Seadrill to appoint Anton Dibowitz as CEO

Anton Dibowitz, currently Chief Commercial Officer and Executive Vice President of Seadrill, will be appointed as Chief Executive Officer effective 1 July 2017 following a succession planning process that was implemented during 2016. Mr Dibowitz will succeed Per Wullf, who will remain a Director of the company.

John Fredriksen, Chairman of the Board of Seadrill, said, “Anton has a strong industry track record and has taken roles of increasing responsibility during his 10 years at Seadrill, including the day-to-day business administration at Seadrill since 2016. We are confident that this succession plan provides Seadrill with the right combination of continuity and stability as the company works to complete its financial restructuring aimed at building a bridge to a recovery and achieving a sustainable capital structure. With Per remaining as a Director, Seadrill will continue to benefit from his in-depth industry experience, fleet knowledge and strong relationships. I would personally like to thank Per for his outstanding contribution as CEO of Seadrill and look forward to continuing to work with him for the years to come.”

“I am deeply honored that the Board has appointed me to succeed Per as Chief Executive Officer of Seadrill,” Mr Dibowitz said. “We have a world-class business with high-quality people, a young and modern fleet and strong client relationships. There are short-term challenges to overcome in Seadrill and the industry, but I look forward to playing my part in returning Seadrill to growth, together with the great team we have working here.”

“I am immensely proud of my time at Seadrill, first as Chief Operating Officer and for the past four years as Chief Executive Officer,” Mr Wullf said. “After 37 years in this fascinating industry, I want to reduce my day to day work commitments and spend more time at home in Denmark. As Seadrill is approaching key milestones for the company’s restructuring, the time is right to inform all stakeholders that I will not lead Seadrill in the company’s next era and hand over to Anton, who will make an excellent CEO. I would like to thank everyone at Seadrill for their support, passion and tenacity over the years, and I look forward to our continued journey together.”