NOV names additional manager of spinoff company

National Oilwell Varco Inc.

National Oilwell Varco Inc. (NYSE: NOV) has named an additional member of the executive management team for its plan to spin off to its shareholders its distribution business as an independent publicly traded company. On the effective date of the spinoff, Raymond Chang will become the vice president, general counsel and secretary of the publicly traded distribution company.

Chang started with National Oilwell Varco in 2001 and has held various positions within the company’s Legal department since his start. He has served as vice president, assistant general counsel and secretary since 2009.

National Oilwell Varco previously announced that Merrill A. “Pete” Miller Jr. will assume the role of executive chairman, Robert Workman will become CEO, and Dan Molinaro will be the CFO of that publicly traded distribution company on the effective date of the spinoff.

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