Swent retires from Ensco, Baksht named CFO

Ensco announced today that Jon Baksht has been named CFO of the company. He succeeds Jay Swent, who has announced retirement, effective at yearend.

Mr Baksht most recently was Vice President – Finance after joining Ensco as Vice President – Treasurer. His professional career includes experience in investment banking and consulting. Mr Baksht has an MBA from the Kellogg School of Management at Northwestern University and a BS in electrical engineering from the University of Texas. As CFO, Mr Baksht will be based in London.

“We look forward to Jon leading our accounting, treasury, tax, audit, financial planning and management systems functions,” said CEO Carl Trowell. “Jon has already demonstrated a leading role in the financial and strategic management of the company and his prior experience positions him well to take on this new role.”

Supply chain and information services will continue to report to Mr Swent in the near term, until a new reporting structure is announced.

Mr Trowell added, “Jay has been a major contributor to Ensco’s growth and achievements for more than a decade. We congratulate Jay on his successful career and wish him well in his retirement.”