Doug Rock, current CEO, president and COO, will remain as chairman of Smith’s board of directors after January 1, 2009.
Mr Rock said: John Yearwood is perfectly suited for this job from the standpoint of both character and knowledge. His background is tailored to Smith. With training in both geology and the environment and a bachelor of science honors degree from the Oxford Brooks University, John’s formal education began early to fit Smith’s future.
John then spent 26 years with Schlumberger, which included roles as president of Dowell and president of North and South America, oilfield services. John not only lived in numerous countries, but he is also multi-lingual. Again, John’s experience closely matches Smith’s direction.