National Oilwell Varco Announces Resignation of Robert E. Beauch Appointment of William R. Thomas to the Board of Directors


National Oilwell Varco announced today that Robert E. Beauchamp has resigned from the company’s board of directors effective November 2, 2015.

Clay C. Williams, Chairman, President and CEO of National Oilwell Varco, Inc. remarked, "It has been a pleasure working with Bob over the past ten years. On behalf of the entire board, I would like to sincerely thank Bob for his dedication and contributions to NOV. His business acumen and insights have been extremely valuable to our board. We wish Bob the very best in his future endeavors."

The company also announced today that William R. Thomas has been appointed to the company’s board of directors effective November 2, 2015.

Mr. Williams remarked, “I am very pleased to welcome Bill Thomas to our board of directors. He brings immense knowledge to NOV as a director and leader in the oil and gas industry, and we look forward to drawing on his extensive expertise of the North American energy market.”

Mr. Thomas has been serving as the Chairman and CEO of EOG Resources, Inc. since January 2014. Prior to that, he served as President and CEO from July 2013 through December 2013 and as President from September 2011 to July 2013. Mr. Thomas previously held other leadership positions at EOG Resources, Inc., including Senior Executive Vice President, Exploitation and Senior Executive Vice President, Exploration. Mr. Thomas has been with EOG Resources, Inc. and its predecessor companies since 1979. Mr. Thomas received a Bachelor of Science degree in Geology from Texas A&M University in 1975.

With the appointment of Mr. Thomas, the company’s board of directors is now comprised of eight directors, seven of whom are external and independent.

Source: NOV, Inc.

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