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Weatherford announced that Mark A. McCollum, President, CEO, has left the company and its board of directors. Karl Blanchard, executive vice president and COO, and Christian Garcia, executive vice president and CFO, will form the Office of the Chief Executive, reporting directly to the board of directors and will oversee the day to day operations. With McCollum's departure, Weatherford will reduce the size of the board from seven directors to six.
