HAMILTON, Bermuda, April 4, 2013 /CNW/ - Nabors Industries Ltd. (NYSE:NBR)
today announced that its Board of Directors has expanded the Board to eight
members from the current seven and subsequently appointed Howard Wolf to fill
the newly created vacancy.
Mr. Wolf is a former senior partner with the law firm of Fulbright & Jaworski
L.L.P. where he practiced from 1959 until his retirement from the firm in
2003. While practicing at Fulbright, he chaired the Committee on Securities
and Investment Banking, as well as the Section on Corporation, Banking and
Business Law of the State Bar of Texas. His practice involved a number of
industries, including extensive work in the energy industry, and was primarily
focused on corporate and securities matters, including mergers and
acquisitions, finance, international law and restructuring. He chaired the
firm's Corporate department from 1977-84. Mr. Wolf has also served on or
chaired a number of public, private and charitable boards of directors –
including Stewart & Stevenson and Offshore Logistics – and as a partner of
various companies. He currently serves on the board of Simmons & Company
International, a private investment banking and securities firm specializing
in the energy industry.
Mr. Wolf is a founding partner of Lobo Leasing, a helicopter leasing company;
a director and part owner of Recovery Direct, Inc., a producer of films and
videos used in the treatment of substance abuse, and of Orleans Capital
Management, an investment management company; and acting Chairman of Falcon
Seaboard Company, a private investment company focused on the energy,
technology, real estate and agriculture sectors. He received a Bachelor of
Business Administration and a JD, with honors, from The University of Texas at
Tony Petrello, Nabors' Chairman and CEO, commented, "Howard's appointment to
the Board reflects our ongoing commitment to adding qualified independent
voices with diverse experience and backgrounds. His years working with our
industry and advising as well as serving on boards will provide valuable
experience and insight. His appointment also reflects a collaborative approach
with our shareholders. We are pleased to welcome Howard to the Board."
About Nabors The Nabors companies own and operate approximately 474 land
drilling rigs throughout the world and approximately 548 land workover and
well servicing rigs in North America. Nabors' actively marketed offshore
fleet consists of 36 platform rigs, 12 jackup units and 4 barge rigs in the
United States and multiple international markets. In addition, Nabors is one
of the largest providers of hydraulic fracturing, cementing, nitrogen and acid
pressure pumping services with approximately 805,000 hydraulic horsepower
currently in service. Nabors also manufactures top drives and drilling
instrumentation systems and provides comprehensive oilfield hauling,
engineering, civil construction, logistics, and facilities maintenance and
project management services. Nabors participates in most of the significant
oil and gas markets in the world.
For further information, please contact Dennis A. Smith, Director of Corporate
Development & Investor Relations, at 281-775-8038. To request investor
materials, contact Nabors' corporate headquarters in Hamilton, Bermuda at
441-292-1510 or via email at firstname.lastname@example.org.
PRN Photo Desk, email@example.com
SOURCE: Nabors Industries Ltd.
To view this news release in HTML formatting, please use the following URL:
CO: Nabors Industries Ltd.
NI: OIL UTI 2575 WNEWS
-0- Apr/04/2013 20:57 GMT
Press spacebar to pause and continue. Press esc to stop.