ltd., an oilfield services company publicly traded in Norway on the Oslo Stock Exchange. Before his role at Archer Limited, Bausch served as a global finance director of Transocean, after having a 20-year international career with Schlumberger, where he held senior financial positions in global and regional capacities in the US, the UAE, France, Mexico, Venezuela, and Germany across a number of business segments. Bausch holds an MBA degree ("Diplom Kaufmann") from the University of Mannheim, Germany.

Also effective December 13, 2016, Frederico Justus was promoted to president – regional operations.  Justus joined Weatherford in 2010 and, since May 2015, was vice president of the Middle East and Africa region. He has over 19 years of oilfield experience across the entire services industry, which includes managing multiple environments and product lines spanning several countries. He is a mechanical and industrial engineer with a degree from the Federal Technical University of Parana, Brazil. His appointment following the exit of the former president – regional operations, Antony J. Branch, leaves the company.

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