EANS-Adhoc: Weatherford Names New Chief Financial Officer

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Personnel/Corporate Profiles
05.11.2013

Appoints New Chief Operating Officer as Current Operating Officer
Retires

GENEVA, Switzerland, Nov. 4, 2013 -- Weatherford International Ltd.
(NYSE / Euronext Paris / SIX: WFT) announces the appointment of Mr.
Krishna Shivram as Executive Vice President and Chief Financial
Officer, and the promotion of Mr. Dharmesh Mehta to Executive Vice
President and Chief Operating Officer, effective November 6, 2013.

(Logo: http://photos.prnewswire.com/prnh/19990308/WEATHERFORDLOGO)

Krishna Shivram, age 51, brings more than 25 years of financial and
operational management experience in the oilfield service industry,
working for Schlumberger Ltd in a variety of roles across the globe.
Mr. Shivram, a Chartered Accountant, has extensive proven execution
capabilities in financial accounting, income tax and treasury along
with a strong background in corporate finance, mergers and
acquisitions as well as planning and analysis. Previously, he served
as Vice President and Treasurer of Schlumberger Ltd. Mr. Shivram will
report directly to Mr. Bernard J. Duroc-Danner, Chairman, President,
and Chief Executive Officer.

Dharmesh Mehta, age 47, has been named Executive Vice President and
Chief Operating Officer. His background in all aspects of Production
Optimization and Artificial Lift has helped build Weatherford's
integrated Production portfolio over the last decade. In addition,
his recent financial and administrative leadership in multifunctional
areas, serving as Executive Vice President and Chief Administrative
Officer, has enabled Weatherford to move forward towards a position
of disciplined capital efficiency. Mr. Mehta's appointment comes as
Weatherford's current Chief Operating Officer, Mr. Peter T. Fontana,
age 66, retires from Weatherford, effective December 13, 2013.

"Peter has been a true leader and trusted colleague whose
considerable experience and sound management direction has been
essential in building a strong operational foundation and a
well-functioning operational team that will continue to help guide
Weatherford into its next chapter. We are grateful and appreciative
for all of Peter's valuable contributions over the years," said Mr.
Duroc-Danner.

About Weatherford

Weatherford is one of the largest multinational oilfield service
companies. Weatherford's product and service portfolio spans the
lifecycle of the well, and includes formation evaluation, well
construction, completion and production. The Company provides
innovative solutions, technology and services to the oil and gas
industry, and operates in over 100 countries employing more than
65,000 people worldwide.

Further inquiry note:
Contact: Karen David-Green +1.713.836.7430
Vice President -Investor Relations

Wuen Fung Hor
Director - Corporate Marketing and
Communications +1.713.863.6303

end of announcement euro adhoc
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issuer: Weatherford International Ltd.
Rue Jean-Francois Bartholoni 4-6
CH-1204 Geneva
phone: +41.22.816.1500
FAX: +41.22.816.1599
mail: karen.david-green@weatherford.com
WWW: http://www.weatherford.com
sector: Oil & Gas - Upstream activities
ISIN: CH0038838394
indexes:
stockmarkets: Main Standard: SIX Swiss Exchange, stock market: New York, Euronext
Paris
language: English