8-K filed October 27, 2023, 7:59 PM ET ticker NOV CIK 0001021860

leadership confidence high sentiment neutral materiality 0.40

NOV announces two president retirements and segment consolidation into two units

NOV Inc.

Isaac Joseph (Wellbore Technologies) and Kirk Shelton (Completion & Production Solutions) to retire Dec 31, 2023, with advisory roles through Mar 31, 2024.
Joe Rovig (current Rig Technologies president) to lead new Energy Equipment segment; Scott Livingston to lead Energy Products and Services.
Company consolidates from three reporting segments to two: Energy Equipment and Energy Products and Services, effective Jan 1, 2024.
Retirements not due to any disagreement; CEO Clay Williams declined early retirement program participation.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Kirk M. Shelton

President of Completion and Production Solutions

NOV · NOV Inc.

Effective: 2023-12-31
Filed: October 27, 2023, 7:59 PM ET

retirement of Kirk M. Shelton, President of Completion and Production Solutions

Role change

Scott B. Livingston

President of the Energy Products and Services segment

NOV · NOV Inc.

Effective: 2024-01-01
Filed: October 27, 2023, 7:59 PM ET

Scott B. Livingston has been selected to serve as the President of the Energy Products and Services segment

Departed

Isaac H. Joseph

President of Wellbore Technologies

NOV · NOV Inc.

Effective: 2023-12-31
Filed: October 27, 2023, 7:59 PM ET

retirement of Isaac H. Joseph, President of Wellbore Technologies

Role change

Joseph W. Rovig

President of the Energy Equipment segment

NOV · NOV Inc.

Effective: 2024-01-01
Filed: October 27, 2023, 7:59 PM ET

Joseph W. Rovig has been selected to serve as the President of the Energy Equipment segment

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kirk M. Shelton departed as President of Completion and Production Solutions at NOV Inc..

Action: retirement
Role: President of Completion and Production Solutions

Exact text from the filing

retirement of Kirk M. Shelton, President of Completion and Production Solutions

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott B. Livingston changed role as President of the Energy Products and Services segment at NOV Inc..

Action: selected to serve as
Role: President of the Energy Products and Services segment

Exact text from the filing

Scott B. Livingston has been selected to serve as the President of the Energy Products and Services segment

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Isaac H. Joseph departed as President of Wellbore Technologies at NOV Inc..

Action: retirement
Role: President of Wellbore Technologies

Exact text from the filing

retirement of Isaac H. Joseph, President of Wellbore Technologies

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph W. Rovig changed role as President of the Energy Equipment segment at NOV Inc..

Action: selected to serve as
Role: President of the Energy Equipment segment

Exact text from the filing

Joseph W. Rovig has been selected to serve as the President of the Energy Equipment segment

View on SEC.gov

NOV Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-265216

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