REFS 2011 Speaker Bio - Dr. Bernard Duroc-Danner
Bernard J. Duroc-Danner is chairman of the board, president and chief executive officer of Weatherford International Ltd (NYSE: WFT), 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 over 100 countries and employs more than 52,000 people worldwide.
Dr. Duroc-Danner was directly responsible for the 1987 start up of EVI, Inc., Weatherford’s predecessor company, in the oilfield service and equipment industry and has directed the growth of EVI and later Weatherford since then to date. EVI’s revenues the first year were less than $20 million. In 1998, EVI, Inc. merged with Weatherford Enterra and adopted the new name of Weatherford International, Inc. Today, twenty years later, Weatherford International’s revenue base has grown to $9 billion. Along the way, in 2000, Weatherford dividended Grant Prideco to its shareholders.
Dr. Duroc-Danner is a director of Helix Energy Solutions Group, Inc. (a company engaged in subsea construction services) and London Merchant Securities (an investment company). Dr. Duroc-Danner is also a member of the National Petroleum Council and the Society of Petroleum Engineers.
Dr. Duroc-Danner’s family has been in the oil business for two generations. Before forming EVI, Inc., Dr. Duroc-Danner held positions at Arthur D. Little Inc. and Mobil Oil Inc. He holds a Ph.D. in economics from Wharton (University of Pennsylvania). Dr. Duroc-Danner is married with five children.