0Z5D Seadrill Ltd

 
TIDMSDRL 
 
 
   Hamilton, Bermuda, November 21, 2019 - Seadrill Limited ("Seadrill" or 
the "Company") is pleased to announce that Glen Ole Rødland has 
been selected to succeed John Fredriksen as Chairman of Seadrill 
effective from November 21, 2019. 
 
   Glen has extensive experience working in shipping, oil and gas and other 
industries for more than 25 years. He is currently chairman of Prosafe 
and AqualisBraemar and is a former partner of the Norwegian investment 
companies Ferncliff and HitecVision. 
 
   In addition, as part of the Board succession planning process, Seadrill 
confirms that Harald Thorstein will step down as non-executive director 
of Seadrill effective from November 21, 2019. 
 
   Gunnar Winther Eliassen will be appointed to the Seadrill Board as 
non-executive director effective November 21, 2019. Gunnar is employed 
by the Seatankers Group, an affiliate of the Company's largest 
shareholder, Hemen Holding Limited. Prior to joining Seatankers, Gunnar 
was partner at Pareto Securities Inc in New York and Oslo. 
 
   John Fredriksen commented: "I have been actively involved with Seadrill 
during the 14 years since its inception. While I have now decided to 
spend less time on board seats, my close involvement and strong support 
of Seadrill will remain unchanged. I will continue to push for business 
optimization, strategic initiatives such as the recent joint ventures 
with Sonangol and GDI, and consolidation in the sector." 
 
   Glen Ole Rødland commented: "It is an honor to be joining Seadrill. 
It is a company that has huge potential, an innovative approach to the 
future of the industry and great people. I am looking forward to being 
part of the team and to helping Seadrill be the best company it can be." 
 
   Anton Dibowitz, CEO, commented: "John handing over the Chairmanship to 
Glen, is for us very much business as usual. Hemen remains our anchor 
shareholder. I will continue to have a close dialogue with John and 
benefit from his input and perspectives. On a personal level, I would 
like to extend my thanks and gratitude to John for his leadership of the 
board to date. I would like to welcome Glen and I look forward to 
working together." 
 
   Media contacts: 
 
   Seadrill Limited 
 
   Iain Cracknell 
 
   +44 7765 221812 
 
   +44 208 8114702 
 
   https://www.globenewswire.com/Tracker?data=f5QvDCHJc3doO3HjkL11-H9ddWBr3_NVSUyHb71GaZDpkGMeBusYtaVyrYALJXJytAwDmS8pLt1PG5RZP-BNmOpUIedcOoufvIyj-GrhX5HCletKs2Dh9OiXPKFqDxFc 
Iain.cracknell@seadrill.com 
 
   Corporate Communications, Norway 
 
   Geir Bjorlo 
 
   +47 91 54 00 00 
 
   https://www.globenewswire.com/Tracker?data=LxcS6MYtYDktbOskBQ-0nfaz92Sy_J-zKKYrr7g2jVeong5iviyjamEFaXfqW-whwNo4-pZXD1W7RaFXQ4HOtIGzWQY6xKWZTSa2WIpRK1I= 
geir.bjorlo@corpcom.no 
 
   This information is subject to the disclosure requirements pursuant to 
Section 5-12 the Norwegian Securities Trading Act 
 
 
 
 

(END) Dow Jones Newswires

November 21, 2019 01:00 ET (06:00 GMT)

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