LONDON--(BUSINESS WIRE)--
At today’s annual general meeting, shareholders elected two new
directors to the board of directors of Ensco plc (NYSE: ESV) and passed
special resolutions authorizing $2 billion in share repurchases and
declassifying the board. The new board members are Roxanne J. Decyk,
former Executive Vice President of Global Government Relations for Royal
Dutch Shell plc, and Mary Francis CBE, Senior Independent Director of
Centrica plc and a former senior civil servant in the British Treasury
and Prime Minister's Office.
“I am very pleased to have both Ms. Decyk and Mrs. Francis join our
board,” said Dan Rabun, Chairman, President and CEO of Ensco plc. “They
each bring a wealth of international experience and a strong background
in energy.”
Ms. Decyk and Mrs. Francis replace two retiring board members: Thomas
(Tad) Kelly, who has been a member of the Ensco board of directors since
1987; and Rita Rodriguez, who joined the board in 2003.
“Tad and Rita have both made immeasurable contributions to Ensco’s
success over the past years,” said Mr. Rabun. “Their counsel and insight
will be missed.”
Ms. Decyk retired as Executive Vice President of Global Government
Relations for Royal Dutch Shell plc, where she also held senior-level
positions in Corporate Affairs, Human Resources and Corporate Strategy.
Ms. Decyk serves as a Director of Alliant Techsystems Inc. and Petrofac
Limited.
Mrs. Francis is a former senior civil servant in the British Treasury
and the Prime Minister's office and also served as Director General of
the Association of British Insurers. She is currently Senior Independent
Director of Centrica plc, an integrated energy company, and a director
of Swiss Re Group.
Shareholders passed a special resolution authorizing the company to
repurchase up to $2 billion of the company’s issued Class A ordinary
shares. This authorization replaces a previous share purchase agreement
that expired with the conversion last year of Ensco’s American
Depository Shares to Class A ordinary shares. Shareholders also passed a
special resolution to eliminate staggered three-year term classes for
board members. The term of all directors will now be one year.
Ensco plc (NYSE: ESV) brings energy to the world as a global provider of
offshore drilling services to the petroleum industry. For more than 25
years, the company has focused on operating safely and exceeding
customer expectations. Ensco is ranked #1 for total customer
satisfaction with top honors in 10 of 16 categories in the most recent
annual survey by EnergyPoint Research. Operating the world’s newest
ultra-deepwater fleet and largest fleet of active premium jackups, Ensco
has a major presence in the most strategic offshore basins across six
continents. Ensco plc is an English limited company (England No.
7023598) with its registered office and corporate headquarters located
at 6 Chesterfield Gardens, London W1J 5BQ. To learn more, visit our
website at www.enscoplc.com.
Statements contained in this press release that are not historical
facts are forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. Forward-looking statements include words or phrases such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,”
“project,” “could,” “may,” “might,” “should,” “will” and similar words
and specifically include statements regarding expected financial
performance, day rates and backlog; and general market, business and
industry conditions, trends and outlook. Such statements are subject to
numerous risks, uncertainties and assumptions that may cause actual
results to vary materially from those indicated, including downtime and
other risks associated with offshore rig operations; and possible
cancellation or suspension of drilling contracts as a result of
mechanical difficulties, performance or other reasons. In addition to
the factors described above, you should also carefully read and consider
“Item 1A. Risk Factors” in Part I and “Item 7. Management’s Discussion
and Analysis of Financial Condition and Results of Operations” in Part
II of our most recent annual report on Form 10-K, which is available on
the SEC’s website at www.sec.gov
or on the Investor Relations section of our website at www.enscoplc.com.
Each forward-looking statement speaks only as of the date of the
particular statement, and we undertake no obligation to publicly update
or revise any forward looking statements, except as required by law.
Source: Ensco plc