National Oilwell Varco announced that Jose A. Bayardo has been named Senior Vice President and Chief Financial Officer of National Oilwell Varco, effective August 28, 2015. Mr. Bayardo succeeds Scott K. Duff, Interim Chief Financial Officer.
National Oilwell Varco, Inc. reported that for its third quarter ended September 30, 2014, it earned net income of $699 million, or $1.62 per fully diluted share, compared to second quarter ended June 30, 2014 net income of $619 million, or $1.44 per fully diluted share.
National Oilwell Varco, Inc. announces that its Executive Vice President, General Counsel and Secretary, Dwight W. Rettig, plans to retire effective October 1, 2014, and that the Company has chosen Craig L. Weinstock as his successor.
National Oilwell Varco reported that for its second quarter ended June 30, 2014, it earned net income of $619 million, or $1.44 per fully diluted share, compared to first quarter ended March 31, 2014 net income of $589 million, or $1.37 per fully diluted share.
NOV announced that Merrill A. “Pete” Miller, Jr. has stepped down as the Company’s Executive Chairman in order to become the Executive Chairman of NOW Inc. Clay C. Williams has been appointed Chairman of the Company’s Board of Directors effective immediately.
National Oilwell Varco, Inc. announced 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.
National Oilwell Varco, Inc. announced that its board of directors has given final approval for the spin-off of its distribution business. The resulting company will be known as NOW Inc. (“NOW”) and will be headquartered in Houston.
National Oilwell Varco, Inc. reported that for its first quarter ended March 31, 2014, it earned net income of $589 million, or $1.37 per fully diluted share, compared to fourth quarter ended December 31, 2013 net income of $658 million, or $1.53 per fully diluted share. Excluding pre-tax transaction charges of $19 million, earnings were $602 million, or $1.40 per fully diluted share.
National Oilwell Varco has announced that Marcela E. Donadio has been appointed to the National Oilwell Varco Board of Directors effective April 8, 2014.
National Oilwell Varco, Inc. announced the name of an additional member of the Executive Management team for its previously announced plan to spin off to its shareholders its Distribution Business as an independent publicly traded company.
