Rowan Companies plc has announced that J. Kevin Bartol has been appointed to serve as the Company’s Executive Vice President, Finance and Corporate Development.
In this new role, Bartol will lead the Company’s Finance, Investor Relations and Corporate Development departments. William H. Wells will continue to serve as Senior Vice President, Chief Financial Officer and Treasurer, reporting to Bartol.
Bartol joined the Company in 2007 and previously served as Senior Vice President, Corporate Development.
Matt Ralls, Rowan’s President and Chief Executive Officer, commented, “I am pleased to announce this new position. Kevin has been instrumental in developing and implementing the Company’s strategy including the acquisition of Skeie Drilling & Production ASA, and the sale of our manufacturing and land drilling divisions. In this new position, Kevin’s strengths in strategy development and financial analysis will be a valuable complement to Bill Wells and his finance and accounting groups. I am confident that Kevin’s leadership will help ensure Rowan’s continued success in our strategic transformation.”
Rowan is a provider of international and domestic offshore contract drilling services specialized in high-specification jack-up rigs. The Company’s fleet of 31 jack-up rigs is located worldwide, including the Middle East, the North Sea, Trinidad, Southeast Asia and the Gulf of Mexico. Rowan also has three high-specification, ultra-deepwater drillships under construction at Hyundai Heavy Industries in Korea that are scheduled to be delivered in late 2013 and 2014. Rowan’s stock is traded on the New York Stock Exchange under the symbol “RDC”.
Press Release, August 1, 2012