Halliburton, a Houston-based oilfield services company, has named William Albrecht as the company’s newest addition to the board of directors. The company has also announced the dividend for the third quarter of 2016.
Halliburton said on Thursday that the appointment of Albrecht to the board of directors was effective on July 12 and that Albrecht will stand for election by stockholders at the annual meeting in May 2017.
Albrecht has more than 35 years of experience in the oil and gas industry. He currently serves as the Non-Executive Chairman of the Board of California Resources Corporation and on the board of the Rowan Companies. He was Executive Chairman of California Resources from 2014 to 2016. Previously he was employed at Occidental Petroleum and Oxy Oil and Gas, amongst others.
Dave Lesar, Halliburton Chairman and CEO, said: “Bill brings a wealth of oil and gas knowledge to the Halliburton board. His leadership and experience in the energy industry will be extremely beneficial to Halliburton as we strengthen and grow our worldwide operations.”
Halliburton also declared a 2016 third quarter dividend of eighteen cents ($0.18) a share on the company’s common stock payable September 28, 2016, to stockholders of record at the close of business on September 7, 2016.