NOV Announces Retirement of Clay Williams and Appointment of Jose Bayardo as CEO, Effective January 1, 2026

Core Points - NOV Inc. announced the retirement of Clay Williams as Chairman and CEO, effective January 1, 2026, with Jose Bayardo succeeding him in the roles of Chairman, President, and CEO [1][2] - The transition reflects the Board's commitment to long-term succession planning and leadership continuity [1][2] Leadership Transition - Clay Williams has served NOV for over three decades, including more than a decade as CEO, guiding the company through industry transformations and cycles [2] - Jose Bayardo, who joined NOV in 2015 and has held various leadership roles, is recognized for his strong track record in upstream oilfield operations and strategic initiatives that enhance operational efficiency [2][3] - The Board expresses confidence in Bayardo's ability to lead NOV into its next growth chapter, emphasizing his knowledge of the business and leadership qualities [2] Company Overview - NOV has been delivering technology-driven solutions to the global energy industry for over 150 years, focusing on innovations that enable safe and efficient energy production while minimizing environmental impact [3]