Nabors Industries announced that effective June 15, 2009, Mr. Larry P. Heidt will assume the role of Chairman and CEO of Nabors Well Services Ltd. Mr. Heidt has been with Nabors over 17 years, initially serving as President of Nabors' North Sea operations until 1997 when he assumed the position of President of Nabors' US Lower 48 land drilling operations, Nabors Drilling USA, LP. Since 2004, Mr. Heidt has served as Special Assistant to the Chairman working on numerous strategic projects for the corporation. Prior to joining Nabors, Mr. Heidt was Executive Vice President of Noble Drilling Corporation and President and CEO of Peter Bawden Drilling which was acquired by Noble in 1988.
Nick Petronio, President of Nabors Well Services, Ltd., will continue to be responsible for all operations and operational support services, as well as the marketing function, and will report directly to Mr. Heidt. In addition, Dan Ehlert, Vice President of Finance and Administration, Frank Labrenz, Vice President of Personnel Services, and Lauri McDonald, Director of Credit, all will report directly to Mr. Heidt.
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