Grant Prideco

NOV Announces Retirements and Appointments of Officers and Consolidation of Operational Segment Structure

Retrieved on: 
Thursday, October 26, 2023
Oil, Gas, Energy, Environment, Other Energy, Sustainability, NYSE, IA Financial Group, Energy Products Inc, NOV, Grant Prideco, Intervention, Norris Production Solutions, Energy supply, Retirement, Completion, Renewable energy

Clay Williams, Chairman, President, and CEO stated, “I would like to thank both Isaac and Kirk for their many contributions to NOV throughout the years.

Key Points: 
  • Clay Williams, Chairman, President, and CEO stated, “I would like to thank both Isaac and Kirk for their many contributions to NOV throughout the years.
  • The consolidation and reorientation of NOV’s operational structure is designed to make the business more efficient while capitalizing on the new technologies the Company is bringing to the marketplace.
  • The Energy Equipment segment will consist of NOV’s longer-cycle capital equipment businesses, including Rig Technologies, Intervention and Stimulation Equipment, and other project-based businesses.
  • The reorganization and the appointments of Mr. Rovig and Mr. Livingston will be effective January 1, 2024.