Ensco plc (NYSE: ESV) announced that Chief Financial Officer James W. Swent III has been promoted to Executive Vice President effective immediately with expanded responsibilities. Mr. Swent has been Senior Vice President – Chief Financial Officer since 2003.
“Jay has played a critical role in our transformation from a premier jackup drilling company to a world-class diversified offshore drilling organization,” said Dan Rabun, Chairman, President and Chief Executive Officer. “His business acumen and financial expertise have been instrumental in our redomestication to the UK in 2009, our major acquisition in 2011, and our organic growth through new rig construction, all while maintaining a strong financial position.”
In addition to overseeing the Finance, Accounting, Treasury, Tax, Information Technology, and Investor Relations and Communications departments, Mr. Swent will assume responsibility for the Human Resources and Supply Chain departments. He will relocate effective immediately from London to Houston.
Press Release, July 11, 2012