---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-058311"
form_type: "8-K"
ticker: "NOV"
cik: "0001021860"
company_name: "NOV Inc."
filed_at: "2025-03-20T23:59:59+00:00"
generated_at: "2026-05-24T09:39:14.142457+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NOV promotes Bayardo to President & COO, Reed to CFO effective March 17

## Summary
- Jose Bayardo promoted from SVP & CFO to President & COO effective March 17, 2025.
- Rodney Reed promoted from President of Process Flow Technologies to SVP & CFO same date.
- Bayardo's base salary increased to $850,000, target bonus 100% of salary, plus $1.15M LTIP award.
- Reed's base salary increased to $575,000, target bonus 85% of salary, plus $1.15M LTIP award.
- Changes part of long-term succession planning; Chairman & CEO Clay Williams commented on readiness.

## SEC filing metadata
- accession: 0001193125-25-058311
- form_type: 8-K
- ticker: NOV
- cik: 0001021860
- company_name: NOV Inc.
- filed_at: 2025-03-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1021860/000119312525058311/0001193125-25-058311-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1021860/000119312525058311/d842183d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-058311
- JSON: https://secwatch.observer/filing/0001193125-25-058311.json
- Plain text: https://secwatch.observer/filing/0001193125-25-058311.txt

## Key facts
- Executive change
  Rodney Reed was appointed as Senior Vice President and Chief Financial Officer at NOV Inc..
  - Action: appointed
  - Role: Senior Vice President and Chief Financial Officer
  source text: Also on March 17, 2025, the Company appointed Rodney Reed as its Senior Vice President and Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1021860/000119312525058311/0001193125-25-058311-index.htm
- Executive change
  Jose Bayardo was appointed as President and Chief Operating Officer at NOV Inc..
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: On March 17, 2025, NOV Inc. (the “ Company ”) appointed Jose Bayardo as its President and Chief Operating Officer, effective March 17, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1021860/000119312525058311/0001193125-25-058311-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.