Nabors Industries to appoint William Restrepo as CFO Nabors Industries (NBR) announced plans to appoint William Restrepo as CFO following his upcoming departure from Pacific Drilling S.A. (PACD). Restrepo's employment is expected to begin on February 28.
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Nabors Industries optimistic about the growth prospects for venture Company concluded, "It is becoming increasingly apparent that virtually every element of our business is experiencing improving fundamentals manifested through improving utilization and pricing. Construction of the numerous new rigs we have in progress remains on track and within budget. The contribution of these deployments combined with a favorable pricing environment across every market and the incremental demand for new rigs globally yield a high degree of growth visibility for the foreseeable future. We are particularly optimistic about the growth prospects for our venture with C&J in the Completion & Production Services business."