Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

NOV Inc. adds energy transition expert to board

EditorLina Guerrero
Published 03/06/2024, 05:54 PM
Updated 03/06/2024, 05:54 PM
© Reuters.

HOUSTON - NOV Inc. (NYSE: NOV), a pioneer in technology solutions for the global energy industry, announced today the addition of Patricia Martinez to its Board of Directors. The appointment, effective immediately, brings a seasoned expert in energy transition to the company's governance as it navigates the evolving energy landscape.

Martinez, who has a robust background in both traditional and renewable energy sectors, previously held the title of Chief Energy Transition Officer at Enerflex Ltd. (TSX: EFX) (NYSE: EFXT) until her recent transition to NOV. Her experience spans across international markets, with a focus on developing projects in carbon capture, utilization and storage (CCUS), hydrogen, and biogas.

The new board member's career includes significant roles at Enerflex, where she led the Latin American business and played a key part in integrating assets from Axip Energy Services L.P. following its acquisition in 2014. Martinez's tenure in the energy sector also includes leadership positions at Valerus Compression Services and sales and marketing roles at Shell (LON:SHEL) Oil Products U.S.

Martinez's academic credentials include a bachelor's degree in business administration and marketing from Universidad Argentina de la Empresa and an MBA from Houston Baptist University. She also serves on the board of Par Pacific Holdings Inc. (NYSE: NYSE:PARR).

Clay Williams, Chairman, President, and CEO of NOV, expressed confidence that Martinez's "deep insights into emerging energy opportunities" will be invaluable in shaping the company's strategy for the energy transition.

With Martinez's appointment, NOV's board now comprises ten directors, nine of whom are independent, reflecting the company's commitment to diverse and independent governance.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

NOV has a longstanding history of over 150 years in delivering innovations that have significantly impacted the energy sector, focusing on safe and environmentally responsible operations. The company is actively engaged in supporting the energy industry's transition to more sustainable practices.

This expansion of the board with Martinez's expertise underscores NOV's strategic focus on the energy transition, a critical area for the industry's future. The information is based on a press release statement.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.