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Weatherford International Ltd Announces Change Of Auditors

Friday, 8 Mar 2013 01:00am EST 

Weatherford International Ltd announced that the audit committee of its Board of Directors approved the engagement of KPMG LLP as its independent registered public accounting firm for the year ending December 31, 2013. The committee determined that as a matter of good corporate governance, it is appropriate at this time to rotate to a different firm to serve as the Company's auditors. This appointment is subject to ratification by Weatherford's shareholders at the 2013 Annual General Meeting. At that meeting, the Company also expects to propose the election by the Company's shareholders of KPMG AG as its Swiss statutory auditor for the year ending December 31, 2013.