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August 30th 2006 • Printer version
Jerry N. Gauche '74 leads China venture
for NOV, the "tool man of the oil patch"
Jerry N. Gauche '74, is the new chairman of the board
of directors of
Lanzhou LS* - National Oilwell Petroleum
Engineering Co.(LS-NOW), one of
the largest Western
joint ventures in Gansu Province, China.
The 50-year JV will manufacture and export drilling equipment for the
upstream oil and gas industry (exploration, production and basic
processing).
Gauche will speak to law students about his experiences as a
lawyer-turned-executive at a September 5 lunch at the law school. He is
senior vice-president of sales and marketing for National
Oilwell Varco (NOV), a Forbes Platinum 400
company based in Houston, Texas. The company is No. 27 on the
Business Week top 50 this year.
Hoovers calls NOV the "tool man of the oil patch."
With nearly 22,000 employees, they design, make and distribute
drawworks, mud pumps, cranes, jacking systems, automated pipehandling,
top drives, and traveling equipment as well as masts, derricks,
substructures, and cranes.
Lanzhou LS is the top manufacturer of oil drilling rigs and refining equipment
in China.
Gauche is an expert in large-scale organizational change and is
responsible for sales and marketing across the company. For the past
nine years, he has been part of the management team that successfully
exploited every opportunity for growth and increased the value of NOV
from $180 million to $11 billion. Among the company's more than 50
acquisitions was rival VARCO in 2005.
The company's new joint venture is based in Lanzhou, a large industrial
city that once was a main stop on the silk road and now is home to 19
universities and research institutes, good transportation and
infrastructure, and some of the worst pollution in the world.
It is located in Gansu, a mountainous Northwest province at the upper
reaches of the Yellow River. State officials have made it a priority to
attract foreign investment with several economic development zones.
* Lanzhou Petrochemical Machinery Equipment and Engineering Group Corporation
-Eliza Schmidkunz
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