National Oilwell Varco, Inc. (NYSE: NOV), Houston, TX, has appointed Clay C. Williams as president and CEO effective immediately.
Merrill A. “Pete” Miller Jr. previously announced he would step down as chairman and CEO contemporaneous with the completion of the announced plan to spin off NOV's distribution business to its shareholders as an independent, publicly traded company. Miller elected to step down early as CEO and will step down as executive chairman upon completion of the spin off to become the executive chairman of that publicly traded distribution company.
Williams has been the company’s president and COO since December 2012. He previously served as executive vice president and CFO.