Groomed by Dick Cheney, Halliburton's Lesar Exits After 25 Years
- Former CEO led failed bid for Baker Hughes as oil downturn hit
- Current CEO Jeff Miller took over as chairman on Tuesday
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Dave Lesar stepped down as chairman of Halliburton Co., ending a 25-year run with the oil-services giant that included its ill-fated bid for Baker Hughes Inc. and, more recently, a personal business relationship with former Interior Secretary Ryan Zinke that’s drawn scrutiny from Department of Justice.
The Dec. 31 retirement of Lesar, 65, who was CEO between 2000 and 2017 and most recently served as executive chairman, comes at a tough time for the world’s biggest fracking provider and its competitors, with many customers limiting spending amid a volatile oil market.