Halliburton has announced a new appointee to the company’s board of directors as well as who will become the new executive vice president and chief integration officer.
On December 4, the company announced that Mark MCollum will be the new executive vice president and chief integration officer. Then, on December 5, Abdulaziz F. Al Khayyal was appointed to the company’s board of directors.
Al Khayyal spent more than 30 years at Saudi Aramco before deciding to retire from the company as senior vice president of industrial relations in April. While with Saudi Aramco, Al Khayyal held many positions in oil and gas operations and maintenance. He served as senior vice president, international operations, and senior vice president, refining, marketing and international. According to Halliburton’s press release, “In 2004, Al Khayyal was appointed to the board of directors of Saudi Aramco, and served as chairman of the PetroRabigh board of directors from 2005 to 2012. He was also chairman of the board of Vela International Marine.”
Al Khayyal has a bachelor’s degree in mechanical engineering and a master’s degree in business administration, both from the University of California, Irvine.
Dave Lesar, Halliburton’s chairman and CEO, commented on Al Khayyal joining the company:
Abdulaziz’s exceptional oil and gas knowledge brings a wealth of value to the Halliburton board … His leadership and international experience in the energy industry will be extremely beneficial to Halliburton as we strengthen and grow our worldwide operations.
Mark McCollum, Halliburton’s new executive vice president and chief integration officer, was formerly the company’s executive vice president and chief financial officer. McCollum will serve as the head of the joint integration team that is being assembled due to the acquisition of Baker Hughes. He will continue to report to Lesar and will remain on the company’s executive committee.
McCollum is expected to continue his position as CFO as soon as the two companies are integrated.
Other position changes include Senior Vice President and Chief Accounting Officer Christian Garcia becoming the senior vice president of finance. He will also take over McCollum’s CFO responsibilities on an interim basis. Additionally, Charlie Geer, the company’s current vice president of finance, will take over the role as vice president and corporate controller. Geer will also take on Garcia’s accounting responsibilities on an interim basis. Baker Hughes current President of Global Products and Services Belgacem Chariag will serve as the lead for the Baker Hughes joint integration team.
Lesar commented on the company’s overall leadership changes:
Establishing a unified integration team under the direction of Mark and Belgacem is an important first step in bringing together the talent and expertise of both companies to make a stronger combined company … We are committed to putting together a detailed and thoughtful integration plan to make the post-closing transition as seamless, efficient and productive as possible.