DALLAS--(BUSINESS WIRE)--Feb. 6, 2006--ENSCO International
Incorporated (NYSE:ESV) today announced two executive appointments.
Daniel W. Rabun has been named by ENSCO's Board of Directors to
serve as President of the Company, and has also been appointed to
serve as a member of the Board of Directors, effective on or before
March 31, 2006. Mr. Rabun received a B.B.A. in Accounting from the
University of Houston and a J.D. from Southern Methodist University.
Mr. Rabun has been a Certified Public Accountant since 1976, was
admitted to the Texas Bar in 1983, and has been associated with the
international law firm of Baker & McKenzie LLP since 1986. He has
provided legal advice and counsel to ENSCO for over fifteen years, and
served as a Director of the Company during 2001.
The Company also announced that William S. Chadwick, Jr. has been
named the Company's Executive Vice President and Chief Operating
Officer. A graduate of the Wharton School of the University of
Pennsylvania, Mr. Chadwick has been with the Company since 1987, and
has served in a number of management positions, most recently as
Senior Vice President - Operations.
Carl F. Thorne will continue to serve as ENSCO's Chairman and
Chief Executive Officer. It is currently contemplated that Mr. Thorne
will step down as Chief Executive Officer within the next year, at
which time Mr. Rabun will be appointed to serve as ENSCO's Chief
Executive Officer. Mr. Thorne will thereupon continue to serve as
Chairman of the Board.
Carl F. Thorne, Chairman and Chief Executive Officer, commented
"We are very pleased that Dan Rabun is joining ENSCO. His ability and
diverse experience will add additional depth and breadth to our
executive management team. Because he has been our primary outside
counsel for many years, and previously served on our Board, Dan is
intimately familiar with our operations and business philosophy. He
embraces our core fundamental values of discipline, business integrity
and ethics. This demonstrated compatibility, together with his legal
and financial experience and strong leadership and management skills,
make Dan an outstanding addition to ENSCO's management team and its
Board.
"We also commend Bill Chadwick upon his promotion to Executive
Vice President and Chief Operating Officer. Bill has been an integral
part of ENSCO's management team since the Company's inception. His
wealth of experience, demonstrated leadership capabilities, and
participation in the formulation of our core values have made a
significant contribution to ENSCO's growth and success over the years,
and will continue to serve Bill well as he assumes his new
responsibilities.
"The election of Mr. Rabun to our management team and the
promotion of Mr. Chadwick to his new role are the result of our
ongoing commitment to succession planning. The said commitment and its
positive results will continue to provide for, and allow, orderly and
timely transition so as to perpetuate the Company's historical
success."
Statements contained in this news release that state Company or
management intentions, contemplations, hopes, beliefs, anticipations,
expectations or predictions of future events are forward-looking
statements. Such forward-looking statements include references to
management succession in general, and the future functions of Messrs.
Thorne and Rabun in particular. It is important to note that actual
facts could differ materially from those discussed in such
forward-looking statements. The factors that could cause actual facts
to differ materially from those in the forward-looking statements
include determinations regarding officer, chairman and director
nominations and elections by the Company's Nominating, Governance, and
Compensation Committee, Board of Directors and stockholders, changes
in succession planning, and the events and risks described from time
to time in the Company's SEC filings. Copies of such filings may be
obtained by contacting the Company or the SEC.
The Company disclaims any obligation or undertaking to disseminate
any updates or revisions to any forward-looking statements to reflect
any change in Company or management expectations or any change in
events, conditions or circumstances on which any such statements are
based.
ENSCO, headquartered in Dallas, owns and operates a modern
fleet of offshore drilling rigs servicing the petroleum industry on a
global basis.
CONTACT: ENSCO International Incorporated
Richard LeBlanc, 214-397-3011
SOURCE: ENSCO International Incorporated