NOW Inc. announced that effective February 16, 2018, Mr. Daniel Molinaro will serve as Executive Vice President, assisting with certain treasury, investor relations and employee benefits matters. Mr. Molinaro will transition from serving as Senior Vice President and Chief Financial Officer (CFO) during this period, and David Cherechinsky, currently Vice President, Corporate Controller and Chief Accounting Officer (CAO), will succeed Mr. Molinaro as Chief Financial Officer effective February 16, 2018. Mr. Molinaro has served as DNOW's CFO since May 2014, when the Company was spun off from National Oilwell Varco Inc. Mr. Molinaro previously served as Vice President and Treasurer of National Oilwell Varco (NOV) where his combined years of service with both DNOW and NOV is almost 50 years.

Mr. Cherechinsky has served as CAO since May 2014, and previously as Senior Vice President -- Finance for the NOV Distribution business group from 2003, and until the company was spun off in May 2014 as Senior Vice President -- Finance for the NOV Distribution & Transmission business segment from 2011. He started with the company January 1989. Mark Johnson, currently Vice President - Finance and Assistant Corporate Controller, will succeed Mr. Cherechinsky as Vice President, Corporate Controller and Chief Accounting Officer, also effective February 16, 2018.

Mr. Johnson has served as Vice President - Finance and Assistant Corporate Controller since May 2014, and previously as Vice President -- Finance for the National Oilwell Varco Distribution business group.