HOUSTON--(BUSINESS WIRE)--Apr. 5, 2016--
National Oilwell Varco, Inc. (NYSE: NOV) announced today that James T.
"Jim" Hackett has been appointed to the company’s board of directors
effective April 5, 2016.
Clay C. Williams, Chairman, President and CEO of National Oilwell Varco,
stated, “It is with great pleasure that I welcome Jim Hackett to our
board of directors. Jim’s extensive experience in the global energy
industry will bring an important perspective and dimension to our board.
Jim’s deep background in the industry will be very beneficial to our
strategic efforts as we continue to navigate through this difficult
cycle.”
Mr. Hackett is a Partner at Riverstone Holdings, LLC, an energy-focused
private investment firm, based in New York. Prior to joining Riverstone
Holdings, LLC in 2013, Mr. Hackett served as the Chairman of the Board
from 2006 to 2013 and the CEO from 2003 to 2012 of Anadarko Petroleum
Corporation. Before joining Anadarko, Mr. Hackett served as President
and Chief Operating Officer of Devon Energy Corporation, following its
merger with Ocean Energy, where he had served as Chairman, President,
and Chief Executive Officer. Mr. Hackett has also held senior positions
at Seagull, Duke Energy, and Pan Energy. He also held positions in
engineering, finance and marketing with NGC Corp., Burlington Resources,
and Amoco Oil Corp. Mr. Hackett received a Bachelor of Science degree
from the University of Illinois in 1975 and an MBA from Harvard Business
School in 1979.
With the appointment of Mr. Hackett, the company’s board of directors is
now comprised of nine directors, eight of whom are external and
independent.
Mr. Hackett was selected from a global search conducted by Heidrick &
Struggles, the executive search firm retained by the Board of Directors.
National Oilwell Varco is a worldwide leader in the design, manufacture
and sale of equipment and components used in oil and gas drilling and
production operations and the provision of oilfield services to the
upstream oil and gas industry.
Statements made in this press release that are forward-looking in nature
are intended to be “forward-looking statements” within the meaning of
Section 21E of the Securities Exchange Act of 1934 and may involve risks
and uncertainties. These statements may differ materially from the
actual future events or results. Readers are referred to documents filed
by National Oilwell Varco with the Securities and Exchange Commission,
including the Annual Report on Form 10-K, which identify significant
risk factors which could cause actual results to differ from those
contained in the forward-looking statements.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160405006437/en/
Source: National Oilwell Varco, Inc.
National Oilwell Varco, Inc.
Jose Bayardo, 713-375-3700
