HOUSTON--(BUSINESS WIRE)--Jan. 17, 2014--
National Oilwell Varco, Inc. (NYSE: NOV) 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. On the effective date of the
spinoff, Mr. Raymond Chang will become the Vice President, General
Counsel and Secretary of the publicly traded distribution company.
Mr. Chang started with National Oilwell Varco in 2001 and has held
various positions within the Company’s Legal Department since his start.
He has served as Vice President, Assistant General Counsel & Secretary
since 2009.
National Oilwell Varco previously announced that Mr. Merrill A. “Pete”
Miller, Jr. will assume the role of Executive Chairman, Robert Workman
will become Chief Executive Officer, and Dan Molinaro will be the Chief
Financial Officer of that publicly traded distribution company on the
effective date of the spinoff.
Mr. Miller remarked, “We are all very excited by the prospect of Raymond
joining the executive management ranks of this new company. I believe
that his legal and industry experience will make him an essential member
of a first class management team.”
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
