Valaris Announces New Executive Leadership Appointments
26 Maio 2022 - 5:30PM
Business Wire
Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today
announced the appointment of three new members of the Valaris
Executive Management Committee. The following appointments have
been made after a rigorous internal and external search process and
strongly position the Company for continued success moving
forward:
- Chris Weber will join Valaris as Senior Vice President and
Chief Financial Officer. Mr. Weber is expected to start in the
third quarter of 2022.
- Matt Lyne will join Valaris as Senior Vice President and Chief
Commercial Officer. Mr. Lyne is expected to start in the third
quarter of 2022.
- Davor Vukadin, the Company’s Associate General Counsel has been
promoted to Senior Vice President and General Counsel.
“I am thrilled to welcome three proven, high-performing leaders
to the Valaris Executive Management Committee,” said Anton
Dibowitz, President and Chief Executive Officer of Valaris. “With
the addition of these executives, I strongly believe that we have
the right leadership team in place to continue building on the
positive momentum we are seeing in the business. Our focus will
remain on delivering safe, reliable and efficient operations for
our customers while building upon our important strategic pillars
of being value driven, focused and responsible in our decision
making in order to maximize shareholder value.”
Darin Gibbins, who is serving as interim CFO, will continue in
his role as Vice President – Investor Relations and Treasurer after
Mr. Weber joins the Company. Elizabeth Darby, who served as interim
General Counsel, is continuing in her role as Chief Compliance
Officer. Christophe Raimbault will continue to serve as Vice
President and interim Head of Marketing and remain with the Company
after Mr. Lyne joins.
“I would also like to acknowledge Darin, Elizabeth and
Christophe, who are proven leaders and who ensured the Company
continued to perform strongly during their time in interim roles.
The Valaris Executive Management Committee and Board are very
appreciative of their ongoing contributions,” added Mr.
Dibowitz.
Chris Weber previously served as Chief Financial
Officer of LUFKIN Industries, the leading global provider of rod
lift optimization solutions, products, technologies and services to
the oil and gas industry. Mr. Weber has also served as Chief
Financial Officer of Abaco Drilling Technologies, Halliburton and
Parker Drilling Company, and also held senior finance roles at
Valaris predecessor companies, Ensco and Pride International.
Matt Lyne joins Valaris from Seadrill, where he served in
a number of senior marketing and commercial roles for more than 12
years, most recently as Executive Vice President, Chief Commercial
and Strategy Officer. Mr. Lyne also held a number of senior
operational and functional roles with Transocean before joining
Seadrill. Mr. Lyne has over 20 years of offshore drilling
experience in various international locations.
Davor Vukadin has been with Valaris for eight years,
helping to drive legal strategy on a wide range of matters
including strategic transactions, mergers and acquisitions, complex
negotiations and securities offerings. Before being named to his
current position, Mr. Vukadin served as Associate General Counsel
and Secretary. Prior to joining Valaris, Mr. Vukadin practiced
corporate and securities law with the law firm of Norton Rose
Fulbright for thirteen years.
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore
drilling services across all water depths and geographies.
Operating a high-quality rig fleet of ultra-deepwater drillships,
versatile semisubmersibles and modern shallow-water jackups,
Valaris has experience operating in nearly every major offshore
basin. Valaris maintains an unwavering commitment to safety,
operational excellence, and customer satisfaction, with a focus on
technology and innovation. Valaris Limited is a Bermuda exempted
company (Bermuda No. 56245). To learn more, visit our website at
www.valaris.com.
Cautionary Statements
Statements contained in this press release that are not
historical facts are forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements include words or phrases such as
"anticipate," "believe," "estimate," "expect," "intend," “likely,”
"plan," "project," "could," "may," "might," “should,” “will” and
similar words. The forward-looking statements contained in this
press release are subject to numerous risks, uncertainties and
assumptions that may cause actual results to vary materially from
those indicated, including the COVID-19 outbreak and global
pandemic and the related public health measures implemented by
governments worldwide; the cancellation, suspension, renegotiation
or termination of drilling contracts and programs, including
drilling contracts which grant the customer termination rights if
final investment decision (FID) is not received with respect to
projects for which the drilling rig is contracted; oil and natural
gas price volatility, customer demand for drilling rigs; downtime
and other risks associated with offshore rig operations; severe
weather or hurricanes; changes in worldwide rig supply, competition
and technology; risks inherent to shipyard rig reactivation,
upgrade, repair or maintenance; our ability to enter into, and the
terms of, future drilling contracts; suitability of rigs for future
contracts; governmental regulatory, legislative and permitting
requirements affecting drilling operations; our ability to obtain
financing, fund capital expenditures and pursue other business
opportunities; the effects of our emergence from bankruptcy on the
Company's business, relationships, comparability of our financial
results and ability to access financing sources; actions taken by
regulatory authorities or other third parties, including related to
the COVID-19 global pandemic; increased scrutiny of Environmental,
Social and Governance (“ESG”) practices and reporting
responsibilities; changes in customer strategy; future levels of
offshore drilling activity; governmental action, civil unrest and
political and economic uncertainties; terrorism, piracy and
military action; environmental or other liabilities, risks or
losses; debt agreement restrictions that may limit our liquidity
and flexibility; failure to satisfy our debt obligations; and
cybersecurity risks and threats. In addition to the numerous
factors described above, you should also carefully read and
consider “Item 1A. Risk Factors” in Part I and “Item 7.
Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in Part II of our most recent annual report
on Form 10-K, as updated in our subsequent quarterly reports on
Form 10-Q, which are available on the Securities and Exchange
Commission’s website at www.sec.gov or on the Investor Relations
section of our website at www.valaris.com. Each forward-looking
statement speaks only as of the date of the particular statement
and we undertake no obligation to update or revise any
forward-looking statements, except as required by law.
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Investor & Media Contact: Tim Richardson Director - Investor
Relations +1-713-979-4619
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