Sundar PichaiSundar Pichai earned $164M in 2023

Mark McCollum has over 36 years of experience in the energy sector. He became the CEO of Weatherford International in March 2017 after a solid track record at Halliburton where he was CFO. McCollum's leadership style focuses on performance, and...

Quick Links
W

Mark McCollum

Ex-CEO of Weatherford International

Education

Not specified

Field of Expertise

Energy & Utilities - Energy

Sector of Economy

Energy

Born

January 1, 1960 - 65 years ago

CEO of Weatherford International for

3 years 3 months (Mar 2017 - Jun 2020)

Previous Experience

Chief Financial Officer at Halliburton Company

Holdings

See how much did Mark McCollum make over time.

Mark McCollum’s financial journey at Weatherford International showcases the ups and downs of executive leadership. He was appointed CEO in March 2017 amidst a challenging restructuring period for the company. His wealth was heavily tied to Weatherford’s stock, but due...

Loading...

Insider Trading

See recent insider trades of Mark McCollum.

No insider trades found for this CEO.

Compensation History

See how much did Mark McCollum make over time.

In 2019, Mark McCollum’s total compensation was approximately $6 million, consisting predominantly of a $1 million salary and a $3.3 million bonus tied to company performance. The bonus structure was part of the Executive Bonus Plan, aiming to align his incentives with Weatherford's financial success. However, in 2018, his total compensation was about $1.7 million, largely comprised of cash bonuses based on achieving metrics like EBITDA and safety initiatives. Notably, in 2017, McCollum's compensation was almost nil, reflecting the company's struggles during that period. Across his time at Weatherford, his compensation illustrated the direct correlation between executive pay and company performance, showing how leaders are often rewarded or penalized for their company's outcomes.

Year

2019

Total Compensation

$4.60M

Salary

$1.00M

Board Justification

The compensation program is designed to align executive compensation with performance, support key financial and strategic objectives, and attract and retain key talent while limiting non-performance based entitlements.

Bonus

$3.37M

Board Justification

The bonus was based on the Executive Bonus Plan (EBP) for 2019, which provided a cash target bonus opportunity set by the Compensation Committee, with actual payouts based on performance metrics.

Other

$236.43K

Board Justification

Other compensation includes matching contributions to retirement plans and life insurance premiums.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards were granted or vested in 2019 due to the company's financial restructuring and low share prices.

Performance Metrics

The performance metrics for the bonus were based on overall company performance and achievement of specific quarterly and cumulative goals set by the Compensation Committee.