NOV Management
Management criteria checks 3/4
NOV's CEO is Clay Williams, appointed in Dec 2012, has a tenure of 11.92 years. total yearly compensation is $12.98M, comprised of 7.6% salary and 92.4% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth R$100.16M. The average tenure of the management team and the board of directors is 7.7 years and 10.8 years respectively.
Key information
Clay Williams
Chief executive officer
US$13.0m
Total compensation
| CEO salary percentage | 7.6% |
| CEO tenure | 11.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 7.7yrs |
| Board average tenure | 10.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$1b |
| Mar 31 2024 | n/a | n/a | US$986m |
| Dec 31 2023 | US$13m | US$989k | US$993m |
| Sep 30 2023 | n/a | n/a | US$499m |
| Jun 30 2023 | n/a | n/a | US$417m |
| Mar 31 2023 | n/a | n/a | US$331m |
| Dec 31 2022 | US$13m | US$940k | US$155m |
| Sep 30 2022 | n/a | n/a | US$11m |
| Jun 30 2022 | n/a | n/a | -US$90m |
| Mar 31 2022 | n/a | n/a | -US$185m |
| Dec 31 2021 | US$11m | US$940k | -US$250m |
| Sep 30 2021 | n/a | n/a | -US$557m |
| Jun 30 2021 | n/a | n/a | -US$543m |
| Mar 31 2021 | n/a | n/a | -US$610m |
| Dec 31 2020 | US$11m | US$816k | -US$3b |
| Sep 30 2020 | n/a | n/a | -US$3b |
| Jun 30 2020 | n/a | n/a | -US$3b |
| Mar 31 2020 | n/a | n/a | -US$8b |
| Dec 31 2019 | US$13m | US$940k | -US$6b |
| Sep 30 2019 | n/a | n/a | -US$6b |
| Jun 30 2019 | n/a | n/a | -US$5b |
| Mar 31 2019 | n/a | n/a | -US$40m |
| Dec 31 2018 | US$14m | US$917k | -US$31m |
| Sep 30 2018 | n/a | n/a | -US$57m |
| Jun 30 2018 | n/a | n/a | -US$84m |
| Mar 31 2018 | n/a | n/a | -US$183m |
| Dec 31 2017 | US$13m | US$800k | -US$237m |
Compensation vs Market: Clay's total compensation ($USD12.98M) is above average for companies of similar size in the BR market ($USD2.48M).
Compensation vs Earnings: Clay's compensation has been consistent with company performance over the past year.
CEO
Clay Williams (61 yo)
11.9yrs
Tenure
US$12,975,182
Compensation
Mr. Clay C. Williams serves as the Chairman, President and Chief Executive Officer of National Oilwell Varco, L.P. Mr. Williams has been the Chairman and Chief Executive Officer at National Oilwell Varco N...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 11.9yrs | US$12.98m | 0.28% R$ 100.2m | |
| Senior VP & CFO | 9.3yrs | US$4.73m | 0.10% R$ 36.3m | |
| President of Energy Equipment | no data | US$3.47m | 0.036% R$ 13.1m | |
| VP, Corporate Controller & Chief Accounting Officer | 3yrs | no data | 0.00031% R$ 110.9k | |
| Chief Marketing Officer & CTO | 4.6yrs | no data | no data | |
| Chief Information Officer | 9.3yrs | no data | no data | |
| Chief Administrative Officer | 7.7yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior VP | 10.1yrs | US$2.49m | 0.044% R$ 15.7m | |
| Chief Health | 2.6yrs | no data | no data | |
| President of Energy Products & Services | 6.8yrs | no data | 0.016% R$ 5.7m | |
| VP, Assistant General Counsel & Assistant Secretary | no data | no data | no data |
7.7yrs
Average Tenure
57yo
Average Age
Experienced Management: N1OV34's management team is seasoned and experienced (7.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 11yrs | US$12.98m | 0.28% R$ 100.2m | |
| Independent Director | 25.8yrs | US$287.50k | 0.032% R$ 11.6m | |
| Independent Director | 21.3yrs | US$290.00k | 0.023% R$ 8.4m | |
| Lead Independent Director | 19.7yrs | US$302.50k | 0.021% R$ 7.6m | |
| Independent Director | 19.7yrs | US$292.50k | 0.012% R$ 4.3m | |
| Independent Director | less than a year | no data | 0.000030% R$ 10.7k | |
| Independent Director | 10.6yrs | US$310.00k | 0.015% R$ 5.5m | |
| Independent Director | 9yrs | US$298.75k | 0.014% R$ 5.0m | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 3.1yrs | US$297.50k | 0.0022% R$ 780.1k |
10.8yrs
Average Tenure
67.5yo
Average Age
Experienced Board: N1OV34's board of directors are seasoned and experienced ( 10.8 years average tenure).