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DNOW Inc. (NYSE:DNOW) ("DNOW" or "the Company") today announced its future leadership team effective upon the completion of the pending transaction with MRC Global Inc. (NYSE:MRC) ("MRC Global"). The team will be comprised of leaders from both companies who bring expertise and proven track records in customer service, operational excellence, and supply chain management across the energy and industrial sectors. They collectively possess deep industry knowledge, have strong financial discipline, and the leadership experience needed to successfully guide integration efforts to help drive sustainable long-term growth.
"Our organizations have a wealth of talent, and these future leadership team members share a vision for creating a premier solutions provider to the energy and industrial markets," said DNOW President and CEO David Cherechinsky. "This team brings an extensive understanding of our industry and a commitment to developing talent, serving our customers, accelerating growth and expanding our scale and scope of products, services and supply chain solutions. I look forward to working together to unlock new opportunities to deliver growth and drive greater value for our customers, partners and shareholders."
Leadership Team
As previously announced, David Cherechinsky, President and Chief Executive Officer of DNOW, will serve as President and Chief Executive Officer of the combined company, and Mark Johnson, Chief Financial Officer of DNOW, will serve as Senior Vice President and Chief Financial Officer. The additional members of the future leadership team announced today include:
On June 26, 2025, DNOW and MRC Global agreed to combine in an all-stock transaction valued at approximately $1.5 billion to create a premier solutions provider to the energy and industrial markets. The transaction is currently on track to close in the fourth quarter of 2025, having received both DNOW and MRC Global shareholder approval and is still subject to obtaining the remaining regulatory clearances and satisfaction of other customary closing conditions.