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Halliburton President to Become CEO


HAL -0.94%

said Wednesday that

Jeff Miller,

a board member and president of the oil-field-services company, will be its new chief executive officer.

Incumbent CEO

Dave Lesar,

who has led the Houston-based company since 2000, is slated to remain as executive chairman on the board of directors. The changes are expected to occur June 1.

Mr. Lesar also signed a new employment agreement with a mandatory retirement date of Dec. 31, 2018. The pact also includes a four-year noncompete clause.

Mr. Lesar joined Halliburton in 1993, while Mr. Miller arrived in 1997.

Write to Ezequiel Minaya at

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