August 30, 2006
Sept. 5 ROUNDTABLE: Jerry N. Gauche ’74 leads China venture for NOV, the ‘toolman of the oil patch’
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