Halliburton Appoints New Chief Financial Officer

HOUSTON, Texas, Nov. 12 -- Halliburton, a provider of products and services to the energy industry, issued the following news release:

Halliburton Company (NYSE:HAL) is pleased to announce that Lance Loeffler, previously vice president of Investor Relations, has been promoted to Chief Financial Officer. Mr. Loeffler will lead the company's financial functions, including financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development and investor relations. Chris Weber is leaving the company to pursue other opportunities.

"We believe Lance's financial expertise, along with his knowledge of Halliburton and experience with the investment community, makes him best suited to lead our financial strategy and outstanding Finance organization," said Jeff Miller, President and CEO. "Lance understands our returns-focused strategy, has a strong relationship with our executive management team and will have an immediate impact as he transitions into his new role."

"We sincerely thank Chris for his contributions to Halliburton and wish him well in the future," added Miller.

Mr. Loeffler joined Halliburton in 2014. He served as vice president of Corporate Development for two years before assuming leadership of Investor Relations. Before joining Halliburton, he held director positions at Deutsche Bank Securities, Inc. and UBS Investment Bank where he focused on the firms' oil and gas clients. Mr. Loeffler holds an MBA with concentrations in finance and accounting and a bachelor's degree in finance from the McCombs School of Business at the University of Texas at Austin.