Weatherford International Plc recently named H. Keith Jennings as the next CFO of the the Houston-based oilfield service company.

Jennings will fill in a position vacated by Weatherford’s former CFO, Christian Garcia, after announcing his decision to leave the company in June.

Garcia, who had joined Weatherford in November 2019, was set to share CEO duties with COO Karl Blanchard while the company searched for a candidate to replace Mark A. McCollum after his resignation in early June.

In a statement on June 17, Garcia commented, “Leaving Weatherford is a difficult personal decision. In my short tenure, I have seen the company’s potential for value creation and the strength of Weatherford’s leadership team and employees. Weatherford is taking aggressive actions to address the current challenging environment, and I wish the company well as it moves forward.”

Weatherford previously completed a financial restructuring in December 2019 after having filed for Chapter 11 bankruptcy earlier last year.

Jennings joins Weatherford with more than 25 years of international financial leadership with multinational enterprises, both public and private. Previously, he served as CFO and an executive vice president at Calumet Specialty Products Partners LP, an independent producer of specialty hydrocarbon products based in Indianapolis.

Commenting on Jennings’ appointment, Blanchard, who in addition to COO serves as Weatherford’s interim CEO, said: “We are pleased to welcome Keith to Weatherford’s executive management team. Keith brings a proven track record of creating stakeholder value, corporate finance expertise as well as a healthy understanding of the oil and gas industry. We look forward to his leadership, experience and insight as part of the management team.”

Jennings’ appointment as executive vice president and CFO of Weatherford is effective Sept. 1.

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