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NOV Appoints Chris Kendall to the Board of Directors

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NOV Inc. (NYSE: NOV) has appointed Chris Kendall to its Board of Directors, effective December 15, 2024. Kendall brings over 30 years of global oil and gas industry experience, including his recent role as President and CEO of Denbury Inc. before its acquisition by Exxon Mobil in November 2023. His background includes leadership positions at Noble Energy and Mobil , with expertise in international operations, carbon capture, and enhanced oil recovery.

Kendall will serve on NOV's Audit Committee. He currently serves as a director of California Resources and Carbon TerraVault. With his appointment, NOV's board now consists of eleven directors, with ten being independent members.

NOV Inc. (NYSE: NOV) ha nominato Chris Kendall nel suo Consiglio di Amministrazione, con effetto dal 15 dicembre 2024. Kendall porta con sé oltre 30 anni di esperienza nell'industria globale del petrolio e del gas, compreso il suo recente ruolo di Presidente e CEO di Denbury Inc. prima della sua acquisizione da parte di Exxon Mobil nel novembre 2023. Il suo background include posizioni di leadership presso Noble Energy e Mobil, con competenze in operazioni internazionali, cattura di carbonio e recupero avanzato di petrolio.

Kendall farà parte del Comitato di Revisione di NOV. Attualmente è direttore di California Resources e Carbon TerraVault. Con la sua nomina, il consiglio di NOV ora è composto da undici direttori, di cui dieci sono membri indipendenti.

NOV Inc. (NYSE: NOV) ha nombrado a Chris Kendall en su Junta Directiva, con efecto a partir del 15 de diciembre de 2024. Kendall aporta más de 30 años de experiencia en la industria global del petróleo y gas, incluida su reciente función como Presidente y CEO de Denbury Inc. antes de su adquisición por Exxon Mobil en noviembre de 2023. Su trayectoria incluye puestos de liderazgo en Noble Energy y Mobil, con experiencia en operaciones internacionales, captura de carbono y recuperación mejorada de petróleo.

Kendall servirá en el Comité de Auditoría de NOV. Actualmente es director de California Resources y Carbon TerraVault. Con su nombramiento, la junta de NOV ahora está compuesta por once directores, de los cuales diez son miembros independientes.

NOV Inc. (NYSE: NOV)는 2024년 12월 15일부로 Chris Kendall을 이사회에 임명했습니다. Kendall은 최근 Exxon Mobil이 2023년 11월에 Denbury Inc.를 인수하기 전까지의 대통령 및 CEO 역할을 포함하여, 세계 석유 및 가스 산업에서 30년 이상의 경험을 가지고 있습니다. 그의 경력에는 Noble Energy와 Mobil에서의 리더십 직책이 포함되어 있으며, 국제 운영, 탄소 포집 및 향상된 석유 회수에 대한 전문 지식을 보유하고 있습니다.

Kendall은 NOV의 감사 위원회에서 활동할 것입니다. 현재 그는 California Resources와 Carbon TerraVault의 이사로 재직 중입니다. 그의 임명으로, NOV의 이사회는 이제 11명의 이사로 구성되며 이 중 10명이 독립 이사입니다.

NOV Inc. (NYSE: NOV) a nommé Chris Kendall à son Conseil d'administration, avec effet à partir du 15 décembre 2024. Kendall apporte plus de 30 ans d'expérience dans l'industrie mondiale du pétrole et du gaz, y compris son rôle récent de président et PDG de Denbury Inc. avant son acquisition par Exxon Mobil en novembre 2023. Son parcours inclut des postes de direction chez Noble Energy et Mobil, avec une expertise dans les opérations internationales, la capture du carbone et le meilleur rendement pétrolier.

Kendall siégera au Comité d'audit de NOV. Il est actuellement directeur de California Resources et Carbon TerraVault. Avec sa nomination, le conseil d'administration de NOV se compose désormais de onze directeurs, dont dix sont des membres indépendants.

NOV Inc. (NYSE: NOV) hat Chris Kendall in seinen Vorstand berufen, mit Wirkung zum 15. Dezember 2024. Kendall bringt über 30 Jahre Erfahrung in der globalen Öl- und Gasindustrie mit, einschließlich seiner letzten Rolle als Präsident und CEO von Denbury Inc. vor dessen Übernahme durch Exxon Mobil im November 2023. Sein Hintergrund umfasst Führungspositionen bei Noble Energy und Mobil sowie Fachkenntnisse in internationalen Operationen, Kohlenstoffabscheidung und verbesserter Ölgewinnung.

Kendall wird im Prüfungsausschuss von NOV tätig sein. Derzeit ist er Direktor bei California Resources und Carbon TerraVault. Mit seiner Ernennung besteht der Vorstand von NOV nun aus elf Direktoren, von denen zehn unabhängig sind.

Positive
  • Addition of director with 30+ years of industry experience
  • Strengthened board expertise in carbon capture and enhanced oil recovery
  • Increased board independence with 10 out of 11 directors being independent
Negative
  • None.

HOUSTON--(BUSINESS WIRE)-- NOV Inc. (NYSE: NOV) announced today that Chris Kendall has been appointed to the Company’s Board of Directors, effective December 15, 2024.

“We are pleased to welcome Chris Kendall to our board of directors,” said Clay Williams, Chairman, President, and Chief Executive Officer. “Chris brings extensive experience in international, offshore, and domestic upstream oilfield operations to NOV’s board. He has a strong and proven record of accomplishments and technical expertise that includes carbon capture and enhanced oil recovery. We look forward to leveraging Chris’ expertise to further advance our strategy and create value for NOV’s shareholders.”

Mr. Kendall has more than 30 years of experience in the global oil and gas industry, including as a director, President, and Chief Executive Officer of Denbury Inc. prior to its acquisition by Exxon Mobil Corporation in November 2023. Prior to joining Denbury, Mr. Kendall was with Noble Energy, serving as the Senior Vice President, Global Operations Services. During his 14-year tenure at Noble Energy, Mr. Kendall held several international and domestic leadership roles, primarily in the Eastern Mediterranean, Latin America, and the Gulf of Mexico regions.

Mr. Kendall began his energy career at Mobil Corporation in 1989. He received a Bachelor of Science in Engineering, Civil Specialty from the Colorado School of Mines and graduated from Harvard Business School’s Advanced Management Program. Mr. Kendall currently serves as a director of California Resources Corporation, chair of its Nominating & Corporate Governance Committee, and member of its Audit Committee. He also serves as a director of Carbon TerraVault, a subsidiary of California Resources Corporation. Mr. Kendall will serve on NOV Inc.’s Audit Committee upon his appointment to the board.

With the appointment of Mr. Kendall, NOV Inc.’s board of directors is now composed of eleven directors, ten of whom are independent members.

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

When will Chris Kendall join NOV's Board of Directors?

Chris Kendall will join NOV's Board of Directors effective December 15, 2024.

What committee will Chris Kendall serve on at NOV?

Chris Kendall will serve on NOV's Audit Committee upon his appointment to the board.

How many independent directors does NOV have after Kendall's appointment?

After Chris Kendall's appointment, NOV has ten independent directors out of eleven total board members.

What was Chris Kendall's previous executive role before joining NOV's board?

Chris Kendall previously served as President and CEO of Denbury Inc. until its acquisition by Exxon Mobil in November 2023.

What specific expertise does Chris Kendall bring to NOV's board?

Chris Kendall brings expertise in international, offshore, and domestic upstream oilfield operations, as well as experience in carbon capture and enhanced oil recovery.

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