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NOV Announces Key Leadership Changes

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NOV Inc. (NYSE: NOV) has announced significant leadership changes as part of its long-term succession planning. Jose Bayardo, previously Senior Vice President & Chief Financial Officer, has been promoted to President & Chief Operating Officer. Rodney Reed, former President of NOV Process Flow Technologies, will take over as Senior Vice President & Chief Financial Officer.

Bayardo, who joined NOV in 2015, brings experience from Continental Resources, Complete Production Services, and J.P. Morgan. He holds degrees from the University of Texas at Austin and Northwestern University. Reed, with NOV since 2014, has served in various leadership roles including President of Process Flow Technologies and Completion Tools business units. He previously worked at Ernst & Young and holds accounting degrees from Louisiana State University.

NOV Inc. (NYSE: NOV) ha annunciato importanti cambiamenti nella leadership come parte della sua pianificazione successoria a lungo termine. Jose Bayardo, precedentemente Vicepresidente Senior e Direttore Finanziario, è stato promosso a Presidente e Direttore Operativo. Rodney Reed, ex Presidente di NOV Process Flow Technologies, assumerà il ruolo di Vicepresidente Senior e Direttore Finanziario.

Bayardo, che è entrato in NOV nel 2015, porta con sé esperienza da Continental Resources, Complete Production Services e J.P. Morgan. Ha conseguito lauree presso l'Università del Texas ad Austin e la Northwestern University. Reed, che lavora in NOV dal 2014, ha ricoperto vari ruoli di leadership, tra cui Presidente delle unità di business Process Flow Technologies e Completion Tools. Ha precedentemente lavorato presso Ernst & Young e ha conseguito lauree in contabilità presso la Louisiana State University.

NOV Inc. (NYSE: NOV) ha anunciado cambios significativos en el liderazgo como parte de su planificación de sucesión a largo plazo. Jose Bayardo, anteriormente Vicepresidente Senior y Director Financiero, ha sido promovido a Presidente y Director de Operaciones. Rodney Reed, ex Presidente de NOV Process Flow Technologies, asumirá el cargo de Vicepresidente Senior y Director Financiero.

Bayardo, quien se unió a NOV en 2015, aporta experiencia de Continental Resources, Complete Production Services y J.P. Morgan. Tiene títulos de la Universidad de Texas en Austin y de la Universidad Northwestern. Reed, que ha estado en NOV desde 2014, ha ocupado varios roles de liderazgo, incluyendo Presidente de las unidades de negocio Process Flow Technologies y Completion Tools. Anteriormente trabajó en Ernst & Young y tiene títulos en contabilidad de la Universidad Estatal de Luisiana.

NOV Inc. (NYSE: NOV)는 장기 승계 계획의 일환으로 중요한 리더십 변화를 발표했습니다. Jose Bayardo는 이전에 수석 부사장 및 최고 재무 책임자였으며, 사장 및 최고 운영 책임자로 승진했습니다. Rodney Reed는 NOV 프로세스 흐름 기술의 전 사장으로, 수석 부사장 및 최고 재무 책임자로 취임할 예정입니다.

Bayardo는 2015년에 NOV에 합류했으며, Continental Resources, Complete Production Services 및 J.P. Morgan에서의 경험을 가지고 있습니다. 그는 텍사스 대학교 오스틴 캠퍼스와 노스웨스턴 대학교에서 학위를 받았습니다. Reed는 2014년부터 NOV에서 근무하며 프로세스 흐름 기술 및 완공 도구 사업부의 사장 등 다양한 리더십 역할을 수행했습니다. 그는 이전에 Ernst & Young에서 일했으며, 루이지애나 주립대학교에서 회계 학위를 취득했습니다.

NOV Inc. (NYSE: NOV) a annoncé des changements significatifs au sein de sa direction dans le cadre de sa planification de succession à long terme. Jose Bayardo, anciennement Vice-Président Senior et Directeur Financier, a été promu au poste de Président et Directeur des Opérations. Rodney Reed, ancien Président de NOV Process Flow Technologies, prendra la relève en tant que Vice-Président Senior et Directeur Financier.

Bayardo, qui a rejoint NOV en 2015, apporte une expérience acquise chez Continental Resources, Complete Production Services et J.P. Morgan. Il est titulaire de diplômes de l'Université du Texas à Austin et de l'Université Northwestern. Reed, présent chez NOV depuis 2014, a occupé divers postes de direction, dont celui de Président des unités commerciales Process Flow Technologies et Completion Tools. Il a précédemment travaillé chez Ernst & Young et possède des diplômes en comptabilité de l'Université d'État de Louisiane.

NOV Inc. (NYSE: NOV) hat bedeutende Führungswechsel im Rahmen seiner langfristigen Nachfolgeplanung angekündigt. Jose Bayardo, zuvor Senior Vice President und Chief Financial Officer, wurde zum Präsidenten und Chief Operating Officer befördert. Rodney Reed, ehemaliger Präsident von NOV Process Flow Technologies, wird die Position des Senior Vice President und Chief Financial Officer übernehmen.

Bayardo, der 2015 zu NOV kam, bringt Erfahrung von Continental Resources, Complete Production Services und J.P. Morgan mit. Er hat Abschlüsse von der University of Texas at Austin und der Northwestern University. Reed ist seit 2014 bei NOV und hat in verschiedenen Führungspositionen gedient, darunter Präsident der Geschäftseinheiten Process Flow Technologies und Completion Tools. Zuvor arbeitete er bei Ernst & Young und hat Abschlüsse in Rechnungswesen von der Louisiana State University.

Positive
  • Strategic leadership transition executed as part of planned succession
  • Internal promotions demonstrate strong talent pipeline
  • Both executives bring extensive industry and company-specific experience
Negative
  • None.

HOUSTON--(BUSINESS WIRE)-- NOV Inc. (NYSE: NOV) today announced key leadership changes within its senior management team pursuant to the Company's long term succession planning. As part of this plan, Jose Bayardo, the Company's Senior Vice President & Chief Financial Officer, has been promoted to President & Chief Operating Officer. Rodney Reed, the Company's President of NOV Process Flow Technologies, has been promoted to Senior Vice President & Chief Financial Officer.

Mr. Bayardo has served in his previous role since joining the Company in 2015. Before joining NOV, he served in senior resource and business development roles at Continental Resources, Inc. and in senior operating and finance roles at Complete Production Services, Inc., after working in investment banking with J.P. Morgan. He 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 Master of Business Administration from the Kellogg Graduate School of Management at Northwestern University.

Since joining NOV in 2014, Mr. Reed has served as President of NOV’s Process Flow Technologies business unit, President of NOV’s Completion Tools business unit, Vice President of Corporate Development, and Vice President of Internal Audit. Before joining NOV, Mr. Reed served as Senior Manager for Ernst & Young. Mr. Reed holds a bachelor’s degree and a master’s degree in Accounting from Louisiana State University, where he was a two-time First-Team Academic All-American.

Clay Williams, NOV Chairman & CEO, remarked "Jose and Rodney are both seasoned executives with deep understanding of the industry we serve and NOV's unique role within it. They are both well-prepared to assume their new responsibilities, to help NOV continue to drive superior results for our customers and our stakeholders."

About NOV

NOV delivers technology-driven solutions to empower the global energy industry. For more than 150 years, NOV has pioneered innovations that enable its customers to safely produce abundant energy while minimizing environmental impact. The energy industry depends on NOV’s deep expertise and technology to continually improve oilfield operations and assist in efforts to advance the energy transition towards a more sustainable future. NOV powers the industry that powers the world.

Visit www.nov.com for more information.

Amie D’Ambrosio

Director, Investor Relations

(713) 375-3826

amie.dambrosio@nov.com

Source: NOV Inc.

FAQ

What leadership changes did NOV announce in its recent organizational restructuring?

NOV announced two key promotions: Jose Bayardo from SVP & CFO to President & COO, and Rodney Reed from President of Process Flow Technologies to SVP & CFO.

What is Jose Bayardo's background and experience before joining NOV?

Before joining NOV in 2015, Bayardo worked in senior roles at Continental Resources, Complete Production Services, and as an investment banker at J.P. Morgan.

What positions has Rodney Reed held at NOV since 2014?

Reed has served as President of NOV's Process Flow Technologies, President of Completion Tools, VP of Corporate Development, and VP of Internal Audit.

How do these NOV leadership changes align with company strategy?

The changes are part of NOV's long-term succession planning, aimed at driving superior results for customers and stakeholders.
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