National Oilwell Varco appoints new board member

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14 April 2016, Oil, Gas

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Clay C. Williams, Chairman, President and CEO of National Oilwell Varco, stated, "It is with great pleasure that I welcome Jim Hackett to our board of directors. Jim's extensive experience in the global energy industry will bring an important perspective and dimension to our board. Jim's deep background in the industry will be very beneficial to our strategic efforts as we continue to navigate through this difficult cycle."

Mr Hackett is a Partner at Riverstone Holdings, LLC, an energy-focused private investment firm, based in New York. Prior to joining Riverstone Holdings, LLC in 2013, Mr Hackett served as the Chairman of the Board from 2006 to 2013 and the CEO from 2003 to 2012 of Anadarko Petroleum Corporation. Before joining Anadarko, Mr Hackett served as President and COO of Devon Energy Corporation, following its merger with Ocean Energy, where he had served as Chairman, President, and CEO. Mr Hackett has also held senior positions at Seagull, Duke Energy, and Pan Energy. He also held positions in engineering, finance and marketing with NGC Corp., Burlington Resources, and Amoco Oil Corp.

With the appointment of Mr Hackett, the company's board of directors is now comprised of nine directors, eight of whom are external and independent.

Source: MarketLine

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