internal
Jose A. Bayardo
Chairman, President & Chief Executive Officer
Executive
1 yr
24 reports
NOV Inc. ·NOV
Two segment presidents run NOV beneath a combined Chair-CEO
Energy · Fortune #443 · Hybrid structure · 34K employees · Houston, Texas
View as of:
4
CEO span
↓ tighter than peers (avg 8)
2.7
Avg span
moderate
3
Max depth
3 levels
2.5 yr
Avg tenure
↓ 3.5yr from FY2024
75%
Internal hires
↑ above industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$8.7B
Operating income
$494M
Net income
$145M
Total assets
$11.3B
Shares out
360M
Sourced from NOV Inc. DEF 14A · filed 2026-04-09 ↗ View on SEC
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NOV Inc. organizational chart
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Two segment presidents run NOV beneath a combined Chair-CEO. This page maps NOV’s enterprise structure, showing Energy Equipment and Energy Products & Services presidents reporting directly to the CEO, alongside finance and legal, with analysis and peer comparison.
What to model
Use the chart to test org decisions, not just view reporting lines
Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.
Latest signal Sanjay K. Chowbey joined as Director
Appointed to Board on March 17, 2026.
Source · See change logScenario views in the chart
- Add Chief AI Officer Introduce a Chief AI Officer reporting to the CEO to coordinate automation, analytics, and digital products across both segments.
- Add Chief Operating Officer Insert a COO layer above both segment presidents to drive cross-segment operational efficiency.
Atlas work this supports
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The people
Who's running this
5 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.
internal
Joseph W. Rovig
President, Energy Equipment
Energy Equipment
3 yr
7 reports
internal
Scott B. Livingston
President, Energy Products & Services
Energy Products & Services
3 yr
7 reports
Rodney C. Reed
Senior Vice President & Chief Financial Officer
Finance
1 yr
8 reports
internal
Craig L. Weinstock
Senior Vice President, Secretary & General Counsel
Legal
4 yr
5 reports
The pay
Executive compensation
From the most recent DEF 14A Summary Compensation Table. 2 named executive officers disclosed. Bar length scales with total compensation.
Jose A. Bayardo $6.2M
- Base salary
- $824K
- Stock awards
- $4.33M
- Option awards
- $280K
- Non-equity incentive
- $694K
- Pension change
- $41K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
Rodney C. Reed $2.8M
- Base salary
- $533K
- Stock awards
- $1.75M
- Option awards
- $45K
- Non-equity incentive
- $426K
- Pension change
- $26K
- Fiscal year
- FY2025
- Source
- SEC DEF 14A ↗
The businesses
How NOV Inc. divides the work
4 divisions report into the group CEO. Tile size scales with estimated headcount.
Energy Equipment
14K employees
President, Energy Equipment (Joseph W. Rovig)
Designs and manufactures drilling and offshore capital equipment globally.
Energy Products & Services
12K employees
President, Energy Products & Services (Scott B. Livingston)
Provides shorter-cycle products, services, and consumables for drilling operations.
Finance
800 employees
SVP & CFO (Rodney C. Reed)
Oversees financial reporting, treasury, tax, and capital allocation.
Legal & Compliance
400 employees
SVP, General Counsel (Craig L. Weinstock)
Manages legal, compliance, governance, and IP litigation.
The thesis
Why this org is unusual
Two operating segment presidents—Energy Equipment and Energy Products & Services—report directly to a combined Chair-CEO, creating a clear enterprise P&L split at the top.
NOV lacks a standalone COO; instead, operating authority sits with the segment presidents, while corporate functions (Finance and Legal) also report directly to the CEO. This keeps the structure relatively flat at four levels despite NOV’s global manufacturing footprint.
The arrangement reflects NOV’s portfolio mix: capital equipment with long backlogs alongside shorter-cycle products and services. Segment presidents control operations, sales, and engineering within their businesses, while enterprise oversight is centralized through the CEO and CFO. Legal and governance remain tightly coupled to the CEO, consistent with NOV’s litigation-heavy IP portfolio and global compliance needs.
- No standalone COO role
- Two segment presidents with full P&L authority
The comparison
How NOV Inc. stacks up
Compared with peers such as Schlumberger and Baker Hughes, NOV’s top structure is simpler and more segment-driven. Larger oilfield services firms typically add a COO or multiple regional presidents, increasing depth. NOV’s direct reporting of both segment presidents to the CEO shortens decision paths but concentrates …
C-suite size
Reporting depth
Avg C-suite tenure
Has COO / Has CAIO
NOV Inc. — no COO — no CAIO
Schlumberger ✓ COO — no CAIO
Weatherford ✓ COO — no CAIO
Current signals
What changed recently
The most significant change was Jose Bayardo’s promotion to Chairman and CEO on January 1, 2026.
- new
- promoted
- departed
Leadership Timeline
Year-over-year executive structure based on SEC proxy and annual filings.
FY2025
DEF 14A filed 2026-04-09
- CEO
- Clay C. Williams
- CEO span
- 4
- C-suite
- 6
- Avg tenure
- 5.2 yr
Transition year ahead of CEO succession.
Named executive officers (6)
- Clay C. Williams - Chairman & CEO since 2011
- Jose A. Bayardo - President & COO since 2025
- Rodney C. Reed - SVP & CFO since 2025
- Joseph W. Rovig - President, Energy Equipment
- Scott B. Livingston - President, Energy Products & Services
- Craig L. Weinstock - SVP & General Counsel
FY2024
DEF 14A filed 2025-04-09
- CEO
- Clay C. Williams
- CEO span
- 3
- C-suite
- 5
- Avg tenure
- 6 yr
CEO and Chairman roles combined.
Named executive officers (5)
- Clay C. Williams - Chairman & CEO since 2011
- Jose A. Bayardo - SVP & CFO since 2015
- Joseph W. Rovig - President, Energy Equipment
- Scott B. Livingston - President, Energy Products & Services
- Craig L. Weinstock - SVP & General Counsel
FY2023
DEF 14A filed 2024-04-10
- CEO
- Clay C. Williams
- CEO span
- 3
- C-suite
- 5
- Avg tenure
- 6.5 yr
Stable leadership prior to succession planning.
Named executive officers (5)
- Clay C. Williams - Chairman & CEO since 2011
- Jose A. Bayardo - SVP & CFO since 2015
- Joseph W. Rovig - President, Energy Equipment
- Scott B. Livingston - President, Energy Products & Services
- Craig L. Weinstock - SVP & General Counsel
Year-over-year changes
Leadership remained stable with no major role changes.
- CEO span: 3 → 3
- C-suite size: 5 → 5
- Avg tenure: 6.5 → 6 yr
2025 marked the CEO succession and expansion of the C-suite during transition.
- CEO span: 3 → 4
- C-suite size: 5 → 6
- Avg tenure: 6 → 5.2 yr
- promoted Jose A. Bayardo - President & COO (was SVP & CFO) (DEF 14A 2026-04-09)
- departed Clay C. Williams - Chairman & CEO (was Chairman & CEO) (DEF 14A 2026-04-09)
Frequently Asked Questions
Who is the CEO of NOV Inc.?
Jose A. Bayardo has served as Chairman, President, and CEO since January 1, 2026.
What type of organizational structure does NOV use?
NOV uses a hybrid enterprise structure centered on two major operating segments with centralized corporate functions.
How many direct reports does NOV's CEO have?
The CEO has four direct reports: the CFO, two segment presidents, and the General Counsel.
How has NOV's leadership changed recently?
In January 2026, Jose Bayardo was promoted to CEO following Clay Williams’ retirement, and a new independent director was added in March 2026.
Does NOV have a COO?
No. NOV does not have a standalone COO; operating authority sits with the two segment presidents.
Sources
- Form 8-K filed Mar 18, 2026
- DEF 14A filed Apr 9, 2026
- SEC EDGAR: NOV Inc. DEF 14A Proxy Statement
- SEC EDGAR: NOV Inc. 10-K Annual Report
Reference
Cite this page
If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.
APA 7th
Creately. (2026). NOV Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/nov/MLA 9th
"NOV Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/nov/. Accessed .Chicago 17
Creately. "NOV Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/nov/.Original SEC source View on SEC ↗
NOV Inc.. DEF 14A. Filed 2026-04-09. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/1021860/000119312526148884/d931779ddef14a.htmPermanent URL: https://creately.com/org-chart/fortune-500/nov/ · last updated 2026-04-01