Halliburton gets a new Chief Financial Officer

Halliburton, the company that got its start in Duncan, Oklahoma and still has a major operation there has named a new Chief Financial Officer.

Lance Loeffler, previously the vice president of Investor Relations was promoted to CFO. He will lead Halliburton’s financial functions, including planning and analysis, accounting and financial reporting. Loeffler’s replacing Chris Weber who left the company, according to the announcement, “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.