Borr Drilling | (BORR) BORR DRILLING LIMITED – APPOINTMENT OF SIMON JOHNSON AS THE NEW CEO
Borr Drilling Limited is an international drilling contractor to the oil and gas industry, with the ambition of acquiring and operating modern drilling assets.
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(BORR) BORR DRILLING LIMITED – APPOINTMENT OF SIMON JOHNSON AS THE NEW CEO

HAMILTON, BERMUDA, JULY 28, 2017 – THE COMPANY (“BORR DRILLING” OR THE “COMPANY”) IS PLEASED TO ANNOUNCE THAT IT HAS APPOINTED SIMON JOHNSON AS THE NEW CEO OF BORR DRILLING LTD.

MR JOHNSON MOST RECENTLY SERVED AS SENIOR VICE PRESIDENT – MARKETING & CONTRACTS AT NOBLE CORPORATION. MR JOHNSON WILL START AUGUST 1ST. HE WILL BE BASED IN DUBAI AND WILL LEAD BORR’S EFFORTS TO BECOME A WORLD CLASS DRILLING COMPANY, WITH FOCUS ON EFFICIENT AND SAFE OPERATION OF MODERN HIGH QUALITY JACK-UP ASSETS, SUPPORTED BY A STRONG FINANCIAL POSITION.

SINCE ACQUIRING THE TWO HERCULES JACK-UPS IN DECEMBER 2016, THE COMPANY HAS COMPLETED THE ACQUISITION OF 15 ADDITIONAL JACK-UP DRILLING RIGS. THIS GROWTH, TOGETHER WITH AN OUTLOOK FOR MORE M&A ACTIVITY, PLACE BORR IN A UNIQUE POSITION WITH A LOW ASSET ACQUISITION COST AND LOW OPERATING COST VERSUS OUR COMPETITORS.

SVEND ANTON MAIER WILL CONTINUE TO BE CHIEF OPERATING OFFICER. RUNE MAGNUS LUNDETRÆ WILL BE DEPUTY CHIEF EXECUTIVE OFFICER AND CFO.

CHAIRMAN OF THE BOARD ERLING LIND SAID “WE ARE DELIGHTED TO HAVE SIMON JOIN OUR MANAGEMENT TEAM AS WE TRANSITION FROM A STARTUP TO A FULLY-FLEDGED ORGANIZATION. HE WILL BRING VALUABLE INDUSTRY KNOWLEDGE, COMMERCIAL INSIGHT AND INTERNATIONAL CUSTOMER RELATIONSHIPS TO THE TABLE AT A CRITICAL JUNCTURE IN THE COMPANY’S DEVELOPMENT”.

MR JOHNSON STATED “I AM EXCITED TO JOIN BORR AND WORK WITH RUNE MAGNUS AND SVEND AND THE REST OF THE BORR ORGANIZATION TO BUILD A WORLD CLASS DRILLING COMPANY. WE FACE A CHALLENGING INDUSTRY OUTLOOK BUT I AM ENCOURAGED BY OUR GROWING FLEET, THE SUPPORT OF OUR INVESTORS AND THE OPPORTUNITIES THAT LIE IN FRONT OF US. BORR DRILLING IS A GROWTH PLATFORM THAT WILL CONTINUE TO PROVIDE MUCH NEEDED DYNAMISM IN THE OFFSHORE DRILLING SECTOR.”

THE BOARD RECOGNIZE THE CONTRIBUTION OF RUNE MAGNUS LUNDETRÆ WHO HAS SUCCESSFULLY ACTED AS THE COMPANY’S CEO SINCE START UP, AND HAS VOLUNTARILY STEPPED ASIDE IN ORDER TO STRENGTHEN THE COMPANY’S EXPERIENCE WITH PARTICULAR FOCUS ON CUSTOMER ORIENTATION.

http://www.vpff.no/NOTC/NOTC-nyheter