Nabors Industries Ltd. announced plans to appoint Mr. William Restrepo as Chief Financial Officer (CFO) following his upcoming departure from Pacific Drilling S.A. Restrepo, 54, most recently served as CFO at Pacific Drilling. In this role, Restrepo provided leadership for Pacific's initial public offering and listing on the New York Stock Exchange and helped the company grow by raising $4.5 billion in bank debt, bonds and equity. Restrepo also previously served as CFO at Seitel Inc. and at Smith International until its acquisition by Schlumberger.

Restrepo's employment is expected to begin on February 28, 2014.