A new CEO has been appointed to Halliburton as long-time leader Dave Lesar approaches mandatory retirement at 65.
Current president Jeff Miller will replace Lesar, who has been the company’s chairman and CEO since 2000.
Lesar will continue to serve as executive chairman until the end of 2018.
Miller joined Halliburton in 1997 and has since served in several leadership roles, including chief operating officer until 2014 when he was named president and appointed to the Halliburton board of directors.
He holds a Bachelor of Science in agriculture and business from McNeese State University in Louisiana and an MBA from Texas A&M University.
Miller said in a statement that he feels fortunate to have worked directly with and learn from Lesar for many years.
“As I approach my last 18 months as a Halliburton employee, it’s time to look forward and transition to new leadership,” said Lesar.
“I have known and worked with Jeff for almost 30 years and have great confidence that he is the best choice to be the next Halliburton CEO. With the support of our committed management team and the dedication of our outstanding employees, I know he will lead Halliburton to continue to deliver both long-term shareholder value and superior customer service. I look forward to working closely with him as he transitions into his new role.”