Nabors hires Restrepo away from Pacific Drilling to become new CFO

|About: Nabors Industries Ltd. (NBR)|By:, SA News Editor

Nabors Industries (NBR) names William Restrepo as its new CFO, filling a position that has sat vacant for more than five years.

NBR says the need for added financial expertise grew more apparent after the 2011 departure of long-time CEO Gene Isenberg.

Restrepo, who currently serves as CFO of Pacific Drilling (PACD) as part of 30 years' experience in financial and operational management, will join NBR starting Feb. 28.