CITY OF KATY (Covering Katy News) - The chairman of the board of Weatherford International, William E. Macaulay, died unexpectedly late last week according to a company statement. The company announced Macaulay's death on Monday, Dec. 2, 2019.
Weatherford has numerous locations across the world including one at 1040 Schlipf Road, off Highway 90 in Katy. Weatherford is one of the largest multinational oilfield service companies.
"The Company extends its sincerest condolences to his family during this difficult time and expresses its gratitude for his decades of commitment and leadership," said a statement from from Weatherford.
"I had the great privilege of working closely with Bill over the past three years and am deeply saddened by this sudden loss," said Mark A. McCollum, President and Chief Executive Officer. "He was an amazing businessman whose vision, expertise and leadership will be profoundly missed, both on our Board of Directors and across our industry. We are grateful to have had the opportunity to work with him so closely. He will always be a part of our Weatherford family."
Mr. Macaulay served as the Executive Chairman of First Reserve, a global private equity and infrastructure investment firm focused on the energy industry, since 1983. Macaulay served as a director of Weatherford Enterra from October 1995 to May 1998.
Mr. Macaulay also served as Director of Corporate Finance for Oppenheimer & Co., Inc., where he worked from 1972 to 1982. Previously, Mr. Macaulay served as Chairman of CHC Group Ltd., Dresser-Rand Group, Inc., Foundation Coal Holdings Inc. and Pride International, and as a director of Dresser, Inc. and National Oilwell Varco.
Weatherford operates in more than 80 countries and has a network of 620 locations, including manufacturing, service, research and development, and training facilities and employs more than 24,000 people.