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National Oilwell Varco Inc (NOV)

NOV on New York Consolidated

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21 Sep 2017
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Summary

Name Age Since Current Position

Clay Williams

54 2014 Chairman of the Board, President, Chief Executive Officer

Jose Bayardo

45 2015 Chief Financial Officer, Senior Vice President

Joseph Rovig

56 2014 President - Rig Systems & Rig Aftermarket

Craig Weinstock

58 2014 Senior Vice President, General Counsel, Secretary

Scott Duff

49 2015 Chief Accounting Officer, Vice President, Corporate Controller

Greg Armstrong

58 Lead Independent Director

Melody Meyer

2017 Director

Marcela Donadio

62 2014 Independent Director

Ben Guill

66 1999 Independent Director

James Hackett

63 2016 Independent Director

David Harrison

70 2003 Independent Director

Eric Mattson

65 2005 Independent Director

William Thomas

64 2015 Independent Director

Lydia Brantley

IR Contact Officer

Biographies

Name Description

Clay Williams

Mr. Clay C. Williams is Chairman of the Board, President, Chief Executive Officer of the Company. Mr. Williams has served as the Company’s Chief Executive Officer since February 2014 and as the Company’s President since December 2012. Mr. Williams served as the Company’s Chief Operating Officer from December 2012 until February 2014. Mr. Williams previously served as the Company’s Executive Vice President from February 2009 and as the Company’s Senior Vice President and Chief Financial Officer from March 2005, until December 2012. He served as Varco’s Vice President and Chief Financial Officer from January 2003 until its merger with the Company on March 11, 2005. From May 2002 until January 2003, Mr. Williams served as Varco’s Vice President Finance and Corporate Development. From February 2001 until May 2002, and from February 1997 until February 2000, he served as Varco’s Vice President—Corporate Development. Mr. Williams serves as a director of Benchmark Electronics, Inc., a company engaged in providing electronic manufacturing services in the United States and internationally. Mr. Williams has been an officer of a publicly traded company since 1997, occupying positions of increasing importance from VP-Corporate Development, to Senior VP and CFO, to President and COO, to President and CEO. Mr. Williams has extensive experience with the Company and the oil service industry. Mr. Williams has an MBA degree from the University of Texas at Austin, as well as a Bachelor of Science degree in Civil/Geological Engineering from Princeton University. Mr. Williams has also gained valuable outside board experience from his tenure as a director of Benchmark Electronics, Inc.

Jose Bayardo

Mr. Jose A. Bayardo is Senior Vice President and Chief Financial Officer of National Oilwell Varco, Inc. Prior to joining the Company in 2015, Mr. Bayardo served as Senior Vice President, Resource and Business Development at Continental Resources, Inc. and spent nine years serving in various roles at Complete Production Services, Inc. including Senior Vice President, Chief Financial Officer and Treasurer. Prior to joining Complete Production Services, Mr. Bayardo was an investment banker with J.P. Morgan. Mr. Bayardo holds a Bachelor of Science in Chemical Engineering from the University of Texas at Austin, a Master of Engineering Management from the McCormick School of Engineering at Northwestern University and a MBA from the Kellogg Graduate School of Management at Northwestern University.

Joseph Rovig

Mr. Joseph W. Rovig is President - Rig Systems & Rig Aftermarket of the Company . Mr. Rovig has over 36 years of experience in the oilfield, where he started out as a roughneck. Mr. Rovig joined the Company in 2002 and has had several positions over the years, most recently as Senior Vice President, Offshore Drilling Equipment.

Craig Weinstock

Mr. Craig L. Weinstock is Senior Vice President, General Counsel, Secretary of the Company, Mr. Weinstock holds a Bachelor of Arts from the State University of New York and a J.D. from Vanderbilt Law School. Before joining National Oilwell Varco, he practiced law at Locke Lord, LLP in Texas for 29 years counseling corporate boards and independent directors regarding governance, securities and compliance matters. While practicing with Locke Lord, Mr. Weinstock worked on behalf of National Oilwell Varco on a variety of matters. Since joining National Oilwell Varco in October 2013, Mr. Weinstock has served as National Oilwell Varco’s Vice President, Chief Compliance Officer and Vice President of Internal Audit.

Scott Duff

Mr. Scott K. Duff is Chief Accounting Officer, Vice President, Corporate and Controller of the Company. Mr. Duff holds a Bachelor of Business Administration in Accounting from the University of Texas at San Antonio and is a Certified Public Accountant. He held accounting positions at KPMG, Ernst & Young, and SBC before joining National Oilwell in 2004. Mr. Duff previously served as the Company’s Vice President of Internal Audit from 2005 to June 2014.

Greg Armstrong

Mr. Greg L. Armstrong is an Lead Independent Director of National Oilwell Varco Inc. Mr. Armstrong served as a Director of Varco from May 20, 2004 until its merger with the Company on March 11, 2005. Since 1998, he has been the Chairman of the Board and Chief Executive Officer of Plains All American GP LLC, the general partner and controlling entity of Plains All American Pipeline, L.P., a publicly traded master limited partnership engaged in the business of marketing, gathering, transporting, terminalling and storing crude oil. From 2010 to 2013, he served as Chairman of the Board and Chief Executive Officer of PAA Natural Gas Storage, L.P., a publicly traded master limited partnership engaged in the natural gas storage business, the outstanding minority interest of which was acquired by Plains All American in 2013. Mr. Armstrong is Vice Chairman of the National Petroleum Council and is a director and Deputy Chairman of the Federal Reserve Bank of Dallas and previously served as a director and Chairman of the Federal Reserve Bank of Dallas, Houston Branch. Mr. Armstrong has approximately 31 years of experience being a certified public accountant (currently inactive) and eight years of experience serving as a chief financial officer. Mr. Armstrong has been an officer of a publicly traded energy company since 1981, occupying positions of increasing importance ranging from controller, to CFO, to COO and CEO. Through service in these roles, he gained extensive experience in assessing the risks associated with various energy industry cycles. He has also gained valuable outside board experience from his previous tenure as a director of BreitBurn Energy Partners.

Melody Meyer

Ms. Melody B. Meyer is Director of the Company. Ms. Meyer was with Chevron for over 37 years and held various positions of increasing responsibility, including managing domestic and international operations, managing strategy and planning and leading new technology development for the organization. Ms. Meyer was the President of Chevron Asia Pacific Exploration and Production from 2011 until her retirement in 2016. Prior to that, Ms. Meyer served as the President of the Chevron Energy Technology Company from 2008 to 2011 and the Vice President of Chevron's Gulf of Mexico business unit from 2004 to 2008. Ms. Meyer received a Bachelor of Science in Mechanical Engineering from Trinity University in 1979. Additionally, Ms. Meyer attended the Dartmouth Tuck Executive Education Program in 1997.

Marcela Donadio

Ms. Marcela E. Donadio is an Independent Director of the Company. She 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 also served as spokesperson of the firm on business and industry issues affecting energy companies, including those relevant to accounting standards. Ms. Donadio also serves on the Board of Directors of Marathon Oil Corporation, an energy company, and Norfolk Southern Corporation, a transportation company. Ms. Donadio provides valuable service and experience to the Audit Committee, due to her 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 has in-depth experience on numerous audit engagements of global energy companies conducted in compliance with the Sarbanes-Oxley Act and under the financial reporting requirements of the SEC. 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.

Ben Guill

Mr. Benjamin A. Guill is an Independent Director of National Oilwell Varco Inc. He is a Managing Partner of White Deer Energy, a middle market private equity fund focused on energy investments. Until April 2007, he was President of First Reserve Corporation, a corporate manager of private investments focusing on the energy and energy-related sectors, which he joined in September 1998. Prior to joining First Reserve, Mr. Guill was the Managing Director and Co-head of Investment Banking of Simmons & Company International, an investment-banking firm specializing in the oil service industry. Mr. Guill has an MBA degree and 22 years of experience in investment banking and 16 years of experience in private equity. Mr. Guill also served as president of a private investment firm focused on the energy sector. Mr. Guill has over 35 years of experience in the energy industry as an investment banker and private equity investor. Mr. Guill has also gained valuable outside board experience from his previous tenures as a director of: Emerald Oil, Inc., Dresser, Inc., Quanta Services, Inc., T-3 Energy Services, Inc., Chart Industries, Inc. and the general partner of Cheniere Energy Partners, L.P.

James Hackett

Mr. James T. “Jim” Hackett is Independent Director of the Company. Mr. Hackett is a Partner at Riverstone Holdings, LLC, an energy focused private investment firm, based in New York. In connection with his work at Riverstone, Mr. Hackett is currently serving as the Chief Executive Officer and a director of Silver Run Acquisition Corporation II (“Silver Run II”), a special purpose acquisition corporation (or SPAC), that is sponsored by Riverstone, went public in March 2017 and is currently targeting opportunities in the energy industry. Silver Run II raised approximately $1 billion in its IPO and at least 90% of the offering proceeds are held in a trust account and invested in short-term U.S. government treasury bills pending completion of Silver Run II’s acquisition of a target business. If Silver Run II is unable to complete such an acquisition by March 2019, the offering proceeds will be returned to its stockholders. Currently, Silver Run II has no operations and no full-time employees. If Silver Run II does complete an acquisition, depending on the nature of the management team in place at the target business, Mr. Hackett may only serve as Silver Run II’s chairman going forward. Certain institutional investors and proxy advisory firms may vote against, or recommend a vote against, a chief executive officer who is serving as a director at his public company and as a director at more than two other public companies (and in some cases, more than just one other public company). Because of the unique circumstances applicable to a SPAC such as Silver Run II, which is relatively new and has not yet acquired any operating business, we believe that the traditional concerns regarding “overboarding” are not applicable to Mr. Hackett and, regardless, would be outweighed by Mr. Hackett’s contribution to our Board in light of his extraordinary qualifications.

David Harrison

Mr. David D. Harrison is an Independent Director of National Oilwell Varco Inc. He has served as Executive Vice President and Chief Financial Officer of Pentair, Inc., a diversified manufacturer in water technologies and enclosures businesses, since February 2000 until his retirement in February 2007. He also served as Executive Vice President and Chief Financial Officer of Pentair, Inc. from 1994 to 1996. From 1972 through 1994, Mr. Harrison held various domestic and international finance positions with a combination of General Electric and Borg-Warner Chemicals. Mr. Harrison served as a director of Navistar International Corporation until his retirement from the Board in October 2012. Navistar is a holding company whose wholly owned subsidiaries produce International® brand commercial trucks, MaxxForce brand diesel engines, IC brand school buses, and Workhorse brand chassis for motor homes and step vans. Mr. Harrison also serves as a director of James Hardie Industries, a leading fiber cement technology company. Mr. Harrison provides valuable service and experience to the Audit Committee, due to his 29 years of being a certified management accountant and 15 years of experience serving as a chief financial officer and chief accounting officer of publicly traded companies. Mr. Harrison has 45 years of continuous experience in major domestic and foreign companies in a variety of different industries. Mr. Harrison’s experience outside the energy industry helps provide a different perspective for the Company. He has a bachelor’s degree in accounting and an MBA degree. He has also gained valuable outside board experience from his tenure as a director of Navistar International Corporation and James Hardie Industries.

Eric Mattson

Mr. Eric L. Mattson is an Independent Director of National Oilwell Varco Inc. Mr. Mattson served as a Director of Varco (and its predecessor, Tuboscope Inc.) from January 1994 until its merger with the Company on March 11, 2005. Mr. Mattson is currently an investor in and serves as the EVP-Finance of SES Holdings, LLC, a privately held oil service company located in Gainesville, Texas, and also serves as EVP-Finance of Select Energy Services, Inc., an affiliate of SES Holdings, LLC, and which recently filed its Form S-1 to go public. Prior to that, Mr. Mattson served as Senior Vice President and Chief Financial Officer of VeriCenter, Inc., a private provider of managed hosting services, since 2003, until its acquisition in August 2007. From November 2002 until October 2003, Mr. Mattson worked as an independent consultant. Mr. Mattson was the Chief Financial Officer of Netrail, Inc., a private Internet backbone and broadband service provider, from September 1999 until November 2002. From July 1993 until May 1999, Mr. Mattson served as Senior Vice President and Chief Financial Officer of Baker Hughes Incorporated, a provider of products and services to the oil, gas and process industries. Mr. Mattson serves as a director of Rex Energy Corporation, a company engaged in the acquisition, production, exploration and development of oil and gas. Mr. Mattson has an MBA degree and 43 years of financial experience, including 24 years as a chief financial officer of four different companies. Mr. Mattson has extensive experience in the oil service business, having worked in that industry for over 34 years. He also has extensive mergers and acquisitions experience of over 34 years on a global basis. Mr. Mattson has dealt with all facets of potential risk areas for a global energy service company, as a former chief financial officer of Baker Hughes, and brings that experience and perspective to the Company.

William Thomas

Mr. William R. Thomas is an Independent Director of the Company. Mr. Thomas has been serving as the Chairman and CEO of EOG Resources, Inc. since January 2014. Prior to that, he served as President and Chief Executive Officer from July 2013 through December 2013 and as President from September 2011 to July 2013. Mr. Thomas previously held other leadership positions at EOG Resources, Inc., including Senior Executive Vice President, Exploitation and Senior Executive Vice President, Exploration. Mr. Thomas has been with EOG Resources, Inc. and its predecessor companies since 1979. Mr. Thomas provides valuable service and experience to the Audit Committee, due to his over three years of experience serving as a director of, and as the Chief Executive Officer of, EOG Resources, Inc. (EOG). Mr. Thomas has been with EOG and its predecessor companies for over 38 years. Through his service at EOG and various leadership positions held with EOG, he has gained valuable knowledge of the oil and gas industry and extensive experience in assessing the risks associated with various energy industry cycles. Mr. Thomas received a Bachelor of Science degree in Geology from Texas A&M University in 1975.

Lydia Brantley

Basic Compensation

Name Fiscal Year Total

Clay Williams

10,581,500

Jose Bayardo

3,826,490

Joseph Rovig

2,839,360

Craig Weinstock

2,430,430

Scott Duff

1,959,780

Greg Armstrong

299,519

Melody Meyer

--

Marcela Donadio

289,269

Ben Guill

277,019

James Hackett

228,019

David Harrison

302,519

Eric Mattson

277,394

William Thomas

291,519

Lydia Brantley

--
As Of  30 Dec 2016