Halliburton Co. (NYSE: HAL) has appointed Lance Loeffler, previously vice president of investor relations, as CFO on Nov. 12.

Loeffler will lead the company’s financial functions, including financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development and investor relations. Chris Weber is leaving the company to pursue other opportunities.

“We believe Lance’s financial expertise, along with his knowledge of Halliburton and experience with the investment community, makes him best suited to lead our financial strategy and outstanding finance organization,” Jeff Miller, president and CEO, said. “Lance understands our returns-focused strategy, has a strong relationship with our executive management team and will have an immediate impact as he transitions into his new role.”

Loeffler joined Halliburton in 2014. He served as vice president of corporate development for two years before assuming leadership of investor relations. Before joining Halliburton, he held director positions at Deutsche Bank Securities Inc. and UBS Investment Bank where he focused on the firms’ oil and gas clients. Loeffler holds a master of business administration with concentrations in finance and accounting and a bachelor’s degree in finance from the McCombs School of Business at the University of Texas at Austin.