Friday Nov 29
NOV: A tale of one major merger, two CEOs and a spinoff
Houston Business Journal sat down with National Oilwell Varco's outgoing CEO, Pete Miller, and incoming CEO, Clay Williams, to pick their brains about succession planning, its planned spinoff company and who NOV might acquire next.
National Oilwell releases name of spinoff, new executive team
The Houston-based oilfield equipment designer and manufacturer has formed a new Delaware corporation, NOW Inc., to eventually serve as the previously announced distribution business.
Oil and Gas Investor
Chairman, CEO Miller Steps Down From NOV
Chairman and CEO Merrill A. "Pete" Miller Jr. has informed the board of directors that he intends to step down, the company announced on Nov. 14. Miller plans to depart from those positions contemporaneous with the completion of the previously announced plan to spin off to its shareholders its distribution business as an independent, publicly ... (more)
Wall Street Journal
National Oilwell CEO to Step Down
National Oilwell Varco Inc. Chairman and Chief Executive Merrill A. "Pete" Miller Jr. plans to step down when the company completes a planned spinoff of its distribution business to become the executive chairman of the that company.
Record backlog at National Oilwell Varco sets plan for future
Coming off of a record third quarter, National Oilwell Varco Inc. CEO Merrill "Pete" Miller is preparing to wrap up a year that's proving some of the doom and gloom forecasters wrong.