LSU System President John Lombardi said his recent appointment to the Board of Directors for Nabors Industries, a Bermuda-based oil and gas company, will provide the University with helpful corporate links. “Nabors has offices in Houston [and] is involved worldwide in energy related businesses that are closely related to many of the fields of study in which LSU is especially expert,” Lombardi said in an e-mail to The Daily Reveille. Nabors Board members make about $50,000 a year. Lombardi will serve as the company’s eighth director on the board through its 2010 shareholders’ meeting. Lombardi received the Board of Supervisors’ approval for the venture. “Dr. Lombardi brings a wealth of knowledge and experience to our Board,” said Nabors Industries Chairman and CEO Gene Isenberg in a news release Monday. “He has effectively served as the CEO and in other senior management capacities of several major universities.” Lombardi serves on the Advisory Board for the Jay I. Kislak Foundation, a private, non-profit art collection and research organization, and on the Executive Strategic Council of IMS Global Learning Consortium. He previously served on the Board of Directors of the Economic Development Council of Western Massachusetts. Lombardi served as an administrator for the universities of Massachusetts and Florida and Johns Hopkins University before becoming LSU System president and history professor in 2007. “That management perspective, combined with his expertise in business in Latin America, complements and augments the already strong and diverse qualifications of our other Board members,” Isenberg said in the release. Lombardi will also serve on Nabors’ Audit, Compensation and Governance and Nominating Committees of the Board.Nabors Industries owns and operates about 530 land drilling rigs and about 760 land workover and well-servicing rigs in North America, according to the news release. —-Contact Kyle Bove at [email protected]
University to benefit from Lombardi’s new position
April 27, 2009