Post by Weatherford

Girish Saligram, Weatherford’s President and Chief Executive Officer, commented, “We are encouraged by the strong shareholder engagement and the majority support we received for the redomestication proposals. While we are disappointed that we did not achieve the 75% threshold required to move forward, the conversations held as part of our shareholder interactions and the resulting support for the proposed move back to the U.S. reinforces our conviction in the value creation potential of this initiative. We remain confident that aligning our corporate structure with a U.S. domicile will better position Weatherford for long-term growth, enhanced market access, and increased shareholder value.” Read the full press release: https://lnkd.in/evqKH8gY #Weatherford #OneWeatherford #WeatherfordNews