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NOV Appoints Marcela E. Donadio as New Board Member

Contributed by: PumpScout Staff

National Oilwell Varco (NOV) is a multinational corporation dealing in the design, manufacture and sale of oil & gas drilling equipment. The company is headquartered in Texas, USA.

Effective April 8, 2014, the company appointed Marcela E. Donadio to its Board of Directors, raising its total number of directors to ten. Eight of the ten directors are external and independent. 

Clay Williams, National Oilwell Varco’s President and CEO, says: “I am delighted to welcome Marcela to our board. She brings excellent hands-on auditing and accounting experience from her long career, and the entire board looks forward to working with her.”

Donadio has over 37 years of audit and public accounting experience, specializing in domestic and international operations in all segments of the energy industry. Prior to her appointment to the National Oilwell Varco Board of Directors, Donadio was Americas Oil & Gas Sector Leader of Ernst & Young LLP. She retired in March 2014 after 38 years with the company. Since 1989, she served as audit partner for multiple companies in the oil and gas industry and was named Americas Oil & Gas Sector Leader in 2007. She earned a Bachelor of Science degree in Accounting from Louisiana State University and is a licensed certified public accountant in the State of Texas.

NOV also announced that NOW Inc. has filed its amended Form 10 with the Securities and Exchange Commission. Copies of the document are available on the NOV website. The company anticipates the spin will be completed in the second quarter of 2014.

Source: National Oilwell Varco