SDRL - Change to Board of Directors

Rhea-AI Summary

Seadrill Limited (NYSE: SDRL) has appointed Ana Zambelli as a new director, enhancing its board with over 20 years of industry experience. Zambelli’s background includes leadership roles at major companies like Maersk Drilling and Transocean, as well as financial oversight in Brookfield’s Private Equity Group in Brazil. She has also served on the boards of Petrobras and Braskem, contributing to diverse initiatives in the energy sector. Julie Robertson, Seadrill's Chair, highlighted Zambelli's extensive expertise, which aims to reinforce Seadrill's position as a top offshore drilling contractor.

Positive

• Ana Zambelli brings over 20 years of relevant industry experience to the board.
• Her past roles include executive positions at Maersk Drilling and Transocean, which can provide strategic insights.
• Her leadership in diversity initiatives may enhance corporate governance and social responsibility.

Negative

• Concerns may arise regarding continuity and experience transitions with a new board member.

HAMILTON, Bermuda, Jan. 25, 2023 /PRNewswire/ -- Seadrill Limited ("Seadrill" or "the Company") (NYSE: SDRL) (OSE: SDRL) is pleased to announce the appointment of Ana Zambelli as a new board director.

Ms. Zambelli brings significant industry experience to the Company, with more than 20 years' experience in the energy services sector in operational, commercial and finance roles. Ms. Zambelli served as Chief Commercial Officer at Maersk Drilling, Managing Director at Transocean, and President of the Brazilian division of Schlumberger. Last, she served as a Managing Director in Brookfield's Private Equity Group, responsible for business operations in Brazil, where she also provided operational and financial oversight for Brookfield portfolio companies. Ms. Zambelli previously served as an independent member of the Board of Directors of Petrobras and Braskem, and was the founder and leader of the Diversity Committee at the Brazilian Petroleum Institute (IBP) from 2018 to present.

Julie Robertson, Chair of the Board, Seadrill Limited, commented: "We warmly welcome Ana to the Seadrill Board. Her extensive experience in the energy services sector, including executive management positions for leading drilling contractors, together with her board experience, complement the Seadrill Board and management team, who are focussed on continuing to position Seadrill as the leading offshore driller."

About Seadrill

Seadrill is a leading offshore drilling contractor utilizing advanced technology to unlock oil and gas resources for clients across harsh and benign locations around the globe. Seadrill's high-quality, technologically-advanced fleet spans all asset classes allowing its experienced crews to conduct operations across geographies, from shallow to ultra-deep-water environments.

Forward-Looking Statements

This news release includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business and the markets in which it operates.

These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company's regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.

Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should also keep in mind the risks described from time to time in the Company's filings with the SEC, including its Annual Report on Form 20-F for the year ended December 31, 2021, filed with the SEC on April 29, 2022 (File No. 001-39327).

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

CONTACT:
seadrill@hawthornadvisors.com

View original content:https://www.prnewswire.com/news-releases/sdrl--change-to-board-of-directors-301730198.html

SOURCE Seadrill Limited

FAQ

What is the significance of Ana Zambelli's appointment to Seadrill's board?

Ana Zambelli's appointment is significant as she brings extensive experience from leading firms in the energy sector, which can enhance Seadrill's strategic direction.

How might Ana Zambelli's experience impact Seadrill's operations?

Zambelli's background in commercial and operational roles at major drilling companies may lead to improved operational strategies and market approaches at Seadrill.

What roles did Ana Zambelli hold before joining Seadrill?

Prior to joining Seadrill, Zambelli served as Chief Commercial Officer at Maersk Drilling and Managing Director at Transocean, among other leadership roles.

Who commented on Ana Zambelli's appointment to the Seadrill board?

Julie Robertson, the Chair of the Board, welcomed Ana Zambelli, highlighting her extensive experience in the energy services sector.

When was Ana Zambelli appointed to the Seadrill board?

Ana Zambelli was appointed to Seadrill's board on January 25, 2023.