Not all CEOs get to choose how they leave the companies they run, but in Pete Miller's case, it will be one that closes the book on a wildly successful ride. National Oilwell Varco (NYSE: NOV ) will be led by a new chief executive in 2014 now that we know Miller will be leaving. Taking his place will be Clay Williams, a man who has held multiple C-suite roles with the company already. In the following video, Taylor Muckerman reflects on Miller's time with the company and what's in store.
Pete Miller helped build NOV into a company that drives the energy sector
Imagine a company that rents a very specific and valuable piece of machinery for $41,000... per hour (that's almost as much as the average American makes in a year!). That's what National Oilwell Varco is bringing to the table. And Warren Buffett is so confident in this company's can't-live-without-it business model, he just loaded up on 8.8 million shares. An exclusive, brand-new Motley Fool report reveals why we are calling NOV OPEC's Worst Nightmare. Just click HERE to join Buffett in his quest for a veritable LANDSLIDE of profits!