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CFO Moves Up at Halliburton

As part of a broad changing of the guard, Gaut will head up a key division.
Stephen TaubDecember 7, 2007

Halliburton CFO Christopher Gaut has been named president of the company’s drilling and evaluation division as part of a management shake-up. Chief accounting officer Mark McCollum was promoted to Gaut’s old post.

Tim Probert was promoted from senior vice president of the drilling and evaluation division to executive vice president of strategy and corporate development. In addition, chief operating officer Andrew Lane will retire on Dec. 31, and the COO position will be eliminated, the oil field services company announced.

All of the executive management changes are effective Jan. 1.

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Gaut has served as CFO since March 2003. Before joining Halliburton, he was chief financial officer and shared the role of chief operating officer at ENSCO, an offshore drilling contractor.

McCollum joined Halliburton in 2003 after serving in executive financial positions, including CFO, with Tenneco Automotive.

“We are excited that Chris, Mark and Tim are expanding their leadership skills and seizing the opportunities to further demonstrate their exceptional performance in operations, financial and executive management,” said Halliburton chairman and CEO Dave Lesar.