NOV Appoints Robert Welborn to the Board of Directors

Rhea-AI Summary

NOV Inc. (NYSE: NOV) has appointed Robert Welborn to its Board of Directors, effective October 20, 2021. Welborn currently heads Programs Data Science at Facebook, Inc., overseeing solutions used by over 140 million businesses globally. His previous roles include Global Chief Data and Analytics Officer at General Motors and Chief Data Scientist at USAA. With this addition, NOV's board now consists of ten directors, with nine being independent. The company focuses on delivering technology-driven solutions to the global energy industry, enhancing oilfield operations and advancing sustainability.

Positive

• Appointment of Robert Welborn brings expertise in data sciences and digital technologies.
• Welborn's background in leading innovative solutions can enhance NOV's strategic direction.
• Increased board strength with nine out of ten directors being independent.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- NOV Inc. (NYSE: NOV) announced today that Robert Welborn has been appointed to the Company’s Board of Directors, effective October 20, 2021.

Mr. Welborn is the Head of Programs Data Science, Small Business Group for Facebook, Inc. where he oversees the development of solutions used by over 140 million businesses around the world. Prior to joining Facebook, he held various positions within General Motors, including Global Chief Data and Analytics Officer and served in several positions of increasing responsibility at USAA, including Chief Data Scientist. Mr. Welborn holds a Bachelor of Science in Engineering from Texas A&M University and a Master of Business Administration from the University of California, San Diego.

“Robert is an accomplished technology executive and a leading innovator in the fields of data sciences and digital technologies,” said Clay Williams, Chairman, President, and Chief Executive Officer. “We are excited to welcome Robert to our Board and are confident that his extensive expertise will provide us with invaluable perspectives as we continue to pioneer leading-edge technology solutions for the global energy industry.”

With the appointment of Mr. Welborn, NOV’s board of directors is now composed of ten directors, nine of which 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211020005739/en/

Blake McCarthy

Vice President, Corporate Development and Investor Relations

(713) 815-3535

Blake.McCarthy@nov.com

Source: NOV Inc.

FAQ

Who is Robert Welborn and what is his role at NOV?

Robert Welborn has been appointed to NOV's Board of Directors where he will provide expertise in data sciences and digital technologies.

When was Robert Welborn appointed to the Board of NOV?

Robert Welborn was appointed to the Board of NOV on October 20, 2021.

What is the significance of the board composition at NOV?

With the addition of Robert Welborn, NOV's board consists of ten members, nine of whom are independent, which enhances governance.

What previous experience does Robert Welborn have?

Robert Welborn previously served as Head of Programs Data Science at Facebook and held senior positions at General Motors and USAA.

What is NOV's focus in the energy industry?

NOV focuses on delivering technology-driven solutions to improve oilfield operations and support sustainability in the energy sector.