National Oilwell Varco Names Mark Reese as President - Rig Technology

National Oilwell Varco, Inc. (NYSE:NOV) announced today that Mark A. Reese, the Company’s President – Expendable Products, has been named President – Rig Technology of National Oilwell Varco, Inc. Mr. Reese started with the Company in 1981, and has been President – Expendable Products since January 2004. He served as President of the Company’s Mission Products Group from August 2000 to January 2004. He also served as Vice President of Operations for the Company’s Distribution Services Group from 1997 to 2000. Pete Miller, Chairman, President and CEO of National Oilwell Varco, remarked, "With over 25 years at the Company, Mark brings tremendous experience to his new role. In addition to his experience, he provides the leadership skills that this organization needs. I believe our Rig Technology Group and its customers will benefit from Mark’s leadership.” Jeremy Thigpen, the Company’s Downhole Tools Business Group President, will assume the role of President – Downhole and Pumping Solutions, and have the Downhole Tools business group and Mission Products/Mono Pumps business group report to him. National Oilwell Varco is a worldwide leader in the design, manufacture and sale of equipment and components used in oil and gas drilling and production operations, the provision of oilfield services, and 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.