HAMILTON, Bermuda, April 27 /CNW/ -- Nabors Industries Ltd. (NYSE: NBR)
today announced that its Board of Directors voted to expand the board to eight
members from the current seven and subsequently appointed John V. Lombardi to
fill the newly created vacancy. Dr. Lombardi will join the Board as a Class I
Director, which has a term through the Company's 2010 annual general meeting
of shareholders. He was also appointed to each of the Audit, Compensation,
and Governance and Nominating Committees of the Board.
Dr. Lombardi has been the President of the Louisiana State University
System, where he also serves as a Professor of History, since 2007. Prior to
joining LSU, Dr. Lombardi served as Chancellor and Professor of History of the
University of Massachusetts Amherst from 2002 until 2007. He had previously
served in various capacities, including President, Director of The Center for
Measuring University Performance, and Professor of History, at the University
of Florida from 1990 to 2002; Provost, Vice President for Academic Affairs,
and Professor of History at The Johns Hopkins University from 1987 to 1990;
and in various capacities, including Dean of the College of Arts and Sciences,
Dean of International Programs, Director of the Latin American Studies
Program, and Professor of History, at Indiana University from 1967 to 1987,
where in addition he taught a course on international business. Dr. Lombardi
serves on the Advisory Board of the Jay I. Kislak Foundation, Inc.; previously
served on the Board of Directors of the Economic Development Council of
Western Massachusetts, where he also served on the Executive Committee; and
serves on the Executive Strategic Council of IMS Global Learning Consortium.
Dr. Lombardi has authored or co-authored numerous books and articles on a wide
variety of topics, including measuring university performance, Latin American
history, and international business.
Gene Isenberg, Nabors Chairman and CEO, commented, "Dr. Lombardi brings a
wealth of knowledge and experience to our Board. He has effectively served as
the CEO and in other senior management capacities of several major
universities. That management perspective, combined with his expertise in
business in Latin America, complements and augments the already strong and
diverse qualifications of our other Board members."
The Nabors companies own and operate approximately 534 land drilling and
approximately 763 land workover and well-servicing rigs in North America.
Nabors' actively marketed offshore fleet consists of; 39 platform rigs, 13
jackup units and 3 barge rigs in the United States and multiple international
markets. In addition, Nabors manufactures top drives and drilling
instrumentation systems and provides comprehensive oilfield hauling,
engineering, civil construction, logistics and facilities maintenance, and
project management services. Nabors participates in most of the significant
oil, gas and geothermal markets in the world.
The information above includes forward-looking statements within the
meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Such forward-looking statements are subject to certain risks and
uncertainties, as disclosed by Nabors from time to time in its filings with
the Securities and Exchange Commission. As a result of these factors, Nabors'
actual results may differ materially from those indicated or implied by such
For further information, please contact Dennis A. Smith, Director of
Corporate Development of Nabors Corporate Services, Inc. at 281-775-8038. To
request Investor Materials, call our corporate headquarters in Hamilton,
Bermuda at 441-292-1510 or via email at firstname.lastname@example.org.
For further information:
For further information: Dennis A. Smith, Director of Corporate
Development of Nabors Corporate Services, Inc., +1-281-775-8038, investor
materials, +1-441-292-1510, email@example.com, both of Nabors Industries