Jacqueline Mutschler
Weatherford InternationalAbout Jacqueline C. Mutschler
Independent director at Weatherford International plc since December 2019; age 63. Former SVP of Upstream Technology at BP with 30+ years of energy technology and operational experience; independent consultant to energy/technology industries since 2014. Education: B.S. Geology/Geophysics (Wright State), Executive Education (Stanford; MIT). At Weatherford, she chairs the Safety, Environment and Sustainability (SES) Committee and serves on the Compensation & Human Resources (CHR) and Nominating & Governance (N&G) Committees .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| BP plc | Senior Vice President, Upstream Technology | Through 2014 (retired 2014) | Led upstream technology globally; prior international strategic/operational roles |
| Energy/Technology sectors | Independent Consultant | Since 2014 | Advisory work across energy and technology industries |
External Roles
| Organization | Role | Tenure | Committees |
|---|---|---|---|
| Antero Resources Corporation | Independent Director | Since 2020 | Audit; Nominating & Corporate Governance; Conflicts; ESG |
Board Governance
- Committee assignments at WFRD: Chair, Safety, Environment and Sustainability (SES); Member, Compensation & Human Resources (CHR); Member, Nominating & Governance (N&G) .
- Independence: All non‑employee nominees (including Mutschler) are independent under Nasdaq rules; WFRD committees (other than SES) are composed solely of independent directors .
- Attendance and engagement: In 2024 the Board met 11 times; all directors participated in at least 75% of Board and their committee meetings; all directors then in office attended the 2024 AGM .
- Executive sessions: Independent chair (Charles Sledge) oversees regular executive sessions of independent directors .
| Committee | 2024 Meetings | Mutschler Role |
|---|---|---|
| Compensation & Human Resources (CHR) | 9 | Member |
| Nominating & Governance (N&G) | 5 | Member |
| Safety, Environment & Sustainability (SES) | 4 | Chair |
Fixed Compensation (Director)
| Component | 2024 Value |
|---|---|
| Board Cash Retainer | $100,000 |
| SES Committee Chair Retainer | $15,000 |
| CHR Committee Member Retainer | $7,500 |
| N&G Committee Member Retainer | $5,000 |
| Special Committee Fee (strategic planning oversight; one meeting in 2024) | $25,000 |
| Total Fees Earned (reported) | $152,500 |
Notes:
- Meeting fees of $1,500 apply only if >10 meetings/year per body; fee structure unchanged in 2024 per LB&Co. review .
Performance Compensation (Director Equity)
| Item | Details |
|---|---|
| 2024 Equity Grant | 2,397 RSUs granted January 18, 2024 at $94.50 grant-date fair value per share; total fair value $226,517; vests on first anniversary; accelerated vesting on death, disability, change-in-control, or failure to be re-elected |
| Dividend Equivalent Rights | Apply to outstanding equity awards; accrue and are paid only upon vesting |
| 2025 Settlement Note | A portion of director RSUs settled in cash to cover taxes; for Mutschler, January 2025 cash settlement resulted in loss in value of $(17,749) relative to grant-date accounting value |
| Deferrals | Non-employee Director Deferred Compensation Plan allows equity deferrals 3–5 years; no deferral elections by directors in 2024 |
Other Directorships & Interlocks
| Company | Role | Committees | Potential Interlock/Conflict Notes |
|---|---|---|---|
| Antero Resources Corporation | Director | Audit; N&G; Conflicts; ESG | Weatherford has a Related Party Transactions Policy; Audit Committee reported no related party transactions were reviewed/approved in 2024 |
Expertise & Qualifications
- Energy technology leadership (former BP SVP Upstream Technology) and extensive safety/ESG oversight (SES Chair at WFRD) .
- Education: B.S. Geology/Geophysics (Wright State); Executive Education at Stanford and MIT .
Equity Ownership
| Metric | Amount | As-of |
|---|---|---|
| Beneficial Ownership (Common Shares) | 30,311 (<1% of outstanding) | April 10, 2025 |
| Unvested RSUs Outstanding | 2,397 | December 31, 2024 |
| Director Stock Ownership Guideline | 8x annual cash retainer (5-year transition); Mutschler in early compliance as of record date | |
| Pledging/Hedging | Prohibited for directors; robust insider trading policy |
Insider Trades (Form 4 Filings)
| Filing Date | Period of Report / Transaction Date | Form | Link | Note |
|---|---|---|---|---|
| 2024-02-12 | 2024-02-09 | Form 4 | https://www.sec.gov/Archives/edgar/data/1603923/000160392324000045/0001603923-24-000045-index.htm | Reported transaction in WFRD shares |
| 2025-01-22 | 2025-01-22 | Form 4 | https://weatherford.gcs-web.com/static-files/911c17ca-4b73-4d99-9502-9f6eee4dcce1 | Company-hosted copy of Form 4 |
| 2025-03-11 | 2025-03-11 | Form 4 | https://weatherford.gcs-web.com/static-files/6f5fe60a-d1eb-4b15-b55f-0c44eced615b | Filing indicates transaction reported; plan checkbox language present |
Governance Assessment
- Strengths
- Independent director with deep upstream technology and safety/ESG expertise; SES Committee Chair; service across CHR and N&G enhances board effectiveness .
- Strong governance framework: independent chair; regular executive sessions; anti-hedging/anti-pledging; clawback policy; ownership guidelines with early compliance .
- Board/committee engagement: all directors ≥75% attendance; AGM attendance confirmed .
- No related-party transactions reviewed/approved in 2024 (mitigates conflict risk) .
- Watch items
- Insider Form 4 activity reported in 2024 and 2025; continued monitoring of trading plans and cadence advisable for sentiment/context, though beneficial ownership remains modest and guidelines compliance is noted .
References: