Posted November 2, 2020

Alario steps down as executive vice chairman of NOW Inc.

NOW Inc. announced that Dick Alario has stepped down from his short-term role as executive vice chairman of the company.

Alario previously served as interim chief executive officer from Nov. 1, 2019 until David Cherechinsky was named president and CEO on June 1, 2020. At that time, Alario was appointed and served as executive vice chairman on an interim basis to assist with the transition. Alario will continue to serve as a director of the company.

Alario has been a member of the board since May 2014, when the company was spun off from National Oilwell Varco Inc.

“Dick has played a key strategic role advising DistributionNOW’s leadership team. With his wealth of experience in the oilfield services industry, we were very fortunate to have Dick serve as our interim CEO and executive vice chairman during this time,” said J. Wayne Richards, chairman of NOW Inc.’s board of directors.

Dick Alario stated, “I want to thank all the employees of DistributionNOW for your hard work and continued dedication to the company. I am excited to see all of the amazing things DistributionNOW will be able to accomplish in the future. I would also like to thank the board for the confidence they placed in me to help lead DistributionNOW to advance its market position and generate incremental value for our employees, customers and shareholders.”

Cherechinsky called Alario an invaluable leader and incredible mentor. "I look forward to continuing to work alongside the strong leadership team in place, as well as all the other outstanding women and men at DistributionNOW who support our customers, to ensure we remain focused on delivering one of the most comprehensive product offerings in the energy and industrial sectors, and to drive strong customer relationships and success in our growth initiatives. I am excited about our future and believe we will achieve success together for years to come,” Cherechinsky said.