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Houston based oilfield services company NOV Inc. announced the retirement of Isaac Jospeh, president of wellbore technologies and Kirk Shelton, president of completion and production solutions, effective Dec. 31, the company said on Oct. 26.
“I would like to thank both Isaac and Kirk for their many contributions to NOV throughout the years,” said Clay William, chairman, president and CEO of NOV. “Their leadership and mentorship have had an immeasurable positive impact on both the company and the many people they have led throughout the years.”
Additionally, NOV stated it will be consolidating its reporting structure to drive operational and financial efficiencies into two segments: energy equipment and energy products and services.
The energy equipment segment, led by president of rig technologies Joe Rovig, will consist of the company’s longer cycle capital equipment businesses including rig technologies, intervention and stimulation equipment and other project-based businesses, according to the release.
The energy products and services segment, led by the segments appointed president Scott Livingston, will consist of NOV’s shorter cycle transactional businesses including Tuboscope pipe coating and inspection, ReedHycalog drill bits, downhole tools and motors, Grant Prideco drill pipe, MD Totco and NOV’s fiberglass solutions.
The reorganization and the appointments of Rovig and Livingston will be effective Jan. 1, 2024, the company said.
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