National Oilwell Varco, Inc. Announces Executive Changes
April 09, 2020 at 07:08 pm EDT
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National Oilwell Varco, Inc. announced the retirement of Hege Kverneland, the Company’s Corporate Vice President and Chief Technology Officer, effective April 17, 2020. David Reid has been named as Ms. Kverneland’s successor. Ms. Kverneland joined NOV through the acquisition of Hitec in 1999. Starting in 2001, Ms. Kverneland worked as the Company’s Corporate R&D manager until she was promoted to Chief Technology Officer in 2009. As Chief Marketing Officer, Mr. Reid has been charged with developing the market and strategic engine of NOV across regional operations and business segments. Mr. Reid joined Varco International in 1992, and has lived in Scotland, California and Houston while working worldwide in roles covering business development, product development, leadership, and management.
NOV Inc. is an independent equipment and technology provider to the global energy industry. The Companyâs segments include Energy Equipment, and Energy Products and Services. Its Energy Products and Services segment provides a variety of technologies used primarily to perform drilling and well completion operations and offers services that optimize their performance. Its Energy Products and Services segment designs, manufactures, rents, and sells equipment and products for drilling, intervention, completion, and production activities, including drill bits, downhole tools, premium drill pipe, drilling fluids, managed pressure drilling, integral and weld-on connectors for conductor strings and surface casing, completion tools, and artificial lift systems. Its Energy Equipment segment manufactures and supports the capital equipment and integrated systems needed for oil and gas exploration and production, both onshore and offshore, as well as for other marine-based and industrial markets.