Glen Ole Rødland steps down as Chairman of Seadrill Board

HAMILTON, BERMUDA: Seadrill Limited announced that Glen Ole Rødland has notified Seadrill that he will be stepping down from the Board with immediate effect, having been Chairman since November 2019.

The Board would like to thank Glen for his leadership and counsel during his tenure as Chairman of Seadrill, and the work he has led to progress our current restructuring.

Stuart Jackson, CEO said, “We continue to make good progress with our lenders through productive discussions and our board and management team remain focused on delivering a significant balance sheet deleveraging to support our safe and efficient operations.”

“For me, now is the right time to hand over the reins, the restructuring has been complex and multi-faceted and I have every confidence the board will guide the deal over the line,” says Glen Ole Rødland.

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

The company operates 43 rigs, which includes drillships, jack-ups and semi-submersibles. Seadrill is listed on the Oslo Børs and OTC Pink markets.

Seadrill Ltd

0.23 USD −0.0025 (1.07%)

28 May, 4:00 pm GMT-4 · Disclaimer

OTCMKTS: SDRLF

www.seadrill.com

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