Joe succeeds Mr. Larry Heidt who plans to relocate to his native province of Alberta, Canada where he will be able to dedicate more time to his family. Larry will assume a new position with Nabors as Special Assistant to Nabors' Chairman and CEO Mr. Gene Isenberg and Mr. Tony Petrello, Nabors' Deputy Chairman, President and COO. Mr. Heidt will be responsible for various strategic corporate initiatives. Mr. Heidt has headed up NDUSA since 1996, having transferred from the position of President of Nabors' North Sea operations following the sale of that business.
Mr. Isenberg commented, "Joe's extensive experience combined with his strong commercial acumen and leadership skills will assure a seamless transition in the leadership of our most important business unit. Larry has been a strong leader and I expect we will continue to receive great value from his efforts on important company wide projects."
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