Borr Drilling Limited Announces Change to Board of Directors

Rhea-AI Summary

Borr Drilling Limited (NYSE: BORR) has announced a significant corporate governance change. With the transition to a new CEO, Patrick Schorn will resign from the Company's board of directors effective September 8, 2020. This decision is part of the company's adherence to its governance policies. The disclosure is mandated by the Norwegian Securities Trading Act, ensuring transparency for shareholders and the market.

Positive

• Expected fresh perspectives with the new CEO in place.

Negative

• Potential concerns regarding continuity in leadership with the board member's resignation.

HAMILTON, Bermuda, Sept. 7, 2020 /PRNewswire/ -- Borr Drilling Limited (the "Company") (NYSE: BORR) (OSE: BDRILL) today announced that, in connection with the assumption of his new role as CEO and in line with the Company's corporate governance policies, Patrick Schorn will step down from the Company's board of directors with effect from September 8, 2020. 

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited-announces-change-to-board-of-directors,c3189770

 

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SOURCE Borr Drilling Limited

FAQ

Who is the new CEO of Borr Drilling?

Patrick Schorn has assumed the role of CEO at Borr Drilling.

When did Patrick Schorn resign from the board?

Patrick Schorn will step down from the board of directors effective September 8, 2020.

What are the implications of the board change for Borr Drilling?

The implications include a potential shift in company strategy and governance, as well as the introduction of new leadership dynamics.