Valaris Announces New Chief Financial Officer
03 Agosto 2022 - 9:00AM
Business Wire
Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today
announced that Chris Weber has commenced his role as Senior Vice
President and Chief Financial Officer, having been appointed to the
role in late May.
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.
President and Chief Executive Officer Anton Dibowitz said, “I am
pleased to welcome Chris to the Valaris Executive Management
Committee, and I look forward to working with him as we continue to
build on the positive momentum we are seeing in our business.
Chris’ deep industry experience further strengthens our leadership
team and will help us execute our strategy of being value driven,
focused and responsible in our decision making in order to maximize
shareholder value.”
Dibowitz added, “I would like to take this opportunity to thank
Darin Gibbins for the exemplary job he has done during his time in
the Interim CFO role. Darin has been a valuable partner to me in
driving Valaris’ progress over the past year and I look forward to
continuing to work with him.”
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, which is 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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version on businesswire.com: https://www.businesswire.com/news/home/20220802006179/en/
Investor & Media Contact: Tim Richardson Director - Investor
Relations +1-713-979-4619
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