Borr Drilling Limited - Appointment of Director

Rhea-AI Summary

Borr Drilling Limited (NYSE: BORR) announced the appointment of Daniel Rabun as a Director, effective April 25, 2023. Mr. Rabun brings significant experience to the Company, having served as the Chairman, President, and CEO of Ensco plc from 2007 to 2015. He previously worked as a partner at Baker & McKenzie LLP, advising oil and gas firms. His board experience includes roles at Golar LNG Ltd, where he served from 2015 to 2017, and at APA Corporation since May 2015. Currently, he holds the position of Chairman of the Board at ChampionX Corporation. Rabun holds a Bachelor’s in Accounting from the University of Houston and a Juris Doctorate from Southern Methodist University.

AI-generated analysis. Not financial advice.

Positive

• Appointment of experienced industry professional Daniel Rabun as Director.
• Rabun offers valuable leadership from his prior roles in offshore drilling services.

Negative

• None.

News Market Reaction – BORR

-2.60%

1 alert

-2.60% News Effect

On the day this news was published, BORR declined 2.60%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HAMILTON, Bermuda, April 25, 2023 /PRNewswire/ --  Borr Drilling Limited (the "Company") (OSE: BORR) (NYSE: BORR) today announced that Mr Daniel Rabun has been appointed as a Director of the Company by the Board to fill an existing vacancy with effect from 25th April 2023.

Mr. Rabun brings extensive industry experience in the energy services sector to the Company, including service as Chairman of the Board, President and Chief Executive Officer of Ensco plc, an offshore drilling services company from 2007 until his retirement in May 2015. Prior to joining Ensco, Mr. Rabun was a partner with the international law firm of Baker & McKenzie LLP, where he provided legal advice to oil and gas companies.

Mr. Rabun has served on the Board of Directors and as a member of the Audit Committee and Governance and Nomination Committee of Golar LNG Ltd since February 2015 and served as the non-executive Chairman from September 2015 to September 2017.  He has also served on the Board of Directors of APA Corporation (formerly known as Apache Corporation) since May 2015, where he is currently a member of the Corporate Responsibility, Governance and Nominating Committee and the Audit Committee.  In May 2018, Mr. Rabun became Chairman of the Board and a member of the Compensation Committee and Governance and Nominations Committee of ChampionX Corporation. Mr. Rabun holds a Bachelor of Business Administration Degree in Accounting from the University of Houston and a Juris Doctorate Degree from Southern Methodist University and has been a certified public accountant since 1976.  Mr. Rabun is a United States Citizen and a resident of Texas, U.S.A.

CONTACT:

Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208

 

View original content:https://www.prnewswire.com/news-releases/borr-drilling-limited--appointment-of-director-301807510.html

SOURCE Borr Drilling Limited

FAQ

What is the significance of Daniel Rabun's appointment to Borr Drilling Limited?

Daniel Rabun’s appointment is significant as he brings extensive experience in the energy sector, which may strengthen Borr Drilling's strategic direction.

When was Daniel Rabun appointed as a Director for Borr Drilling?

Daniel Rabun was appointed as a Director on April 25, 2023.

What prior experience does Daniel Rabun have in the drilling industry?

Daniel Rabun served as Chairman, President, and CEO of Ensco plc and has a background in legal advisory for oil and gas companies.