HOUSTON, Jan. 21 /PRNewswire-FirstCall/ -- Weatherford International Ltd. (NYSE: WFT) announced today that Mr. Nicholas F. Brady, the 68th Secretary of the United States Department of the Treasury, has been elected to the Company's Board of Directors.
President Reagan appointed Mr. Brady as Treasury Secretary in 1988, a position in which he continued to serve under President George Bush until January 1993. Prior to his appointment as Treasury Secretary, Mr. Brady served as Chairman of the Presidential Task Force on Market Mechanisms, as well as on a variety of other Presidential commissions, including: the Scowcroft Commission on Strategic Forces (1983); the Kissinger Commission on Central America (1983); and the Packard Commission on Defense Management (1985).
Mr. Brady also served in the United States Senate from April - December 1982, during which time he was a member of the Armed Services Committee and the Banking, Housing and Urban Affairs Committee.
Preceding his tenure in the White House, Mr. Brady had a 34-year career in investment banking. After being educated at Yale University (B.A.) and Harvard University (M.B.A.), he joined Dillon, Read & Co. Inc. in 1954 and rose to become Chairman of the Board in 1974. He also served as Chairman of Purolator, Inc. from 1971 through 1987. He currently is the Chairman of Darby Overseas Investments, Ltd., a Director of Amerada Hess Corporation and C2, Inc., and Director/Trustee of the Templeton Funds. He also served as a trustee of Rockefeller University and a member of the Board of the Economic Club of New York. He is a member of the Council on Foreign Relations, Inc.
Weatherford is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry. Weatherford operates in more than 100 countries and employs approximately 17,000 people worldwide.
Contact: Lisa Rodriguez +1-713-693-4746
SOURCE Weatherford International Ltd.