HAMILTON, Bermuda, Jan. 29, 2014 /CNW/ - 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.
"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
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 Industries Nabors 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.
Media Contact: Denny Smith, Nabors, +1 281 775 8038
SOURCE Nabors Industries Ltd.
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