Energy Reporter, 1st July 2014
Energy services giant Weatherford International has appointed Schlumberger’s deputy counsel as its new executive vice president.
Dianne Ralston, who takes on the combined position of vice president, general counsel and corporate secretary, brings in 20 years of joined legal, compliance, and contractual experience in the oil and gas industry, having joined Schlumberger in 1998.
With the appointment, Weatherford is looking merge its legal and compliance departments, the company said in a statement.
William Jacobson, current senior vice president, co-general counsel and chief compliance officer of Weatherford, will be stepping down and leaving the company to pursue other opportunities, Weatherford added.
“The appointment of Diane Ralston completes the strengthening of the senior executive team,” said Bernard Duroc-Danner, Weatherford’s chairman, president and chief executive
“The new leadership, together with a streamlined and focused organization, a technology-rich portfolio with highly developed expertise and a broad and integrated global infrastructure will drive our steadfast direction of core, cost and cash.”