Oil Patch Bits: Nabors names William Restrepo as new CFO

Nabors Industries Ltd. announced the appointment of William Restrepo as chief financial officer following his upcoming departure from Pacific Drilling S.A.

“Nabors has been seeking to fill the CFO role with someone possessing financial management and operational skills and experience who can meaningfully add to our senior management team. We believe William Restrepo is that person. He brings nearly 30 years of financial and operational management experience in the global energy industry to Nabors. William has an extensive portfolio of proven domestic and international capabilities in corporate finance, financial accounting, internal audit, treasury, operations, and mergers and acquisitions, as well as planning and analysis. We are very pleased to have him join our executive leadership team,” said Chairman, President and Chief Executive Officer Anthony Petrello.

Restrepo, 54, most recently served as CFO at Pacific Drilling. In this role, he provided leadership for Pacific’s initial public offering and listing on the New York Stock Exchange and helped the company grow by raising $4.5 billion in bank debt, bonds and equity. He holds bachelor’s degrees in economics and civil engineering as well as an MBA from Cornell University. His employment is expected to begin on Feb. 28.