Seadrill Limited Announces Organizational Change

Rhea-AI Summary

Seadrill Limited (SDRL) has announced the closure of its London office and the consolidation of its corporate office in Houston, Texas. The Executive Vice President and Chief Operating & Technology Officer, Leif Nelson, will not relocate to Houston and will be departing Seadrill. Marcel Wieggers has been promoted to Senior Vice President - Operations, reporting directly to Simon Johnson, President and Chief Executive Officer.

HAMILTON, Bermuda--(BUSINESS WIRE)-- December 14, 2023-- As previously announced, Seadrill Limited ("Seadrill" or the "Company") (NYSE & OSE: SDRL) has decided to close its London, England office and consolidate its corporate office in Houston, Texas. The Company announced today that its Executive Vice President and Chief Operating & Technology Officer, Leif Nelson, will not relocate to Houston and instead will be departing Seadrill.

In connection with Mr. Nelson’s departure, the Company has promoted Marcel Wieggers to Senior Vice President - Operations, reporting directly to Simon Johnson, President and Chief Executive Officer. Mr. Wieggers has been with Seadrill since 2009, most recently serving as Vice President - Operations.

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

About Seadrill Limited

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-deepwater environments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231214133474/en/

For additional information, visit www.seadrill.com.

Benjamin Wiseman

Corporate Finance Manager & Investor Relations

T: +44 786 713 9312

E: benjamin.wiseman@seadrill.com

Source: Seadrill Limited

FAQ

Why is Seadrill closing its London office?

Seadrill is closing its London office to consolidate its corporate office in Houston, Texas.

Who is departing from Seadrill?

Leif Nelson, the Executive Vice President and Chief Operating & Technology Officer, is departing from Seadrill.

Who has been promoted at Seadrill?

Marcel Wieggers has been promoted to Senior Vice President - Operations at Seadrill.

Where is Seadrill consolidating its corporate office?

Seadrill is consolidating its corporate office in Houston, Texas.

What is the ticker symbol for Seadrill Limited?

The ticker symbol for Seadrill Limited is SDRL.