Morningstar recognizes National Oilwell Varco's (NOV) Pete Miller as its 2012 CEO of the Year,...

|About: National Oilwell Varco, Inc. (NOV)|By:, SA News Editor

Morningstar recognizes National Oilwell Varco's (NOV) Pete Miller as its 2012 CEO of the Year, praising his "stellar job at capital allocation, identifying major industry trends, investing billions in capital ahead of the shifts, and then executing brilliantly on deals." Miller "pulled off without a hitch" an acquisition-heavy strategy that carries the risk of operational miscues in an industry where reliability is prized.