NOV Names Hege Kverneland Corporate VP, Chief Technology Officer

Bob Bloom, Senior Vice President and Chief Technology Officer, is retiring after 40 years of dedicated service to National Oilwell Varco . NOV is pleased to name Hege Kverneland as Bob's successor upon his retirement on June 25th. Hege will assume Bob's duties as Corporate Vice President and Chief Technology Officer and will report directly to Pete Miller. Hege will be relocating from Stavanger, Norway to Houston, Texas.

Hege received a M.Sc. in Mechanical Engineering from Norwegian University of Science and recently graduated from the General Management Program (GMP) from Harvard Business School. Hege has 10 years of extensive engineering and product management background, contributing to quality assurance and research and product development. Hege began with Hitec in 1994, joining National Oilwell through acquisition. She has authored numerous SPE/IADC papers as well as two textbooks on Offshore Hydraulics.

Pete Miller, Chairman, President and CEO, said, "Bob has played a tremendous role in the creation of what National Oilwell Varco is today. His leadership has molded the company and our industry. While we hate to see Bob leave the company, we are pleased that he will be able to spend more time with his family and enjoy pursuing his hobbies and other interests. Hege has some big shoes to fill, but we are very confident she will do this wonderfully."