Seadrill promotes chief commercial officer to CEO role

Offshore drilling contractor Seadrill has appointed a new chief executive officer of the company, effective July 1, 2017.

Seadrill said on Wednesday that the company appointed Anton Dibowitz as the new chief executive office. Dibowitz, the current chief commercial officer and executive VP, will succeed Per Wullf who will remain a director of the company.

Dibowitz has almost 20 years’ experience in the drilling industry and has served as CCO and senior VP since January 2013. He took on the role of executive VP in June 2016. Taking on the CEO role is in line with the company’s succession planning process implemented during 2016.

Anton Dibowitz, CEO designate, said: “I am deeply honored that the board has appointed me to succeed Per as CEO of Seadrill. We have a world class business with high quality people, a young and modern fleet and strong client relationships. There are short term challenges to overcome in Seadrill and the industry, but I look forward to playing my part in returning Seadrill to growth, together with the great team we have working here.”

The current CEO, Per Wullf, will remain at the position until the end of June and continue as a director of the company.

He was appointed a director of the company in February 2016 and held the CEO and president role of Seadrill since July 2013. Before that, he served as the company’s COO. He has over 30 years of experience in the drilling industry and has also held several senior positions in Maersk, including managing director of Maersk Contractors in Norway.

Wullf said: “After 37 years in this fascinating industry, I want to reduce my day to day work commitments and spend more time at home in Denmark. As Seadrill is approaching key milestones for the company’s restructuring, the time is right to inform all stakeholders that I will not lead Seadrill in the company’s next era and hand over to Anton, who will make an excellent CEO.”

John Fredriksen, chairman of the board, added: “Anton has a strong industry track record and has taken roles of increasing responsibility during his ten years at Seadrill, including the day to day business administration at Seadrill since 2016.

“We are confident that this succession plan provides Seadrill with the right combination of continuity and stability as the company works to complete its financial restructuring aimed at building a bridge to a recovery and achieving a sustainable capital structure.”

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