Company Website:
http://www.nov.com
HOUSTON -- (Business Wire)
National Oilwell Varco, Inc. (NYSE: NOV). National Oilwell Varco
announced today that Marcela E. Donadio has been appointed to the
National Oilwell Varco Board of Directors effective April 8, 2014.
Clay Williams, National Oilwell Varco’s President and Chief Executive
Officer, remarked that “I am delighted to welcome Marcela to our board.
She brings excellent hands-on auditing and accounting experience from
her long career, and the entire board looks forward to working with her.”
Ms. Donadio has over 37 years of audit and public accounting experience
with a specialization in domestic and international operations in all
segments of the energy industry. Ms. Donadio was Americas Oil & Gas
Sector Leader of Ernst & Young LLP, from which she retired in March
2014. Ms. Donadio joined Ernst & Young in 1976, serving since 1989 as
audit partner for multiple companies in the oil and gas industry. She
held various energy industry leadership positions until being named
Americas Oil & Gas Sector Leader in 2007. In that role she was
responsible for one of the firm’s most significant industry groups in
the US and throughout the Americas. Ms. Donadio earned a Bachelor of
Science degree in Accounting from Louisiana State University and is a
licensed certified public accountant in the State of Texas.
With the appointment of Ms. Donadio, National Oilwell Varco’s board is
now comprised of ten directors, eight of whom are external and
independent.
NOV also announced that NOW Inc. has filed its amended Form 10 with the
Securities and Exchange Commission. Copies of the document are available
on the NOV website. The company anticipates the spin will be completed
in the second quarter of 2014.
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.
Contacts:
National Oilwell Varco, Inc.
Jeremy Thigpen, (713)
346-7301
Source: National Oilwell Varco, Inc.
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