This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nabors Names New Chief Financial Officer

HAMILTON, Bermuda, Jan. 29, 2014 /PRNewswire/ -- Nabors Industries Ltd. (NYSE: NBR) announced today plans to appoint Mr. William Restrepo as Chief Financial Officer (CFO) following his upcoming departure from Pacific Drilling S.A. (NYSE: PACD).

"Nabors has been seeking to fill the CFO role with someone possessing financial management and operational skills and experience who can meaningfully add to our senior management team.  We believe William Restrepo is that person. He brings nearly 30 years of financial and operational management experience in the global energy industry to Nabors. William has an extensive portfolio of proven domestic and international capabilities in corporate finance, financial accounting, internal audit, treasury, operations, and mergers and acquisitions, as well as planning and analysis. We are very pleased to have him join our executive leadership team," said Chairman, President and Chief Executive Officer Anthony Petrello.

Restrepo, 54, most recently served as CFO at Pacific Drilling. In this role, Restrepo provided leadership for Pacific's initial public offering and listing on the New York Stock Exchange and helped the company grow by raising $4.5 billion in bank debt, bonds and equity.

Restrepo also previously served as CFO at Seitel, Inc. and at Smith International until its acquisition by Schlumberger. Prior to that, Restrepo spent over 20 years with Schlumberger in various senior financial and operational positions, including operational responsibility for all product lines in the Continental Europe and the Arabian Gulf markets, as well as senior financial executive roles in Corporate Treasury and worldwide controller positions with international postings in Europe, South America and Asia.

Restrepo's employment is expected to begin on February 28, 2014.

Restrepo holds bachelor's degrees in economics and civil engineering as well as an MBA from Cornell University.

About Nabors IndustriesNabors owns and operates the world's largest land-based drilling rig fleet and has one of the largest completion services and workover and well servicing rig fleets in North America. The company is a leading provider of offshore platform workover and drilling rigs in the U.S. and multiple international markets. Nabors provides innovative drilling technology and equipment, directional drilling and comprehensive oilfield services in most of the significant oil and gas markets in the world.



1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,091.32 +53.35 0.30%
S&P 500 2,114.48 +5.56 0.26%
NASDAQ 5,055.8560 -4.39 -0.09%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs