HOUSTON--(BUSINESS WIRE)--May 16, 2014--
National Oilwell Varco, Inc. (NYSE:NOV) announced today that its Vice
President, Corporate Controller & Chief Accounting Officer, Robert
Blanchard, plans to retire July 31, 2014, and that the company has
chosen to name Scott Duff as his successor.
Mr. Duff holds a BBA in Accounting from the University of Texas at San
Antonio and is a Certified Public Accountant. He held accounting
positions at KPMG, Ernst & Young, and SBC before joining
National-Oilwell in 2004. Mr. Duff has served as National Oilwell
Varco’s Vice President of Internal Audit since 2005.
Jeremy Thigpen, Senior Vice President & Chief Financial Officer of
National Oilwell Varco, remarked, “We are pleased to promote Scott Duff
as Robert’s successor. Scott’s technical skills, experience and
leadership capabilities make him an obvious and natural choice for the
role, and we are confident that Scott will continue to build upon our
solid finance foundation.
We are grateful to Robert Blanchard for over 25 years of truly
exceptional leadership. While Robert’s contributions here are many, I
think his greatest accomplishment is the world-class accounting
organization he assembled, mentored and led. Although we will miss
Robert, we are pleased he will soon have the opportunity to relax and
enjoy time with his family and friends.”
Since joining the company in 1989, Mr. Blanchard has served in various
roles of increasing responsibility, including Vice President & Corporate
Controller of Varco in 2002, and Vice President, Corporate Controller &
Chief Accounting Officer of National Oilwell Varco since May 2005. He
played a key role in integrating dozens of acquisitions undertaken by
the company, and continues to play a critical role in the imminent
spinout of its Distribution Services business unit as an independent
public company.
Clay Williams, President & Chief Executive Officer of National Oilwell
Varco remarked that "I have had the privilege of working closely with
Robert through nearly two decades of extraordinary corporate growth, and
I am grateful for his leadership and friendship. He leaves a wonderful
legacy at National Oilwell Varco. I also congratulate Scott on his new
role. National Oilwell Varco is fortunate to have such a deep bench of
exceptional financial leadership.”
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, the provision of oilfield services, and supply
chain integration 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 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.
Source: National Oilwell Varco, Inc.
National Oilwell Varco, Inc.
Jeremy Thigpen, 713-346-7301
