Halliburton Gets Second CFO in 17 Months



Halliburton Gets Second CFO in 17 Months
Halliburton reported Monday that it has promoted Lance Loeffler to CFO.

Halliburton Co. reported Monday that it has promoted Lance Loeffler, formerly its vice president of investor relations, to chief financial officer (CFO).

Loeffler succeeds Christopher Weber, who joined Halliburton as executive vice president and CFO from Parker Drilling Co. in June 2017. As CFO, Loeffler will oversee the service company’s financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development and investor relations functions, Halliburton stated.

According to Halliburton’s statement Monday, Weber is leaving to pursue other opportunities.

“We believe Lance’s financial expertise, along with his knowledge of Halliburton and experience with the investment community, makes him best suited to lead our financial strategy and outstanding Finance organization,” Halliburton President and CEO Jeff Miller said Monday. “Lance understands our returns-focused strategy, has a strong relationship with our executive management team and will have an immediate impact as he transitions into his new role.”

“We sincerely thank Chris for his contributions to Halliburton and wish him well in the future,” Miller also noted.

Loeffler joined Halliburton four years ago after holding director positions with Deutsche Bank Securities, Inc. and UBS Investment Bank. He earned a bachelor’s degree in finance and an MBA from the University of Texas at Austin.



WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.