The 2020 Mid-Year Economic Update_long

National Oilwell Varco Announces Name, Leadership for Distribution Spin-Off

The business intends to operate under the name DistributionNOW.

National Oilwell Varco Inc. (NYSE: NOV), Houston, TX has formed a new Delaware corporation, NOW Inc., to eventually serve as the independent, publicly traded company for its previously announced plan to spin off to its shareholders its distribution business. The business intends to operate under the name DistributionNOW.

On the effective date of the spinoff, Robert Workman will become the CEO of the publicly traded company, Daniel Molinaro will become CFO and David Cherechinsky will become chief accounting officer.

Workman started with National Oilwell Varco in 1991, and has held various managerial positions with the distribution business group since his start. He has served as president – distribution services since January 2001.

Molinaro is vice president & treasurer of National Oilwell Varco and has served as treasurer since 1987. Prior to joining the company, Dan held various positions with USX Corp. and U.S. Steel Corp.

Cherechinsky has served as vice president – finance for the distribution business group since 2003, and as vice president – finance for the company’s distribution & transmission business segment since 2011.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.