Halliburton has announced its integration leadership team for the Baker Hughes acquisition process.
Halliburton’s Board of Directors has appointed Executive VP and CFO Mark McCollum to the new role of Executive VP and Chief Integration Officer. In this capacity, he will serve as head of the Joint Integration Team that Halliburton and Baker Hughes are assembling in connection with Halliburton’s pending acquisition of Baker Hughes. McCollum will remain a member of Halliburton’s Executive Committee.
Christian Garcia, Senior VP and Chief Accounting Officer, will become Senior VP of Finance and 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 join Halliburton’s Executive Committee.
Charlie Geer, currently VP of Finance, will become VP and Corporate Controller and will take over Garcia’s accounting responsibilities on an interim basis as well. The new roles are effective 1 January 2015.
Belgacem Chariag, President of Global Products and Services for Baker Hughes, will serve as lead for Baker Hughes on the Joint Integration Team.
“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,” commented Lesar. “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.”
On 17 November, Halliburton and Baker Hughes jointly announced a definitive agreement under which Halliburton will, subject to the conditions set forth in the agreement, acquire Baker Hughes in a stock and cash transaction.
Adapted from press release by Katie Woodward
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