NOW Inc. has announced that effective Feb. 16, Daniel Molinaro will serve as executive vice president, assisting with certain treasury, investor relations and employee benefits matters. Molinaro will transition from serving as senior vice president and chief financial officer during this period, and David Cherechinsky, currently vice president, corporate controller and chief accounting officer, will succeedMolinaro as chief financial officer effective Feb. 16.

Molinaro has served as DNOW’s chief financial officer since May 2014, when the company was spun off from National Oilwell Varco, Inc. Molinaro previously served as vice president and treasurer of National Oilwell Varco where his combined years of service with both DNOW and NOV is almost 50 years.

Cherechinsky has served as chief accounting officer since May 2014, and previously as senior vice president, finance for the National Oilwell Varco distribution business group from 2003, and until the company was spun off in May 2014 as senior vice president, finance for the National Oilwell Varco distribution and transmission business segment from 2011. He started with the company January 1989.

Mark Johnson, currently vice President, finance and assistant corporate controller, will succeed Cherechinsky as vice president, corporate controller and chief accounting officer, also effective Feb. 16. Johnson has served as vice president, finance and assistant corporate controller since May 2014, and previously as vice president, finance for the National Oilwell Varco Distribution business group. He started with the company in 2008 and is a CPA.