HOUSTON--(BUSINESS WIRE)--Nov. 7, 2018--
NOW Inc. (NYSE: DNOW) announced today that Michael Frazier, a member of
the NOW Inc. Board of Directors, has passed away.
Mr. Frazier had been a director of the Company since May 2014. Mr.
Frazier was with Simmons & Company International, an independent
investment bank specializing in the energy industry, from 1992, and
served as its President and Chief Executive Officer from 2002 and 2005,
respectively, and as its Chairman from 2009, until its acquisition by
Piper Jaffray Companies in February 2016.
J. Wayne Richards, Chairman of the Board of NOW Inc., stated, “We will
be forever grateful to Mike for his dedication and service to
DistributionNOW. It has been a privilege for me and the other Board
members to work alongside Mike. He will be greatly missed.”
Robert Workman, President and CEO of NOW Inc., added, “I am very
saddened by Mike’s passing. He was a tremendous supporter of the Company
and for that, I will always be appreciative of his impact here. The
DistributionNOW family offers our thoughts, prayers and support to the
entire Frazier family at this time.”
About NOW Inc.
NOW Inc. is one of the largest distributors to energy and industrial
markets on a worldwide basis, with a legacy of over 150 years. NOW Inc.
operates primarily under the DistributionNOW and Wilson Export brands.
Through its network of approximately 265 locations and 4,500 employees
worldwide, NOW Inc. offers a comprehensive line of products and
solutions for the upstream, midstream and downstream energy and
industrial sectors. Our locations provide products and solutions to
exploration and production companies, energy transportation companies,
refineries, chemical companies, utilities, manufacturers and engineering
and construction companies.
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 actual future events or results.Readers are
referred to documents filed by NOW Inc. with the U.S. Securities and
Exchange Commission, which identify significant risk factors which could
cause actual results to differ from those contained in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20181107005210/en/
Source: NOW Inc.
David Cherechinsky, 281-823-4722
President and Chief Financial Officer