NOW Inc.’s Dick Alario Steps Down as Executive Vice Chairman

NOW Inc.’s Dick Alario has stepped down from his short-term role as executive vice chairman, the Houston-based oilfield service company said in an Oct. 30 release.

Alario previously served as interim CEO of the company from Nov. 1, 2019 until the appointment of David Cherechinsky as president and CEO on June 1, 2020. At such time, Alario was appointed and served as executive vice chairman of NOW Inc. on an interim basis to assist with the transition of Cherechinsky to his new role as the company’s CEO.

In a statement commenting on Alario’s service to the company, J. Wayne Richards, chairman of NOW Inc.’s board of directors, remarked: “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.”

Before his retirement in March 2016, Alario had served as CEO and director of Key Energy Services Inc., a provider of a complete range of well intervention services, since 2004. Prior to Key Energy Services, he was employed by BJ Services Co. where he served as vice president. He had joined BJ Services in 2002 after the company acquired OSCA Inc., where he had over 21 years of service in various capacities.

Alario will continue to serve as a director of the company. He has been a member of the board of directors of NOW Inc. since May 2014, when the company was spun off from National Oilwell Varco Inc.

NOW Inc., also known as DistributionNOW, is a worldwide supplier of energy and industrial products and engineered equipment solutions. With approximately 2,550 employees and a network of approximately 200 locations worldwide, the company provides products and solutions to E&P companies, energy transmission and storage companies, refineries, chemical companies, utilities, mining, municipal water, manufacturers and engineering and construction companies.