Well-Respected Energy Industry Executive With Wide-Ranging
International Experience
LONDON--(BUSINESS WIRE)--
Ensco plc (NYSE:ESV) announced today that Carl Trowell has been named
Chief Executive Officer and President. Mr. Trowell will also be
appointed to Ensco’s board. He succeeds Dan Rabun who is retiring after
eight years as CEO. Mr. Rabun’s planned retirement was announced in
November 2013.
The effective date for Mr. Trowell’s appointments to Chief Executive
Officer, President and the board of directors is expected to be 15 June
2014. Following Mr. Trowell’s appointments, Mr. Rabun will remain as
Non-Executive Chairman to ensure a smooth transition. Mr. Trowell will
be based in Ensco’s London headquarters.
Mr. Trowell joins Ensco following a distinguished career with
Schlumberger, the world’s leading supplier of technology, integrated
project management and information solutions to the oil and gas
industry. His leadership experience includes positions as President –
Integrated Project Management (IPM), President – Schlumberger Production
Management (SPM) and President – Schlumberger WesternGeco Ltd.
Mr. Trowell began his professional career as a petroleum engineer with
Shell before joining Schlumberger where he held a variety of
international management positions. His responsibilities ranged from
operations and technology to marketing and business development across
various regions. In particular, Mr. Trowell has a strong background in
the development and deployment of new technologies and has been a member
of several industry advisory boards in this capacity.
Mr. Trowell has a PhD in Earth Sciences from the University of
Cambridge, a BSc degree in Geology from Imperial College London and an
MBA from The Open University.
Paul Rowsey, lead director of Ensco, said, "Carl is a multi-talented
executive with proven leadership, operations, technology and marketing
expertise focused on the international energy services industry. He
embodies our core values - particularly our commitment to safety,
operational excellence and superior customer service - which, coupled
with Carl’s extensive industry knowledge, make him the ideal executive
to lead Ensco’s future growth in offshore drilling. We are confident
that our customers, employees and shareholders will benefit greatly from
his many talents, broad perspective and passion to excel. On behalf of
the entire board and executive management team, we welcome Carl to
Ensco."
Mr. Rowsey added, "We thank Dan for his many achievements over eight
years as CEO, especially Ensco’s safety record and leading customer
satisfaction scores. Dan led Ensco through a remarkably successful
period in our history that included newbuild construction and a
well-executed acquisition that gave us more advanced technological
capabilities, a larger customer base and more extensive global
operations. We are grateful that Dan will stay on as Non-Executive
Chairman for a period of time to ensure a smooth transition."
"I have truly enjoyed leading Ensco and am especially proud that we have
taken our safety performance to an even higher level," commented Mr.
Rabun. "Carl will benefit, as I have, from our highly-talented
management team and exceptionally dedicated employees who go beyond
expectations in everything they do."
Mr. Trowell stated, "Ensco has a well-earned reputation as the best
offshore driller given its focus on safety, operational excellence and
customer service. I am honored to have been chosen to lead Ensco’s
talented team of executives and employees, and my focus will be on
fostering collaboration to fully harness our global resources. This
includes working closely with customers and vendors to ensure we deliver
the most innovative, technologically-advanced and efficient drilling
services to the oil and gas industry. In doing so, we will create
additional value for shareholders and even more career advancement
opportunities for employees."
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 going beyond
customer expectations. Ensco is ranked first in total customer
satisfaction with top honors in eight of 14 categories in the latest
annual survey by EnergyPoint Research. Operating one of the newest
ultra-deepwater rig fleets and the largest premium jackup fleet, Ensco
has a major presence in the most strategic offshore basins across six
continents. In terms of dividend yield, Ensco is among the top dividend
payers of S&P 500® Companies. 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 CEO succession, future
growth, shareholder value creation, expected financial performance; the
timing of delivery, mobilization, or other movement of rigs; 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 unsuccessful executive recruitment and succession, downtime
and other risks associated with offshore rig operations, relocations,
severe weather or hurricanes; changes in worldwide rig supply and
demand, competition and technology; future levels of offshore drilling
activity; governmental action, civil unrest and political and economic
uncertainties; terrorism, piracy and military action; risks inherent to
shipyard rig construction, repair, maintenance or enhancement; possible
cancellation or suspension of drilling contracts as a result of
mechanical difficulties, performance or other reasons; the outcome of
litigation, legal proceedings, investigations or other claims or
contract disputes; governmental regulatory, legislative and permitting
requirements affecting drilling operations; our ability to attract and
retain skilled personnel on commercially reasonable terms; environmental
or other liabilities, risks or losses; debt restrictions that may limit
our liquidity and flexibility; our ability to realize the expected
benefits from our redomestication and actual contract commencement
dates. In addition to the numerous 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, as updated in our subsequent quarterly reports on Form 10-Q,
which are 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