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National Oilwell Varco Names Hege Kverneland Corporate Vice President and Chief Technology Officer
Tuesday, June 09, 2009 5:59 PM


Bob Bloom, Senior Vice President and Chief Technology Officer, is retiring after 40 years of dedicated service to National Oilwell Varco (NYSE:NOV). NOV is pleased to name Hege Kverneland as Bob’s successor upon his retirement on June 25th. Hege will assume Bob’s duties as Corporate Vice President and Chief Technology Officer and will report directly to Pete Miller. Hege will be relocating from Stavanger, Norway to Houston, Texas.

Hege received a M.Sc. in Mechanical Engineering from Norwegian University of Science and recently graduated from the General Management Program (GMP) from Harvard Business School. Hege has 10 years of extensive engineering and product management background, contributing to quality assurance and research and product development. Hege began with Hitec in 1994, joining National Oilwell through acquisition. She has authored numerous SPE/IADC papers as well as two textbooks on Offshore Hydraulics.

Pete Miller, Chairman, President and CEO, says, “Bob has played a tremendous role in the creation of what National Oilwell Varco is today. His leadership has molded the company and our industry. While we hate to see Bob leave the company, we are pleased that he will be able to spend more time with his family and enjoy pursuing his hobbies and other interests. Hege has some big shoes to fill, but we are very confident she will do this wonderfully.”

National Oilwell Varco is a worldwide leader in the design, manufacture and sale of comprehensive oilfield systems and components, tubular inspection and coatings, integrated systems, drill string products, lifting and handling equipment, as well as in providing supply chain integration services to the upstream oil and gas industry.

Statements made in this press release that are forward-looking in nature are intended to be "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and may involve risks and uncertainties. These statements may differ materially from actual future events or results. Readers are referred to documents filed by National Oilwell Varco with the Securities and Exchange Commission, including the Annual Report on Form 10-K, which identify significant risk factors which could cause actual results to differ from those contained in the forward-looking statements.

National Oilwell Varco
Clay Williams, 713-346-7606

(Source: Business Wire )


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