HOUSTON--(BUSINESS WIRE)--May 30, 2014--
NOW Inc. (NYSE: DNOW) announced today the election of the following five
new directors to the board of directors (“Board”): Richard Alario, Terry
Bonno, James Crandell, Galen Cobb and Michael Frazier. Messrs. Alario,
Crandell, Cobb and Frazier and Ms. Bonno join Merrill A. “Pete” Miller,
Jr., Robert R. Workman, Rodney W. Eads and J. Wayne Richards, who have
been serving as directors of DistributionNOW since its registration
statement on Form 10 went effective earlier this month.
DistributionNOW’s Board will be chaired by Pete Miller,
DistributionNOW’s Executive Chairman.
Pete Miller, DistributionNOW’s Executive Chairman, remarked, “I am
excited and delighted to welcome Dick, Terry, Jim, Galen and Michael to
our board to join Rodney and Wayne as our other outside independent
directors. Each member brings a vast amount of experience and different
perspective and skill set to the Board that will help DistributionNOW
continue to grow its business and increase profitability. Robert and I
look forward to working with each board member on this exciting new
venture.”
NOW Inc. is one of the largest distributors to the energy industry on
a worldwide basis, with a legacy of over 150 years. NOW operates
primarily under the DistributionNOW and Wilson Export brands. Through
its network of over 300 locations and over 5,000 employees worldwide,
NOW stocks and sells a comprehensive offering of energy products as well
as an extensive selection of products for industrial applications. NOW
also provides supply chain management solutions to energy and industrial
manufacturing companies around the world.
Statements made in this press release that are forward-looking in
nature are intended to be “forward-looking statements” within the
meaning of Section 21E of the Securities Exchange Act of 1934 and may
involve risks and uncertainties. These statements may differ materially
from the actual future events or results. Readers are referred to
documents filed by NOW Inc. with the Securities and Exchange Commission,
including its registration statement on Form 10, which identify
significant risk factors which could cause actual results to differ from
those contained in the forward-looking statements.
Source: NOW Inc.
NOW Inc.
Daniel Molinaro, 281-823-4941