Halliburton Co. said Wednesday that Jeff Miller, a board member and president of the oil-field-services company, will be its new chief executive officer.
Incumbent CEO Dave Lesar, who has led the Houston-based company since 2000, is slated to remain as executive chairman on the board of directors. The changes are expected to occur June 1.
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Mr. Lesar also signed a new employment agreement with a mandatory retirement date of Dec. 31, 2018. The pact also includes a four-year noncompete clause.
Mr. Lesar joined Halliburton in 1993, while Mr. Miller arrived in 1997.
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(END) Dow Jones Newswires
May 17, 2017 17:00 ET (21:00 GMT)