Nabors Industries Appoints David J. Tudor to Board

By Philip Seaworth • Sunday, July 27 10:20 • Permanent Link

Nabors Industries Ltd. (NYSE: NBR) has announced the appointment of David J. Tudor to its board of directors, effective July 24, 2025. With this addition, the company has expanded its board to eight members.

David J. Tudor, aged 66, currently serves as the Chief Executive Officer and General Manager of Associated Electric Cooperative Inc., a Springfield, Missouri-based electric cooperative that generates electricity for more than 2 million member-consumers across Missouri, Oklahoma, and Iowa. He has held this position since 2016 and brings a wealth of experience in the energy industry to Nabors Industries.

Tudor previously served as the President and Chief Executive Officer of Champion Energy Services, a retail electric provider, and played a key role in negotiating and leading the sale of Champion to Calpine in 2015. He has also held director positions at Western Midstream Partners, LP, Electric Power Research Institute, and America’s Power.

Over the past five years, Tudor has been a director of the National Renewables Cooperative Organization since 2016 and Woodway Energy Infrastructure since 2021. Currently, he sits on the board of directors of Cox Health Foundation.

With a background that includes leadership positions across the energy industry, including Aces Power Marketing, PG&E Energy Trading, and Edisto Resources, Tudor brings valuable insights and industry knowledge to the Nabors board. His appointment reflects the company's commitment to adding highly qualified, independent directors with strong backgrounds.

Anthony Petrello, Nabors' Chairman, CEO, and President, expressed his pleasure at Tudor joining the board, noting that his extensive experience in the energy industry will enhance the company's strategic direction and bring a distinct combination of leadership and industry knowledge that will benefit Nabors and its shareholders.

Nabors Industries is a leading provider of advanced technology for the energy industry, with a global presence in more than 20 countries. The company aims to innovate the future of energy and enable the transition to a lower-carbon world by leveraging its core competencies in drilling, engineering, automation, data science, and manufacturing. Following these announcements, the company's shares moved -0.39%, and are now trading at a price of $33.16. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.